Taxation

Tax Cutting, Washington-Style

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The House Republicans' proposed tax cut, which looks doomed in the Senate, is an outrage. It's so small it would barely show up on the budget radar screen. This makes absolutely no sense. If President Clinton is determined to veto a tax cut, as he says he is, at least make ... [click for more]

Home Runs and the Capricious Tax Man

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Everyone was appalled when a spokesman at the Internal Revenue Service said that a big tax bill lay in store for the fan who retrieved Mark McGwire's record-breaking 62nd home-run baseball and returned it to the slugger. Then everyone breathed a sigh of relief when IRS Commissioner Charles Rossotti said, in ... [click for more]

Eliminate, Don’t Reform, the IRS

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Yet again a taxpayer "bill of rights" has been enacted into law. And so, after all the recent revelations of Internal Revenue Service abuse, we can all now be confident the tax collector will respect the rights and dignity of every American. Right. And pigs have started flying. We've been here before. ... [click for more]

Such a Deal!

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Let's keep this among ourselves, but we nonrich folks have a good thing going. Even though we are of modest means, we have a huge staff of servants who perform valuable services for us. The best part is that we don't even have to pay them. For example, when VCRs ... [click for more]

The Republican Tax Fraud

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The Republican Party holds itself out as the anti-tax party. If nothing else, the GOP believes that calling for tax cuts is the sure path to electoral success. But as W. S. Gilbert wrote, things are seldom what they seem. The Republican record on taxes is nothing to ... [click for more]

Taxes in the Electronic Global Market

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A recent issue of The Economist proclaimed "the disappearing taxpayer." It acknowledged the difficulty governments are beginning to experience in taxing their citizens owing to two phenomena: the mobility of capital in the global marketplace and the shift of commerce to the Internet. The difficulty can only become ... [click for more]

April 15: Day of Infamy

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April 15 is here again. For many people the day heralds a tax refund. But what are they celebrating? That they loaned the government money interest-free in 1996? Why is it that if the government doesn't withhold enough tax, you may owe interest, but if the government ... [click for more]

Cutting Taxes Is Selfish

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All right! Finally some basic talk about taxes. How refreshing! Inspiring my utterly sincere glee is a remark by Deputy Treasury Secretary Lawrence Summers last week. He criticized people who want to cut the estate tax for being selfish. Ouch! That hurt. And the Republicans quickly responded. ... [click for more]

Stop the Flood of Taxpayer Money

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Once again spring is heralded by swollen rivers in the Midwest. The overflowing Ohio River and its tributaries have caused heartbreak and millions of dollars of damage in several states in the region. And once again a colossal public-policy blunder is being committed: the handing out of millions of taxpayer dollars in ... [click for more]

Clinton’s State of Mind Address

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President Clinton tells the American people that the "era of big government is over" and that "government is not the solution," but considering what he had to say in his State of the Union Address, he surely does not believe it. Clinton's speech was little more than a laundry list of things ... [click for more]

More Washington Gibberish

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That recent spike in gasoline prices provided more examples of the strange tongue spoken in the nation's capital. I call it Washington Gibberish. On the NewsHour with Jim Lehrer, Democratic Senator Byron Dorgan of North Dakota called the price increase a "crisis." Republican Senator Trent Lott of Mississippi, sitting at his side, did not disagree. He joined Dorgan in calling ... [click for more]
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