Category: Taxation

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Bush era tax cuts fall short

  By Federal Taxes, Published op-eds, Social Justice

Originally appeared in the Harrisburg Patriot News, July 3, 2011 Ten years ago last month, President George W. Bush signed a bill cutting taxes by $1.35 trillion over 10 years. It was the first of several Bush tax cuts that ended up costing two and a half trillion dollars over a decade. Dan Gleiter, The Patriot-News Ten years later, what have we gotten for this tax cut? Where is the prosperity President Bush promised? Pennsylvania’s official unemployment rate in June 2001 was 4.8 percent. Today, the seasonally adjusted rate is 7.4 percent. Nationwide, the unemployment rate was 4.7 percent. Today, it is hovering around 9 percent. At the end of last year, supporters of Bush’s policies pushed through an extension of the Bush tax cuts for another two years. Many lawmakers say they want to extend the tax cuts again into 2013 and beyond, which would almost double the federal… Continue reading

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The Cost of the Bush Era Tax Cuts

  By Federal Budget, Penn ACTION, Taxation

Ten years of the Bush Tax Cuts have cost us $2.5 trillion.  They were a $2.5 trillion dollar gamble that if we pushed enough money into the pockets of millionaires, billionaires and giant corporations, some of it would fall out and land on the rest of us.  We know what happened – that money stayed in those overstuffed pockets.  But, as Think Progress says, it didn’t have to be that way: Here are ten alternatives we could’ve pursued instead: – Give 122.7 Million Children Low-Income Health Care Every Year For Ten Years – Give 49.2 Million People Access To Low-Income Healthcare Every Year For Ten Years – Provide 43.1 Million Students With Pell Grants Worth $5,500 Every Year For Ten Years – Provide 31.5 Million Head Start Slots For Children Every Year For Ten Years – Provide VA Care For 30.7 Million Military Veterans Every Year For Ten Years –… Continue reading

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Take action today to block tax cuts for the rich!–and some notes on where we stand on the tax issue

  By Federal Taxes, Penn ACTION, Take political action

The Senate is scheduled to vote today on the tax cut plan President Obama negotiated with Senate Republicans. Click here  to send an email to Senators Casey and Specter to urge them to vote no and encourage President Obama to stand united with Democrats in the House and Senate to seek a better deal. Urge them to seek a deal that continues extended unemployment benefits, that stimulates the economy, that cuts taxes for working people and the middle class and that stands against unnecessary, wasteful tax cuts for the rich. Click here  to send that message now. An interesting week This has been one of the more interesting weeks since I began at Penn ACTION in June. Our actions and emails about President Obama’s tax compromise have created more controversy among the people on our email list than anything else we have done. So this is a good opportunity for me… Continue reading

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Tell Congress to fight for a better deal

  By Federal Taxes, Unemployment Insurance

The news is full of reports that President Obama has cut a deal with Republican leaders in Congress on taxes. There is one good element in this bill: the 13 month continuation of extended unemployment insurance for which we’ve been fighting. But the price the Republicans have demanded for this good policy is an unnecessary and unjust extension of the Bush tax cuts for millionaires and a further reduction in the estate tax. A growing number of Democratic Members of Congress are saying that extended unemployment insurance should not be held hostage to tax cuts for the rich. They are telling their leaders and the President to stand up and fight for a better deal. Their position reflects all of the polls, which show 70% of the public opposing a continuation of the Bush tax cuts. Congress will be voting on the deal before they go home for the holidays.… Continue reading

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Lies, damn lies, and statistics

  By Philadelphia, Social Justice, Taxation

“There are three kinds of lies: lies, damned lies, and statistics” attributed to Benjamin Disraeli by Mark Twain Having made the transition myself, I know well that moving from academia to advocacy often requires some compromise with the standard of the academy. Academic rectitude requires one to point out the possible weaknesses in one’s views, to qualify statements about which one is uncertain and to be cautious before drawing start conclusion. There is little room for uncertainty, for qualification, and for caution in advocacy. But becoming an advocate shouldn’t mean that one gives up standards of intellectual honesty entirely. An advocate, especially one who trades on his standing as an academic, shouldn’t put forward conclusions when he has no good reason to do so. That, however, is what Robert Inman did in his op-ed piece in the Inquirer opposing the BPT proposal put forward by Bill Green and Maria Quinones-Sanchez. Inman… Continue reading

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What did you do during the class war, Mommy and Daddy?

  By Politics, Progressive Politics, Public Policy, Published op-eds, Social Justice, Taxation, US

Published in the Daily News, September 23, 2010 THOUGH I lead a progressive grass-roots organization, I’m a little embarrassed by the question that serves as a title for this essay. For 25 years, I taught political philosophy, most recently at Temple University. The key to my teaching was to encourage students see both sides of every issue. I was always proud when my students didn’t know where I stood politically. Teaching both sides of the issues rubs off. So, even now, I’m politically just a little left of center. I supported the Obama health-care plan rather than single-payer not out of political expedience but conviction. I believe that a hybrid public-private plan is most likely to give us the most effective health-insurance system. So, I’m uncomfortable saying we are in the midst of a class war right now in America. But it’s time for all of us on the left,… Continue reading

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Pa. GOP leaders should lobby Congress for extra stimulus dollars

  By Federal Budget, Pennsylvania, Pennsylvania Budget, Philadelphia, Taxation

Published in the Harrisburg Post-Gazette, July 1, 2010 Though Gov. Rendell and legislative leaders have reached an agreement, we still face a potential budget catastrophe. Only Republicans — gubernatorial nominee Tom Corbett, Lt. Gov. Joseph Scarnati, Senate Majority Leader Dominic Pileggi and House Minority Leader Sam Smith — can prevent it.   Continue reading

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Mark Alan Hughes is gone; Does his policy live on?

  By Libraries, Philadelphia, Taxation

Hughes has left the administration. I’ve not heard why although there is a rumor he is being blamed for Nutter’s political misteps, including the proposal to close libraries and the call for massive increases in the property tax. Closing libraries and raising the property tax to such an extent–and ruling out any increases in wage or business taxes or elimination of the tax abatement–certainly looks to be part of the Hughes strategy I criticized here a few months ago, that is, to focus city services and tax cuts on the happy half million middle class people in the city rather than on the miserable million working class and poor. Unfortunately, raising the sales tax instead of the property tax is just another way of doing the same thing as it is even more regressive than a property tax increase, especially one with a homestead exemption or circuit breaker. If Hughes… Continue reading

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How to think about tax systems

  By Taxation

There is no tax system that, from every point of view and in every particular case, will always look just. That’s true for two reasons. First, our intuitions about justice are quite varied and what looks just from one point of view might not look just from another. Second, what looks just in the micro case might be impossible to create in an large, complex market based economy. Thus we can’t define rules of justice for a political economy as a whole that looks only at the individual case and does not take into account the broad consequences of one or another set of political and social arrangements. Continue reading

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Best practices on city taxation in a recession: a proposed project for YPP

  By Philadelphia, Taxation

Most of us here, and to judge from the poll Ray and Dan sponsored, most of the city, believes that we should not be cutting taxes when our services are being reduced so much. We should be, at least temporarily, delay the wage tax cuts. But what do you do when the strong mayor of our city totally disagrees and when the members of City Council who, in addition to having the usual disinclination of politicians to raise taxes, are also disinclined to pick a fight with the Mayor in his first (of most likely eight) years in office. Where do we get the leverage to move the debate in the city. The poll helped, but what do we do now? For one thing, we can keep pointing out that the rationale for cutting taxes–to influence the location decisions of businesses and residents–is substantially less important when businesses and residents… Continue reading