The Economist
on the GOP Tax Bill:
Greg Ip of WSJ - GOP
Tax Bill Fixes Some Problems, But Exacerbates Others
https://www.wsj.com/articles/gop-tax-bill-fixes-some-problems-but-exacerbates-others-1513787259
Who Pays the
Corporate Income Tax by BRUCE BARTLETT [Useful Background Piece]
https://economix.blogs.nytimes.com/2013/02/19/who-pays-the-corporate-income-tax/
Robert Samuelson on the projected US budget deficits:
“To be fair, Republicans
argue that their tax cuts will pay for themselves by speeding up the economy
and generating a gusher of new tax revenue — a claim doubted by many
economists. If Republicans had the courage of their convictions, they would
have advanced a stand-alone corporate tax reduction (touted as the biggest
contributor to growth) financed entirely by ending other tax breaks.
As it is, the
Republicans send exactly the wrong message. We need more taxes, not fewer. Even
with the economy near “full employment,” annual budget deficits total hundreds
of billions of dollars, and under present policies, they will expand as more
Americans retire and health-care costs grow. Although we can’t know the full
consequences, they could be serious.”
Related:
Robert Samuelson on the ‘Captured Economy’
https://www.washingtonpost.com/opinions/our-economic-cannibalism/2017/10/08/9a7de5a4-aab0-11e7-850e-2bdd1236be5d_story.html