Word: taxing
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...built an institute from scratch and built it into a crucial part of the politicizing process in Washington," says Verdier, who was the head of tax analysis at the CBO under Rivlin...
...most outrageous aspect of the Peterson plan is that it would force the burden of paying for the profligacy of Reagan's economic policies on those who benefited least from them. Both the proposed spending cuts and the possible tax increases of Peterson's plan are designed to soak the working class and spare the wealthy. Under Reagan, the financial establishment threw a massive party on Uncle Sam's Master Card, and now they are handing the bill to those who weren't invited...
Even more cruelly ironic is the tax proposal of the Peterson plan. Peterson advises raising taxes only in a manner that would discourage consumption and encourage savings and investment. In the tradition of Reagan and his supplyside philosophies, this would shift the tax burden from the rich to the poor, assuming that the rich will invest it in ways that build the economy...
Just like the gurus of Reaganomics, Peterson asserts that lifting the tax burden from the shoulders of the rich discourages consumption and promotes savings and investment. Really? Despite the generous taxation and spending policies of the Reagan administration, real fixed investment by corporations has increased only 2.6 percent per year under Reagan, compared to 7.1 percent under Jimmy Carter...
...truly fair and equitable solution to the Reagan deficits must derive the bulk of its revenues from the big gainers of the last eight years: wealthy citizens and corporations. Kuttner suggests, among other things, holding the top income tax rate at 38.5 percent, rather than allowing it to drop to 22 percent as prescribed by the new tax laws...