by Thomas Mills | Feb 18, 2020 | Editor's Blog, Tax Reform |
Sales taxes are regressive. They take a larger percentage of money from low income families than they do higher income families. That’s why liberals in North Carolina howled when the Republicans running the legislature reduced the income tax rate on the highest...
by Thomas Mills | May 25, 2018 | Economy, Editor's Blog, Tax Reform |
When North Carolina Republicans took power, one of the first things they did was change the tax code to benefit the wealthiest people in the state. They followed the same principles that the Reagan revolutionaries followed, shifting the tax burden from the rich to the...
by Thomas Mills | Apr 17, 2018 | Editor's Blog, Tax Reform |
Tax Day reminds us that the GOP has two conflicting talking points on taxes. On the one hand, they like to tell us that cutting taxes puts more money into the pockets of working people. On the other, they like to remind us that 50% of the people don’t pay federal...
by Thomas Mills | Dec 18, 2017 | Editor's Blog, Tax Reform |
Republicans have cleared most of the obstacles to their tax bill and will likely send it to Donald Trump for his signature sometime in the next day or two. Republicans in Congress are rejoicing. The American people are not. According to SurveyMonkey poll, 58% of...
by Thomas Mills | Dec 4, 2017 | Editor's Blog, Tax Reform, Trump |
Dear Trumpsters and Tea Partiers, You’ve been had. The tax reform bill that’s about to pass Congress blows at least a $1 trillion hole in the budget while giving the richest Americans a huge tax cut. Republicans will claim that the middle class benefits, but that’s...
by Thomas Mills | Nov 28, 2017 | Editor's Blog, Tax Reform |
The last time Congress passed tax reform was more than 30 years ago. Back then, a Democratic Congress and Republican president spent two years crafting a plan that would give virtually everyone a significant tax cut and fix an outdated system. The plan passed with...
