Who received a “great big Christmas gift” in the new tax law in 2018? According to many online national news sources: • Some 62 percent ($930 billion) of the $1.5 trillion tax cut (over 10 years) will go to the top richest 20 percent of Americans and corporations; • About 38 percent ($570 billion) of […]
income tax reform
Posted inLetters, sj-web
Tax bill is short-sighted
I am concerned with the proposed tax bill currently going through Congress. This year has seen record-breaking storms that were exacerbated by climate change. Instead of doing anything to encourage renewable energy, the tax bill undermines credits for wind energy and electric vehicles, while proposing to open the Arctic National Wildlife Refuge to drilling for […]
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Posted inOp-Eds, sj-web
The true tax gap may go as high as $12 trillion
WASHINGTON — When historians examine President Trump’s tax program, they will surely be struck by a large and momentous contradiction. Although the nation faces endless budget deficits — and although the president purports to speak about the future — his tax program does little or nothing to curb long-term deficits and, arguably, might make them […]
Posted inOp-Eds, sj-web
A competitive U.S. tax system would boost economic growth
The U.S. Congress is engaged in a consequential debate about corporate tax reform. The details will matter, but a competitive U.S. tax system will boost economic growth here at home and level the playing field for U.S. businesses and workers — including Procter & Gamble’s U.S. employees here in Maine. In Auburn, P&G has been […]
Posted inOp-Eds, sj-web
Taxing dollars already taxed by states will not happen
Nice try, Republicans. You’d like to end the federal deduction for state and local taxes. That would stick the expensive-to-live-in blue states with more of the nation’s bills. It would amount to taxing income that has already gone to taxes. Not gonna happen. Not gonna happen because of politics. But let’s not ignore your honking […]