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Taxes

 

Photograph: IRS Tax Form being filled out.  Photo credit: Ken Teegarden | CC2.0, Flickr

Introduction

 

This page has resources on various taxes, proposed and implemented. They list arguments for and against, paying special attention to taxes as at least potentially constructive and beneficial. This view is based on the Christian moral argument that human community comes before private property, so taxation is not in principle immoral. Nor is it intrinsically theft, as libertarians argue. Furthermore, goods that are funded by taxpayers and created by the government — technology, infrastructure, medicine, etc. — become privatized for private gain, so taxation is a way to express past public investment. The issues covered below focus on philosophical and historical issues related to taxes on individuals and households. See Corporate Taxes for more on corporate taxes.

 

Christian Resources on Taxes

 

Matt Perman, 11 Objections on Giving to the Poor Answered by Jonathan Edwards. Matt Perman, Aug 11, 2014. An abbreviated outline of Jonathan Edwards’ sermon “The Duty of Christian Charity: Explained and Defended.”

 
 

Other Resources on Taxes

 

Seth Hanlon, The Mortgage Interest Deduction. Center for American Progress, Jan 26, 2011.  See also Derek Thompson, The Shame of the Mortgage-Interest Deduction. The Atlantic, May 14, 2017.  "It’s not just a failure of housing policy. It's a symbol of everything that’s wrong with the American tax code."  See also Wikipedia, Home Mortgage Interest Deduction (Wikipedia article)

Wikipedia, Hidden Welfare State (Wikipedia article) 

Tax Justice Network (website)

Mike P. Sinn, Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs. Think by Numbers, Mar 6, 2011.  “About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.”

Lawrence Lessig, Republic, Lost: How Money Corrupts Congress - and a Plan to Stop it. Twelve | Amazon page, Oct 2011.

Rachel Maddow, How Reaganomics Destroyed the Middle Class...And Maybe America. MSNBC, Dec 4, 2010.

Jonathan Chait, How Conservatives Tax the Poor. New Republic, Apr 1, 2011.

Henry Blodgett, The Truth About Taxes: Here's How High Today's Tax Rates Really Are. Business Insider, Jul 12, 2011.

John Horgan, Dear Occupy Wall Street: Read Jeffrey Sachs! Scientific American, Oct 11, 2011.  "According to Sachs, Google funnels billions in profits into off-shore subsidiaries, which pay lower tax rates than the U.S. corporation does. Sachs points out that Sergey Brin's "ingenious work in creating Google's search engine" was supported by the National Science Foundation, which means that our tax dollars helped Brin get his start."

John Horgan, Education Isn't Helping Americans Overcome Deepening Inequality. Scientific American, Feb 13, 2012.  Horgan comments on taxes and structural, institutional factors.

Heather Stewart, Wealth Doesn't Trickle Down - It Just Floods Offshore, Study Reveals. The Guardian, Jul 21, 2012.

Shamus Khan, The Rich Haven't Always Hated Taxes. Time, Sep 18, 2012.

Zachary Mider, Accidental Tax Break Saves Wealthiest Americans $100 Billion. Bloomberg, Dec 17, 2013.

Jillian Berman, Any Hope Of American Equality Died In The 1980s (And Here's Proof). Huffington Post, Dec 20, 2013.

Zachary Mider, Moguls Rent South Dakota Addresses to Dodge Taxes Forever. Bloomberg, Dec 27, 2013.

Jena McGregor, Beware, Study Says, Money is Addictive. Washington Post, Jan 20, 2014.

Margaret Newkirk, Baton Rouge's Rich Want New Town to Keep Poor Pupils Out: Taxes. Bloomberg, Feb 6, 2014.

C. Robert Gibson, This Billionaire Governor Taxed the Rich and Increased the Minimum Wage — Now, His State’s Economy Is One of the Best in the Country. Huffington Post, Feb 24, 2015.  although Louis Jacobson, Meme Touts Mark Dayton's Economic Successes as Governor of Minnesota; Is It Accurate? Politifact, Apr 1, 2015.

Kathleen Miles, This Map Shows Why the Plan to Split Up California Would Be a Dystopian Nightmare. Huffington Post, Mar 7, 2014.

Nicholas Kristof, A Nation of Takers? New York Times, Mar 26, 2014.

Thomas Piketty, Capital in the 21st Century. Harvard University Press | Amazon page, Mar 2014.  See reviews:  Paul Krugman, America's Taxation Tradition. New York Times, Mar 27, 2014.  John Cassidy, Piketty's Inequality Story in 6 Charts. New Yorker, Mar 26, 2014.  Andrew Hussey, Occupy Was Right: Capitalism Has Failed the World. The Guardian, Apr 12, 2014.

Robert Shiller, Better Insurance Against Inequality. New York Times, Apr 12, 2014.

Bernie DeGroat, What Do Tax Policy Experts Think About U.S. Tax Policy? University of Michigan News, Apr 11, 2013.

Jonathan Chait, Why Republicans Love Taxing the Poor. New York Magazine, May 22, 2014.

Peter R. Orszag, To Fight Inequality, Tax Land. Bloomberg View, Mar 3, 2015.

Eric Levitz, The Republican Party Must Answer for What It Did to Kansas and Louisiana. New York Magazine, Mar 18, 2016.

Brooke Harrington, Inside the Secretive World of Tax-Avoidance Experts. The Atlantic, Oct 26, 2015.

Thom Hartmann, How Reaganomics Killed America's Middle Class. The Big Picture RT, Nov 11, 2015.

Jeff Guo, Why a German Billionaire Says That Pledges Like Mark Zuckerberg's Are Really Bad. Washington Post, Dec 2, 2015.

Jared Wolczak, Which States Rely the Most on Federal Aid? Tax Foundation, Jan 6, 2016.

Kevin D. Williamson, Slouching Towards Tax Reform. National Review, Jan 19, 2016.  about corporate taxes, although I'm not for a flat tax

Alec MacGillis, The Billionaire's Loophole. The New Yorker, Mar 14, 2016.  On charitable giving being tax-deductible:  is it fair?

Eric Levitz, The Republican Party Must Answer for What It Did to Kansas and Louisiana. New York Magazine, Mar 18, 2016.

Anu Partanen, I Moved to the US 7 Years Ago from Finland — Here's What Americans Don't Understand About Nordic Countries. Business Insider, Mar 19, 2016.

Drew Schwartz, Here's Why You Should Give a Shit About the Panama Papers. Vice, Apr 4, 2016.

Colin Holtz, The Panama Papers Prove It: America Can Afford a Universal Basic Income. The Guardian UK, Apr 8, 2016.

Uri Friedman, The Geography of Financial Secrecy. The Atlantic, Apr 9, 2016.  on tax havens; includes per country lost tax revenue.

Dylan Matthews, The Greatest Trick the Rich Ever Pulled Was Making Us Believe They Pay All the Taxes. Vox, Apr 15, 2016.

Robert Reich, What is the Racial Wealth Gap? Inequality Media, Apr 27, 2016.  Reich examines taxes and raising welfare limits to allow for more wealth accumulation.

Charles Derber and Yale Magrass, How Unchecked Capitalism and Massive Inequality Made America the Bully Nation: A Guide to the Systemic Origins of America's Bully Culture. Alternet, May 26, 2016.

Narayana Kocherlakota, The Rich Are Different, and It Matters. Bloomberg Jun 3, 2016.

Jim Tankersley and Max Ehrenfreund, The Interesting Thing That Happened When Kansas Cut Taxes and California Hiked Them. Washington Post, Jun 17, 2016.

Christopher Helman, What America's 25 Most Profitable Companies Pay in Taxes. Forbes, Jul 4, 2016.

Seth Meyers, Kansas Tax Cuts: A Closer Look. Late Night, Mar 21, 2016.  A comedic report.

Hunter Blair, Trump's Tax Plan Blatantly Contradicts His Populist Rhetoric. Economic Policy Institute, May 13, 2016.

Robert Reich, A Little Goes a Long Way: Why a Small Tax on Wall Street Trades Is a Good Idea. Salon, Aug 11, 2016.

Valerio Pellegrini, How Apple - and the Rest of Silicon Valley - Avoids the Tax Man. Wired, Aug 30, 2016.

Andrew Ross Sorkin, When It Comes to Tax Avoidance, Donald Trump’s Just a Small Fry. New York Times, Oct 4, 2016.  Fortune 500 companies shelter trillions offshore, referring to this report: Citizens for Tax Justice, Offshore Shell Games 2016

New York Times Editorial Board, Affordable Child Care: The Secret to a Better Economy. New York Times, Aug 19, 2016.

Hunter Blair, $916 Million Losses Aside, There Are Many Ways Trump Could Avoid Paying Taxes. Economic Policy Institute, Oct 3, 2016.  A good explanation of real estate tax loopholes.

Robertson Williams, Donald Trump's Tax Plan Would Hit Single Parents Hard. Forbes, Nov 4, 2016.

Howard Gleckman, Trump's Campaign Rhetoric May Have Been Populist But His Tax Plan Isn't. Forbes, Nov 10, 2016.

Rupert Neate, Trump's Tax Plan: Massive Cuts for the 1% Will Usher 'Era of Dynastic Wealth'. The Guardian UK, Nov 23, 2016.

Steven Johnson, Why Blue States Are the Real 'Tea Party'. New York Times, Dec 3, 2016.

Kathleen Pender, Who Really Wins or Loses from Proposition 13? San Francisco Chronicle, Dec 6, 2016.

Jim Tankersley, Republicans Have a Double Standard When It Comes to Trump's Threats of 'Retribution'. Washington Post, Dec 6, 2016.

Robert Reich, Tax Experiment. Inequality Media, Dec 9, 2016.  On Kansas and Texas vs. California.

Matt Bruenig, The Rich Already Have UBI. Jacobin Magazine, Jan 2, 2017.  “10 percent of all national income is paid out to the 1 percent as capital income. Why not give it to all as a universal basic income?” Dividends, interest, rents, etc.

Josh Bivens, It's Time for Corporations to Pay Their Fair Share of Taxes. Economic Policy Institute, May 18, 2017.  Compares the effective vs. statutory corporate tax rates.

Dean Baker, A Tax on Wall Street Trading is the Best Solution to Income Inequality. CounterPunch, May 29, 2017.

Rutger Bregman, No, Wealth Isn’t Created at the Top. It Is Merely Devoured There.  The Guardian UK, Mar 30, 2017.  “There is also a second way to make money. That’s the rentier way: by leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth. You produce nothing, yet profit nonetheless. By definition, the rentier makes his living at others’ expense, using his power to claim economic benefit… It may take quite a mental leap to see our economy as a system that shows solidarity with the rich rather than the poor. So I’ll start with the clearest illustration of modern freeloaders at the top: bankers. Studies conducted by the International Monetary Fund and the Bank for International Settlements – not exactly leftist thinktanks – have revealed that much of the financial sector has become downright parasitic. How instead of creating wealth, they gobble it up whole. Don’t get me wrong. Banks can help to gauge risks and get money where it is needed, both of which are vital to a well-functioning economy. But consider this: economists tell us that the optimum level of total private-sector debt is 100% of GDP. Based on this equation, if the financial sector only grows, it won’t equal more wealth, but less. So here’s the bad news. In the United Kingdom, private-sector debt is now at 157.5%. In the United States, the figure is 188.8%.” See Laura Paddison, Historian Lays Into Billionaires At Davos For Dodging The 1 Thing To Solve Inequality. Huffington Post, Jan 30, 2019.

A.Q. Smith, It's Basically Just Immoral to be Rich. Current Affairs, Jun 14, 2017.  argues that the right to retain is different from the right to acquire

Matt Bruenig, Massive Rise Of Top Incomes Is Mostly Driven By Capital. People's Policy Project, Aug 9, 2017.  Great charts comparing income from capital vs. from wages

Hunter Blair, Corporations Pay Between 13 and 19 Percent in Federal Taxes — Far Less Tthan the 35 Percent Statutory Tax Rate. Economic Policy Institute, Aug 10, 2017.

Michael Hiltzik, Did Steve Mnuchin and Louise Linton Really "Give More to the Economy" Than They Took? They Record Says No. Los Angeles Times, Aug 23, 2017.  A good examination of tax policy.

Noah Smith, How the Top 1% Keeps Getting Richer. Bloomberg, Aug 28, 2017.  Less in land and more in stocks.

Tim McDonnell, Forget the Paris Agreement. The Real Solution to Climate Change is in the U.S. Tax Code. Washington Post, Oct 2, 2017.

Noah Smith, Faster Growth Begins with a Land Tax in U.S. Cities. Bloomberg, Oct 24, 2017.

Amy Goodman, Yanis Varoufakis on Global Capitalism & How Trump’s Tax Plan is Class War Against the Poor. NPR, Nov 3, 2017.

Paradise Papers Reporting Team, Tax Haven Secrets of the Ultra-Rich Exposed. BBC, Nov 4, 2017.

German Lopez, The Senate's Tax Plan Would Cut Alcohol Taxes. That Would Be a Public Health Disaster. Vox, Nov 15, 2017.

Cristobal Young, If You Tax the Rich, They Won't Leave: US Data Contradicts Millionaires' Threats. The Guardian, Nov 20, 2017.

Eric Levitz, Republicans Want You to Know They're for Corporations, Not the Middle Class. New York Magazine, Nov 24, 2017.

Hunter Blair, CEOs Agree: Corporate Tax Cuts Won't Trickle Down. The Hill, Dec 3, 2017.  "There is no evidence in recent American economic history, no evidence from international comparisons and no evidence from individual U.S. states that corporate tax cuts will boost the wages of American workers. This is a case we’ve been making for a while." See links.

Derek Thompson, This Is the Long Game of Republican Economics. The Atlantic, Dec 7, 2017.

Stephen Ohlemacher, AP Fact Check:  Blue High-Tax States Fund Red Low-Tax States.  Associated Press, Dec 9, 2017.  Andrew Van Dam and Linda Chong, Do Blue-State Taxes Really Subsidize Red-State Benefits?  Washington Post, Jul 7, 2023.  Very helpful analysis, charts.  “Eight of the 10 states that get the most money back from the federal government per dollar they pay into the system voted for Trump in 2020. Nine of the 10 states that got the least voted for Biden. The typical red state gets back 19 cents more for each dollar sent to Washington than its blue-state friends.”  Although this methodology was earlier contested by Skip Estes, legislative manager at the ALEC Center for State Fiscal Reform, we must consider the source as well as his objections.  Skip Estes, No, ‘Blue States’ Do Not Bail Out ‘Red States’.  The Hill, Jun 11, 2020.  Estes argues, for example, that the red-blue distinction by vote for President isn’t enough, and that federal deficit spending throws off the numbers.  On the former, state-level elections can also be problematic because of partisan gerrymandering that has generally favored Republicans.  On the latter, deficit spending can be assumed to be paid for in the future in the general proportions that states pay in today.  

Justin Fox, Must-Reads of 2017: Getting Serious About Land. Bloomberg, Dec 27, 2017.

Noah Smith, Land is Underrated as a Source of Wealth. Bloomberg, Jan 2, 2018.

Julia Belluz, The Case for a Junk Food Tax. Vox, Jan 17, 2018.

Thom Hartmann, How the GOP Used a Two Santa Clauses Tactic to Con America for Nearly 40 Years. Alternet, Feb 11, 2018.

BBC News, Trump Tax Reform Gives Buffet $29bn Boost. BBC, Feb 24, 2018.

Derek Thompson, Busting the Myth of 'Welfare Makes People Lazy'. The Atlantic, Mar 8, 2018.

John Oliver, Corporate Taxes. Last Week Tonight, Apr 15, 2018.

Aaron Tolbert, The Trump Administration Is Waging War On The Poor. Huffington Post, Apr 18, 2018.

Chris Pope, Degenerate Federalism. National Review, May 10, 2018.  Pope takes the question of Amazon's second headquarters back into taxation in law and practice

Mary Papenfuss, U.S. Companies Shelter 40 Percent Of Foreign Profits, Study Finds. Huffington Post, Jun 11, 2018.  Republican corporate tax cut won’t likely encourage the return of sheltered money to America 

PayScale, National U.S. Pay Trends. PayScale, Jul 10, 2018.  wage growth is -0.9% for Q2, 2018; accounting for inflation, wages have dropped 1.4% in the past year; since 2009, wages down 9.3% 

Annie Lowrey, Fixing America's Forgotten Places. The Atlantic, Jul 24, 2018.  Re: Trump's tax code incentives private capital investment into blighted urban areas like Fresno, California; an example of how conservative policies can preserve the illusion of "meritocracy"

David Doel, Ocasio-Cortez Makes Cuomo Look Dumb For 'How Do You Pay' Question. The Rational National, Aug 10, 2018.

The Young Turks, Betsy DeVos Caught Not Paying Taxes. The Young Turks, Aug 11, 2018.  re: DeVos' yacht, untied from an Ohio dock, was flying a flag from the Cayman Islands because DeVos skirted $11 million in taxes, not to mention wage regulation of workers on the yacht, by using the loophole created by and for the super-rich

Doug Bandow, Corporate Welfare Lives On and On. The American Conservative, Aug 29, 2018.

Owen Jones, We Don’t Want Billionaires’ Charity. We Want Them to Pay Their Taxes. The Guardian, Oct 26, 2018.

Matt O'Brien, The Trump Tax Cuts Were Supposed to Set Off an Investment Boom. They Haven't So Far. Washington Post, Oct 27, 2018. .  See also Jim Tankersley and Matt Phillips, Trump’s Tax Cut Was Supposed to Change Corporate Behavior. Here’s What Happened. New York Times, Nov 12, 2018. . See also Jim Tankersley and Matt Phillips, Trump’s Tax Cut Was Supposed to Change Corporate Behavior. Here’s What Happened. New York Times, Nov 12, 2018. . See also Matt Egan, Corporate America Gives Out a Record $1 Trillion in Stock Buybacks. CNN, Dec 17, 2018.  The December 2018 jobs report suggests some upside, see Glenn Kessler, Trump's Claim that Job Growth Is Due to Companies 'Moving Back'. Washington Post, Jan 10, 2019.    

Veronique De Rugy, Alexandria Ocasio-Cortez Is Right About Amazon’s Corporate Welfare. National Review, Nov 13, 2018.  and Lee Moran, Fox News’ Tucker Carlson Stuns Himself By Agreeing With Alexandria Ocasio-Cortez. Huffington Post, Nov 14, 2018.

Jim Tankersley, Amazon’s New York Home Qualifies as ‘Distressed’ Under Federal Tax Law. New York Times, Nov 14, 2018.

Kari Paul, Climate Change Has Cost the Government $350 Billion — Here’s What It Will Cost You. MarketWatch, Nov 24, 2018.  estimates $35 billion per year.  See also Rex Nutting, Calamitous Weather Destroyed $175 Billion of Wealth. MarketWatch, Nov 13, 2018.

The Young Turks, Alexandria Ocasio-Cortez Owns Biased '60 Minutes' Interview. The Young Turks, Jan 7, 2019.  On the proposal of the marginal tax rate being 70%, with good economic history of the pre-Reagan era, why the U.S. had the biggest economic expansion of any country ever, why a low tax rate encourages wealth extraction in the form of high executive pay as opposed to reinvestment in companies' infrastructure and wages.  See also Brian Tyler Cohen, Hannity Tries to Embarrass Alexandria Ocasio-Cortez, She Responds Brilliantly. Brian Tyler Cohen, Jan 24, 2019.  On Hannity’s exaggerated lies about AOC's proposal for a 70% marginal tax rate

Paul Krugman, How Much Does Heterodoxy Help Progressives? (Wonkish). The New York Times, Feb 12, 2019.  "Their agenda still needs to be tax-and-spend, not just spend"

Barbara Boland, Ignoring America’s Abyss of Debt. The American Conservative, Feb 15, 2019.  Regarding mostly public and federal debt.

John Horgan, House Revolt Against the Rich. Scientific American, Feb 18, 2019.  "Nobel laureates, a new congresswoman and others urge raising taxes on the ultrawealthy to counter surging inequality"

Catherine Rampell, The Biggest Lesson from Michael Cohen’s Explosive Testimony. Washington Post, Feb 28, 2019.  Give more funding to the IRS so it is more effective

Alvin Chang, A Better Way to Tax the Rich. Vox, Mar 5, 2019.  Re: Elizabeth Warren’s idea of taxing wealth.

Jane G. Gravelle and Donald J. Marples, The Economic Effects of the 2017 Tax Revision: Preliminary Observations. Every CRS Report, May 22, 2019.

Robert Reich, Where Your Tax Dollars Really Go. Robert Reich and Move On, Jul 30, 2019.  illustrates how the military is over 50% of federal discretionary spending; see also Robert Reich, The Military-Industrial Drain. Robert Reich and Move On, Jun 14, 2018.

William D. Cohan, Only the Fed Can Save Us. New York Times, Aug 31, 2019.  “In large part, the explosion of debt issuance has been driven by central-bank policies that have kept interest rates at historically low levels, in effect rewarding entities for issuing more and more debt. Interest payments on corporate debt are tax deductible, in most jurisdictions. We live in a world awash in debt. But that’s the risk we can see. There is plenty of additional risk hiding in the undisclosed obligations of private companies and in the “shadow banking system,” nonbank financial institutions that have sprung up in the past decade to hold the risk that the Federal Reserve insisted, after the 2008 financial crisis, that Wall Street avoid. So what would happen if interest rates did increase slightly, or if the economy dipped into a recession, and some of those overleveraged companies could no longer meet their interest payments? It wouldn’t be pretty.”

The Young Turks, Trump’s Newest Scam to Steal from the Poor and Give to the Rich. The Young Turks, Sep 4, 2019.  capital gains tax exemptions -- claimed by only 7% of the US population -- for reinvestment in “opportunity zones” that have no relation to poverty, but target high-income areas, often resulting in inflated high-end housing which sit vacant and reap a tax writeoff windfall. See Jesse Drucker and Eric Lipton, How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich. New York Times, Aug 31, 2019.  See also Paul Krugman, The Great Tax Break Heist. New York Times, Sep 2, 2019.  

The Young Turks, Trump’s Next Giveaway to the Rich. The Young Turks, Oct 9, 2019.  More corporate tax loopholes to off-shore locations, even though Trump’s last tax law brought only 3% of corporate money to U.S. shores to be taxed.

Annie Lowrey, Tax the Patriarchy. The Atlantic, Nov 13, 2019.  “The U.S. tax code helps entrench gender divisions. It doesn’t have to be that way.”

Justin Elliot, Jeff Ernsthausen, and Kyle Edwards, A Trump Tax Break To Help The Poor Went To a Rich GOP Donor’s Superyacht Marina. ProPublica, Nov 14, 2019.  “Wealthy donors Wayne Huizenga Jr. and Jeff Vinik lobbied then-Gov. Rick Scott for the lucrative tax break — and won it. Poorer communities lost out.”

Caitlin Yoshiko Kandil, How Local Governments Punish Poor People with Fines. Christian Century, Nov 22, 2019.  “When a parking ticket spirals into homelessness”

Heather Vogell, Trump Tax Records Reveal New Inconsistencies — This Time for Trump Tower. ProPublica, Nov 27, 2019.  “Documents show the president’s company reported different numbers — higher ones to lenders, lower ones to tax officials — for Trump’s signature building. Last month, ProPublica revealed a similar pattern in two other Trump buildings.” Chris Hayes, Trump Kept Two Sets Of Books For Trump Tower. All In | MSNBC, Nov 27, 2019.

Jason DeParle, The Tax Break for Children, Except the Ones Who Need It Most. New York Times, Dec 16, 2019.  “The child tax credit, begun in 1997 as a tax cut, has become an anti-poverty program. But more than a third of children don’t receive it because their parents earn too little.”

Lawrence O’Donnell, NYT Report Reveals Truth About President Donald Trump Tax Cuts. The Last Word | MSNBC, Dec 30, 2019.  The corporate behavior resulting from Trump’s poorly written tax law - it costed much more to the deficit and debt than what was promised

Nick Sibilla, The Court Case That Could Finally Take Down Antiquated Anti-Catholic Laws. The Atlantic, Jan 12, 2020.  “Thirty-seven states still have Blaine Amendments on the books. The Supreme Court now has a chance to get rid of them for good.” “Blaine Amendments weren’t truly devoted to the separation of Church and state. Instead, they were mainly focused on separating the Catholic Church and state. Although public schools are largely secular today, that wasn’t the case in the 19th century. Public or “common” schools typically instilled in their students a nondenominational form of Protestantism, requiring them to sing hymns, pray, and read from the King James Bible—in direct conflict with Catholic dogma.”

Jesse Drucker, Trump Tax Break That Benefited the Rich Is Being Investigated. New York Times, Jan 15, 2020.  “The Treasury Department’s watchdog said it was looking into the Opportunity Zone program, a multibillion-dollar tax break that is supposed to help low-income areas.”

Democracy Now, Report: Six Banks Reaped $18 Billion Last Year from Trump Tax Cuts. Democracy Now, Jan 17, 2020.

Brian Tyler Cohen, Kellyanne Conway Caught Mid-Lie, Called Out by Fox News Live on Air. Brian Tyler Cohen, Mar 8, 2020.  Facts about Trump’s 2020 budget cutting Social Security and Medicare, statements that he will cut those programs if re-elected, and hypocritical lying about Obama’s deficit vs. his

Emmanuel Saez and Gabriel Zucman, Jobs Aren’t Being Destroyed This Fast Elsewhere. Why Is That? New York Times, Mar 30, 2020.  “The government should impose excess profits taxes, as it has done several times in the past during periods of crisis. In 1918, all profits made by corporations above and beyond an 8 percent rate of return on their capital were deemed abnormal, and abnormal profits were taxed at progressive rates of up to 80 percent. Similar taxes on excessive profits were applied during World War II and the Korean War. These taxes all had one goal — making sure that no one could benefit outrageously from a situation in which the masses suffered. To help make this happen, the next bill needs an excess profits tax. If Congress fails to act, the pandemic could well reinforce two of the defining trends of the pre-coronavirus American economy: the rise of business concentration and the upsurge of inequality.”

Michael Harriot, Can Coronavirus Cure White Supremacy?. The Root, Apr 1, 2020.  includes a summary of tax policy, and how white supremacy turned against the high taxes of the New Deal after the Civil Rights Movement

Amanda Holpuch, Millionaires to Reap 80% of Benefit from Tax Change in US Coronavirus Stimulus. The Guardian, Apr 15, 2020.

Terry Gross, How The CARES Act Became A Tax-Break Bonanza For The Rich, Explained. NPR, Apr 30, 2020.  

Laura Davison, IRS Fails to Pursue Thousands of Rich Tax Cheats, Watchdog Says. Bloomberg News, Jun 1, 2020.  “The Treasury Inspector General for Tax Administration found that 879,415 high-income individuals who didn’t file returns cumulatively failed to pay $45.7 billion in taxes from 2014 to 2016 and that the agency hasn’t tried to collect from many of those taxpayers.” 

Richard V. Reeves and Christopher Pulliam, The Tax Cut for the Rich That Democrats Love. New York Times, Sep 7, 2020.  re: the state and local tax cap of $10k

David Sirota, Billionaire GOP Donor’s Firm Reports Sub-Zero Tax Rate. The Daily Poster, Sep 30, 2020.  “Blackstone’s Steve Schwarzman has spent nearly $25 million to help Trump & GOP Senators win the election, which would ensure the tax breaks enriching his private equity firm remain in place.”

Saagar Enjeti, Here's The Real Reason Trump's Losing, Despite Media's Lies. Rising | The Hill, Oct 30, 2020.  Trump’s lowest popularity rating was when he passed his massive tax cut

Libby Hattersley et.al., Taxes on Sugar-Sweetened Beverages: International Evidence and Experiences.  World Bank, Oct 2020.  

David Hope, Julian Limberg, The Economic Consequences of Major Tax Cuts for the Rich. International Inequities Institute, London School of Economics and Political Science, Dec 2020.  summarized by Craig Stirling, Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says. Bloomberg, Dec 15, 2020.  re: an 18 country study over 50 years. Aimee Picchi, 50 Years of Tax Cuts for the Rich Failed to Trickle Down, Economists Say. CBS News, Dec 17, 2020.  

Richard Wolff, We Must Tax Wealth in the Form of Stocks and Bonds, and Progressive Income Tax Rate. Democracy at Work, Feb 2, 2021.  “If you have a $100,000 house in a community in America, you pay a property tax to that town. If you sell that house and use the $100,000 to buy $100,000 worth of stock in some company, you know what your property tax is? Zero. There is no property tax on stocks and bonds. And who owns the bulk of stocks and bonds in our society? Here's the answer: the 10% at the top own 80% of the stocks. This is an enormous tax exemption for people who qualify for it, because they're rich enough to buy stocks and bonds, which most Americans aren't. The inequality and the injustice of this tax system is stupefying.”

Davarian Baldwin, In the Shadow of the Ivory Tower: How Universities Are Plundering Our Cities.  Bold Type Books, Mar 2021.  See interview by Christine Amanpour, How Ivy Leagues Are "Plundering Our Cities" - Davarian Baldwin Explains. Amanpour and Company, Apr 27, 2021.  See also Davarian Baldwin, The Rise of the UniverCity.  Jacobin Magazine, Sep 2, 2021.  

Christopher Berry, Reassessing the Property Tax. University of Chicago, Mar 1, 2021. . See summary by Christopher Ingraham, Homes in Poor Neighborhoods Are Taxed at Roughly Twice the Rate of Those in Rich Neighborhoods, Study Shows. Washington Post, Mar 12, 2021.  “The methods cities use to assess property values skew the final effective tax rates dramatically, according to a review of 26 million home sales” “Homeowners in America’s poorest neighborhoods face effective property tax rates roughly double those levied on the richest ones, according to a massive new study by a University of Chicago researcher. In theory, all homeowners in a given jurisdiction are subject to the same property tax rate, regardless of home value. But the methodology cities use to assess property values skews the final effective tax rates dramatically: Some homes are assigned considerably lower assessments than their actual market prices, while others are given much higher valuations.”

Ben Steverman, A Tax Code Optimized for White Wealth Leaves Black Americans Behind. Business Insider, Mar 10, 2021.  “With The Whiteness of Wealth, Brown has turned a notoriously boring topic into a surprisingly accessible and lively 288-page book, relying on examples from real families, including her own, to guide readers through the intricacies of a tax code provisioned for just about every milestone in a person’s life—education, marriage, homeownership, childbearing, death and inheritance. Generations of lawmakers have optimized the system for White people, she argues, with the result that in the U.S.’s supposedly progressive and race-neutral tax code, Black people end up paying more than White people with the same incomes.”

Chye-Ching Huang, How Biden Funds His Next Bill: Shrink the $7.5 Trillion Tax Gap. New York Times, Mar 10, 2021.  “The I.R.S. is often unable to detect or fight blatant tax cheating by the rich and big businesses. Restoring the missing revenue is a solution that pays for itself.”

Krystal Ball and Saagar Enjeti, Michael Tubbs: Groundbreaking UBI Experiment Has Stunningly Good Results. Rising | The Hill, Mar 11, 2021.  Michael Tubbs is mayor of Stockton, CA

Krystal Ball and Saagar Enjeti, Katie Porter Eviscerates Lying Oil Executive. Rising | The Hill, Mar 12, 2021.  tax policy of exempting 70% of all drilling costs

Elizabeth Bruenig, Why Are We Worrying About Women’s Work?. New York Times, Mar 19, 2021.  “Commenters on the right and left are concerned that the child tax credit in the American Rescue Plan Act — up to $3,600 for children 5 and under, and up to $3,000 for kids 6 to 17 — will discourage women from working outside the home.” Includes important labor law history protecting working mothers from the 1970s.

Dorothy Brown, The Whiteness of Wealth: How the Tax System Impoverishes Black Americans--and How We Can Fix It. Crown | Amazon page, Mar 2021.  Examines many aspects of the tax code, as well as tax code history, to show that the tax code privileged life situations of white Americans. See also Ryan Grim, Race and Taxes. The Intercept, Jun 4, 2021.  “If Joe Biden is serious about tackling the racial wealth gap, Emory law professor Dorothy Brown says he should start with the tax code.” Excellent highlights of Dorothy Brown’s book.

Robert Reich, What if We Actually Taxed the Rich? Robert Reich, Apr 1, 2021.  A 6 minute video explaining various steps to raise tax revenue

Patricia Cohen, No Federal Taxes for Dozens of Big, Profitable Companies. New York Times, Apr 2, 2021.  “FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.” “Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions of dollars in profits.”

John Oliver, The National Debt. Last Week Tonight, Apr 5, 2021.  A 30 minute video which can serve as a good introduction to the economics and political history of the national debt

Saagar Enjeti, Dan Crenshaw's Idiotic Argument Against Stimulus Checks On Joe Rogan. Rising | The Hill, Apr 7, 2021.  money in your pockets due to tax cuts vs. money in your pockets due to stimulus checks — a difference?

Daniel Marans, New York Raises Taxes On The Rich As State Shifts Leftward. Huffington Post, Apr 11, 2021.  “New York’s overwhelmingly Democratic state legislature passed a budget for the 2022 fiscal year that will raise $4.5 billion in taxes on millionaires and corporations to fund economic relief for undocumented immigrants, schools and housing assistance.”

Saagar Enjeti, Inside Ultra-Wealthy Freakout Over Slightly Higher Taxes. Rising | The Hill, Apr 28, 2021.

Matt Stoller, One Benefit of Biden's Capital Gains Tax Hike: Fewer Mergers. Matt Stoller Substack, Apr 28, 2021.  “Joe Biden's tax changes would slow the merger boom, if it passes. And it would hit private equity particularly hard.”

The Young Turks: Ben Shapiro: Tax the Poor!. The Young Turks, Apr 30, 2021.  highlight how right-wing media outlets claim that the poor don’t pay their fair share based on “net federal income taxes”

Sarah Anderson and Sam Pizzigati, Pandemic Pay Plunder. Institute for Policy Studies, May 2021.  See also summary by Jake Johnson, Report Reveals How Big Corporations Rigged Rules to Boost Pandemic Pay of CEO’s as Workers Suffered. Alternet, Common Dreams, May 11, 2021.  How the Tax Excessive CEO Pay Act could address this by tethering CEO pay to lowest worker pay to a ratio of 50 to 1. Companies that do not will be subject to major corporate tax penalties.

H. Luke Shaefer and Kathryn J. Edin, A Simple Approach to Ending Extreme Poverty. The Atlantic, Jun 2021.  “Buried deep in the latest pandemic stimulus package is a transformative idea for helping families.”

Krystal Ball and Saagar Enjeti, Fox Host Called Out Live for Lying to Viewers About Tax Enforcement On Rich. Rising | The Hill, May 24, 2021.

Jesse Eisinger, Jeff Ernsthausen, and Paul Kiel, The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax. ProPublica, Jun 8, 2021.  outstanding analysis as well as history of federal taxes. See also Krystal Ball and Saagar Enjeti, Secret Docs Reveal Billionaires Paid Nothing In Taxes. Breaking Points, Jun 10, 2021.  a 13:30 min video making it digestible. See also Second Thought, How Billionaires Pay Less In Taxes Than You. Second Thought, Jun 18, 2021.  “buy, borrow, die.” See also Abigail Disney, I Was Taught From a Young Age to Protect My Dynastic Wealth. The Atlantic, Jun 2021.  “A common ideology underlies the practices of many ultra-wealthy people: The government can’t be trusted with money.”

Ryan Grim and Emily Jashinsky, Matt Stoller: It’s Time To Break Up The Ivy League Cartel. Rising | The Hill, Jun 11, 2021.  on the problem with endowments and power; the struggles of lower to middle tier colleges; the comparison between the Ivy Leagues with the great land-grant universities that were the result of Reconstruction. Includes the idea of taxing the endowments.

Anis Chowdhury and Jomo Kwame Sundaram, Powerful States Push Tax Race to the Bottom. Inter Press News Agency, Jun 15, 2021.  “On 5 June, the Group of Seven largest rich countries -- G7 -- agreed that TNCs should all pay GMCIT of at least 15%. This rate is just over half President Biden’s promise of a 28% US CIT rate during last year’s election campaign. The G7’s 15% GMCIT rate is also almost 30% less than US Treasury Secretary Janet Yellen’s 21% proposal. Her proposal was aligned with Trump’s much reduced CIT rate, rather than Biden’s 28% vow. Unbelievably, this cut rate has been hailed as a “game changer” by the new Australian Organization for Economic Co-operation and Development OECD chief and the UK Chancellor of the Exchequer, among others.”

Walker Bragman, Nothing Is More Important Than You Paying Them. The Daily Poster, Jun 23, 2021.  “Governments are hiring private debt collectors exempted from key rules — and the collectors are profiting off Americans’ $27 billion of court debt.” “States and municipalities are increasingly relying on court fees as revenue streams, creating at least $27.6 billion in debt for Americans. To handle that debt's collection, those states and municipalities, and even the IRS, are increasingly turning to private firms, which can add up to 40 percent surcharges onto the fees.”

Jonathan Swan and Alaina Treene, GOP Tax Attack. Axios, Jul 1, 2021.  “Republican senators are rallying against one of the main ways President Biden wants to pay for his infrastructure deal — a $40 billion infusion to help the Internal Revenue Service collect $100 billion more in taxes.”

Madeline Marshall, How the Rich Avoid Paying Taxes. Vox, Jul 8, 2021.  capital gains taxes, explained

Cody Johnston, The Racist History of Austerity Politics In America. Some More News, Jul 19, 2021.  also called “Racism and Capitalism - A Love Story” starting with Reconstruction and the Southern resistance to taxes and black empowerment; the argument was “fiscal responsibility” based on the interests of “the taxpayer.”

Second Thought, How The US Should Have Spent The Afghanistan War Budget. Second Thought, Aug 27, 2021.  considers how the $2.26 trillion from 2001 - 2021, or $300 million per day for 20 years.

Ryan Grim, Kim Iversen, and Robby Soave, Top 1% Richest Owe $136 Billion In Taxes, Receive Over 80% Of Trump's Tax Cuts. Rising | The Hill, Sep 9, 2021.  comment on the politics of Republicans defunding the IRS, and its impact. The IRS lost staff while population and complexity grew due to Affordable Care Act. So they wind up regulating and suing ordinary people more than rich people.

Noam Scheiber, Can a Green-Economy Boom Town Be Built to Last?. New York Times, Sep 13, 2021.  “In recent years, makers of electric vehicles and their components, like Tesla, Lucid Motors and Lordstown Motors, have collectively spent billions building or renovating factories in Nevada, Texas, Arizona and Ohio. The challenges are enormous, given that few of these companies have brought a vehicle to market. But if some succeed, the impact could be maNew York Times greater than the thousands of manufacturing jobs they create directly.” Is there any wisdom to abolishing corporate taxes at the city and state level, and just having one uniform national corporate tax rate? It seems like letting city and state fortunes depend on corporate fortunes is bad. Plus, letting cities and states compete for jobs by bidding down corporate tax rates leads to a race to the bottom.

Emily Cochrane, House Democrats Outline Tax Increases for Wealthy Businesses and Individuals. New York Times, Sep 13, 2021.  Contains good detail. “The draft proposal includes raising the corporate tax rate to 26.5 percent for the richest businesses to help pay for President Biden’s sweeping expansion of the social safety net.” Recall that President Trump hit his lowest approval rating when he passed his tax cut.

Alex Hemingway, Robust Wealth Tax Could Raise $363B Over 10 Years. Policy Note, Sep 14, 2021. Hemingway analyzes Canada’s current wealth inequality and a tax proposal. He compares his proposal to the Sanders and Warren proposals for the U.S., which include an exit tax on billionaires who flee the country. The reason is that the country where the wealth was made has contributed to the wealth.

Ari Melber, Hypocritical GOP Pushes ‘Socialism’ Narrative While Pushing For Corporate Tax Cuts. The Beat | MSNBC, Oct 1, 2021.  points out that the GWBush tax cut cost $1.5 trillion, the Trump tax cut cost $1.9 trillion, and the post 9-11 war spending cost $8 trillion. On Sep 23, 2021, Congress passed an annual Pentagon budget of $768 billion, which would be $7.6 trillion over 10 years.

Emilia Díaz-Struck, Delphine Reuter, Agustin Armendariz, Jelena Cosic, Jesús Escudero, Miguel Fiandor Gutiérrez, Mago Torres, Karrie Kehoe, Margot Williams, Denise Hassanzade Ajiri and Sean McGoey, The Pandora Papers: An Offshore Data Tsunami. International Consortium of Investigative Journalists, Oct 3, 2021.  See summaries by Michael Liedtke and Jonathan Mattise, Leaked ‘Pandora’ Records Show How the Rich and Powerful Hide Trillions of Dollars in Assets. Associated Press, Oct 4, 2021.  and Ryan Grim and Robby Soave, Financial Secrets Revealed: Pandora Papers Unveil Offshore, U.S. Tax Havens For Rich & Powerful. Rising | The Hill, Oct 4, 2021.

Amber Ruffin, Why Rich People Are The Reason America Is Broke. The Amber Ruffin Show, Oct 15, 2021.  catching rich tax evaders could fund the government, but the IRS audits lower-income people, in the poorest counties, instead. People who claim the Earned Income Tax Credit — the working poor — are more likely to get audited than people making 20x as much. Cites Paul Kiel and Hannah Fresques, Where in The U.S. Are You Most Likely to Be Audited by the IRS? ProPublica, Apr 1, 2019.  to show the overwhelming correlation between counties the IRS audits and counties that are more non-white. Also cites Michael Harriot, Racism by the Numbers: How the Internal Revenue Service Targets Poor Black Taxpayers. The Root, Apr 11, 2019.

Judd Legum and Tesnum Zekeria, Banks Engaged in Multi-Million Dollar Lobbying Effort to Protect Wealthy Tax Cheats. Popular Information, Oct 21, 2021.  “The Biden administration is proposing a simple fix to catch wealthy tax cheats. It would require banks to report to the IRS accounts with more than $10,000 annually in deposits and withdrawals. But the banking industry has launched a multi-million dollar lobbying campaign to defeat the proposal.  Banks have attempted to justify this under the guise of protecting "customer privacy." But most of their customers already have their precise income reported to the IRS.”

Ryan Grim, A Wild Tax Strategy Called “Buy, Borrow, Die” Saves Elon Musk Billions. Rising | The Hill, Oct 27, 2021.

Team Rising, GOP Halloween Ad Spooks Viewers With Dem's Plan To Make IRS SPY On Transactions More Than $600. Rising | The Hill, Oct 31, 2021.  Ryan Grim and Nomiki Konst have informative comments

Johnny Harris and Binyamin Applebaum, Liberal Hypocrisy is Fueling American Inequality. Here’s How. New York Times Opinion, Nov 9, 2021.  Looks at blue states. CA, WA, NY, IL and the failure to act on housing, taxes, and education. Uses Palo Alto, CA as an example of NIMBYism and rezoning for lower density neighborhoods.

David Doel, 'SALT' Turns Biden's Budget Bill Into A Joke. The Rational National, Nov 17, 2021.

Tonantzin Carmona, Inequitable Fines and Fees Hurt Vulnerable Communities. Now, Policymakers Have an Opportunity for Reform. Brookings Institute, December 17, 2021.

William G. Gale, Swati Joshi, Christopher Pulliam, and John Sabelhaus, Revenue and Distributional Effects of Untaxed Business Income. Brookings Institute, December 21, 2021. “A major finding of our forthcoming work is that more than half of the income generated by closely held businesses. that is, businesses other than corporations) is untaxed. This discrepancy between earned and taxed income is due to some combination of tax rules, taxpayer avoidance strategies, and outright evasion of liabilities.”

William G. Gale, Swati Joshi, Christopher Pulliam, and John Sabelhaus, How Much Economic Income Shows Up On Tax Forms? Brookings Institute, December 21, 2021.

Krystal Ball and Saagar Enjeti, Biden Pushes Billionaire Tax For Deficit Reduction.  Breaking Points, Apr 4, 2022.  Krystal is for the billionaire tax.  Enjeti argues that people should not be allowed to leverage massive loans against unrealized asset gains, and that heirs should be taxed by changing the step-up basis.

Associated Press, Canada Bans Foreign Home Buyers for Two Years to Cool Market.  Star Examiner, Apr 7, 2022.  Shows the home-buying policies could be geared to serve citizens and immigrants, centering labor and families.

Paul Kiel, Ash Ngu, Jesse Eisinger and Jeff Ernsthausen, America’s Highest Earners And Their Taxes Revealed.  ProPublica, Apr 13, 2022. “Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes. Tech titans, hedge fund managers and heirs dominate the list, while the likes of Taylor Swift and LeBron James didn’t even make the top 400.”  See Lauren Aratani, Wealthiest Americans Pay Just 3.4% of Income in Taxes, Investigation Reveals.  The Guardian, April 13, 2022.

CNBC, How Companies Like Amazon, Nike and FedEx Avoid Taxes.  CNBC, Apr 14, 2022.  

David Doel, Bernie Sanders Shreds ‘Chips Act' In Incredible Speech.  The Rational National, Jul 26, 2022.  The CHIPS Act is important to increase domestic production of semiconductors, which Bernie supports.  The US Senate voted 64 - 32 to advance the bill.  All Democratic Senators voted in favor.  Independent Vermont Senator Bernie Sanders, however, voted against it because of the tax breaks given to semiconductor companies.  What tax breaks?  The CBO projects that the CHIPS Act will increase deficits by $79 billion over 10 years.  If a bill is designed to help working people, or even bring infrastructure jobs, and then increase the deficit, it would be denounced by most Senators, including all Republicans and also Joe Manchin (D-WV), and the corporate media.  Bernie accurately called this “corporate welfare.”  Bernie proposed changes to the CHIPS Act which would have prohibited these companies from offshoring jobs, buying back their own stock, and cracking down on unionization efforts; but these changes were rejected from the bill itself. Even more outrageous is that the semiconductor companies are profitable enough that they can make these investments themselves.  Over the last 20 years, the industry has shut down over 780 manufacturing plants and other establishments in the US, moving 150,000 American jobs overseas, after receiving federal grants and loans much smaller than the CHIPS Act.  So the crisis is caused by the corporations themselves.  And they are demanding that they get a blank check to get even more cash.  Compare that to putting “means testing” and other requirements on working people when it comes to “entitlements.”  Finally, Nancy Pelosi’s husband, Paul Pelosi, a successful investor, just bought millions in Nvidia stock.  Incredibly, Nancy Pelosi (D-CA) denied that she tells her husband anything about legislation that might impact companies’ stock prices.

Robert Reich, Gas Companies Owe You Money -- Here’s How You Can Get It. Robert Reich, Aug 2, 2022. Reich gives a data-driven analysis of price gouging. He advocates a Windfall Profits Tax that would rebate consumers.

Krystal Ball and Saagar Enjeti, How Sinema Bailed Out Private Equity Billionaires At Last Minute. Breaking Points, Aug 8, 2022. Krystal and Saagar analyze the Inflation Reduction Act of August 2022, which just passed the Senate 51-50. Kyrsten Sinema’s carveout for private equity firms means that private equity now has a tax advantage, which will feed its power. Also, the Bush 2 tax cut and Trump tax cut were preserved, which further entrenches the power of the wealthy.

David Sirota, The Wall Street Vote That Screamed The Quiet Part Out Loud.  The Lever, Aug 9, 2022.  “The seven Democrats who joined the GOP to give private equity firms that $35 billion gift were: Sens. Kyrsten Sinema and Mark Kelly of Arizona, Raphael Warnock and Jon Ossoff of Georgia, Jacky Rosen and Catherine Cortez-Masto of Nevada, and Maggie Hassan (N.H.).”  Briahna Joy Gray, Corrupt Chuck’s Inflation Deceit Exposed.  Rising | The Hill, Aug 10, 2022.  Gray analyzes Bernie Sanders’ critique, and the Democratic Party’s ignoring of Bernie’s policy amendments.  Chuck Schumer and the Democratic Senators hid behind the Senate Parliamentarian, an advisory role.

Oxfam Policy and Practice, Carbon Billionaires: The Investment Emissions of the World’s Richest People.  Oxfam International, Nov 7, 2022.  This is a 32 page report.  See summary by Oxfam International, A Billionaire Emits a Million Times More Greenhouse Gases Than the Average Person.  Oxfam International, Nov 7, 2022.  Amy Goodman, “Carbon Billionaires”: Oxfam Calls for Taxing Rich Who Profit from Emissions Fueling Climate Crisis.  Democracy Now, Nov 11, 2022.  125 billionaires produce CO2 output equal to France.

TRAC IRS, IRS Audits Few Millionaires But Targeted Many Low-Income Families in FY 2022. TRAC IRS, Jan 4, 2023.

Amanda Nettles, Saving Black Homes Lost to Tax Inequity.  Boston Globe, Feb 22, 2023.  “A decades-old practice of selling tax debt is still causing families to lose their homes.”  “Losing one’s home because of unpaid taxes hurts not only homeowners and their families but entire communities, according to University of Chicago Prof. Chris Berry, and Max Schmidt, authors of “Selling Distress: How the Tax Foreclosure System Exacerbates Disinvestment in Cook County Communities.”  Investors who buy foreclosed properties frequently sit on them and aren’t given incentives to reinvest or maintain those homes, until they deteriorate, according to a 2022 University of Chicago study examining how 13 cities handle tax delinquency. This cycle contributes to neighborhood decay and exists in places such as Detroit, Los Angeles, Phoenix, and Columbus, Ohio.”

Ben Meiselas, Kevin McCarthy Big Mishap on Live TV Exposes GOP Destructive Plan.  Meidas Touch, Mar 29, 2023.  On the debt ceiling, McCarthy admitted, “the federal budget has nothing to do with the debt ceiling.”  That is after he said, in 2017 in the Trump administration, that they had to raise the debt ceiling to pay for things that were already spent.  This is a disingenuous flip-flop.  Similarly, many GOP lawmakers say that more guns will make us safer.  That is untrue.  It would be more honest to say that high rates of gun deaths are simply the cost of having little to no controls on gun sales, like registration and background checks.

Amy Goodman and Juan Gonzalez, "Poverty, by America": Author Matthew Desmond on How U.S. Punishes the Poor & Rewards the Wealthy. Democracy Now, Apr 18, 2023. Highlights that the mortgage interest deduction is about twice the amount that goes to housing assistance. Desmond also points out successful economic programs like the child tax credit and financial assistance during the COVID pandemic. “A new study published in the Journal of the American Medical Association finds that poverty is the fourth-greatest cause of death in the United States. Roughly 500 people die from poverty in the U.S. every day. Our guest, sociologist Matthew Desmond, is the author of the new book, Poverty, by America, the follow-up to his Pulitzer Prize-winning book Evicted: Poverty and Profit in the American City. "There's so much poverty in America, not in spite of our wealth, but because of it," says Desmond in an in-depth interview.”

Franziska Mager and Sergio Chaparro-Hernandez, Delivering Climate Justice Using the Principles of Tax Justice.  Tax Justice Network, Jun 22, 2023.  This position paper presents a range of tax policies to meet some of the challenges facing the climate justice movement.

Adam Conover, The Real Cause of Poverty with Matthew Desmond - Factually! - 215.  Adam Conover, Jun 23, 2023.  “The United States is one of the wealthiest nations on the planet, so why is it that our poverty rates surpass those of so many other countries? In this episode, sociologist Matthew Desmond shares a hard truth with Adam: we are constantly reinforcing wealth inequality in invisible ways. The good news is that we're capable of divesting from the ways we may inadvertently contribute to the system.” In short, it’s because the rich are dependent on the government. The lesson is to get the rich off government welfare.

Deutsche Welle, A System for the Rich? Tax Avoidance Could Cost Governments $5 Trillion in Next Decade.  DW Business, Jul 25, 2023.  “Tax avoidance will cost the world nearly $5 trillion over the next decade. That's the conclusion of a new report by the Tax Justice Network, a campaign group calling for global tax reform. According to its research, the use of tax havens by multi-nationals and wealthy individuals deprives countries of $472 billion in tax revenue every year. To put that into perspective, that is more than the entire world spends on public health annually. DW Business spoke to Alex Cobham, chief executive at the Tax Justice Network about why attempts to reform the tax system have so far failed and why his organization wants responsibility to move from the OECD to the UN.”  See Mark Bou Mansour, World to Lose $4.7 Trillion to Tax Havens Over Next Decade Unless UN Tax Convention Adopted, Countries Warned.  Tax Justice Network, Jul 25, 2023.  See also State of Tax Justice 2023.  Tax Justice Network, Jul 25, 2023.  

Strong Towns, How Our Property Tax System Robs The Poor to Pay For The Wealthy. Strong Towns, Sep 8, 2023. In 1873 in NY state, property assessors inspect the local property tax rolls. They found that poorer neighborhoods and homes are assessed at high values and therefore pay higher property taxes proportionally, whereas richer neighborhoods and homes are assessed at a low level. This study starts in Asheville, NC. See also Richard Wolff, The Property Tax Scandal in The US. Richard D. Wolff, Dec 11, 2011. Why is “property” defined only as land and a house? What about other types of property? What about stocks and bonds? The US used to tax stocks and bonds.

Emma Vigeland, Republican Stunned By Simple Answer To His Childcare Question. The Majority Report, Sep 25, 2023. “Republican Senator John Kennedy asked a panel of experts on childcare policy how they expect the US government to fund expanded childcare for parents since the COVID pandemic. Economist Kathryn Anne Edwards notes that government revenue comes from taxes, so the idea should be to raise taxes, and that the $2 trillion dollar tax cuts for the wealthy that have passed through Congress in the last 20 years have done nothing to make childcare more affordable.”

Andrew Van Dam, How Inheritance Data Secretly Explains U.S. Inequality.  Washington Post, Nov 10, 2023. 

David S. Mitchell, Six Years Later, More Evidence Shows the Tax Cuts and Jobs Act Benefits U.S. Business Owners and Executives, Not Average Workers. Equitable Growth, Dec 23, 2023. See Christine Dobridge, Patrick Kennedy, Paul Landefeld, and Jacob Mortenson, The TCJA and Domestic Corporate Tax Rates. Board of Governors of the Federal Reserve System, Dec 2023.

The Financial Diet, How the Wealthy Gaslight America. The Financial Diet, Dec 27, 2023. Covers class privilege in various areas:  The myth of the American dream; stealth wealth; Ivy League universities; rich people’s tax advantages; rich people’s leverage on laws; the Ivanka effect, or when identity politics fail; poverty and race; why money makes people more conservative.

Poly Matters, The Strange, Broken Economics of Ireland.  Poly Matters, Dec 29, 2023.  How Apple and other companies use shell companies in Ireland and elsewhere to avoid taxes.

Johnny Harris, There’s a Tax Season Villain, and It’s Not the I.R.S. New York Times Opinion, Feb 7, 2024. Turbotax/Intuit lobbied Congress.

Helen Santoro, Ending The Ivy League’s Tax Dodge. The Lever, Feb 26, 2024. “As efforts mount to finally tax private universities’ massive endowment funds, wealthy institutions are fighting back.”

Lucy Dean Stockton and Helen Santoro, CEOs Got Raises As They Cut Workers’ Pay. The Lever, Apr 18, 2024. “CEO pay at many of America’s largest companies is skyrocketing while those executives slash the median pay for their workers, according to new government filings. The revelation comes as congressional lawmakers consider new legislation that would raise corporate taxes on companies with a wide CEO-to-worker pay gap. A new report from the corporate research firm Equilar found that last year, executive compensation packages at some of the country’s largest companies increased by just over 11 percent.” “A version of this tax exists in Portland, Oregon. San Francisco voters also passed a CEO tax in 2020, which has since generated $137 million for the city… In 2022, a nationwide survey found that 75 percent of Democrats and 62 percent of Republicans support capping CEO pay relative to worker pay, up from 66 percent of Democrats and 52 percent of Republicans in 2016.” 

Black Real Estate Dialogue, These States Want to Eliminate Property Taxes. Black Real Estate Dialogue, Jun 27, 2024. Spotlights the problem of soaring property values causing soaring property taxes.

Chris Hayes: ‘Sheer Insanity’: Chris Hayes Slams Trump for Not Understanding His Own Economic Plan. All In | MSNBC, Sep 18, 2024. Quotes from Gabriella Beaumont-Smith, Do No Harm: Tariffs and Quotas Hurt the Homeland. Heritage Foundation, May 30, 2019.

Wall Street Journal, Why Economists Hate Trump's Tariff Plan. Wall Street Journal, Oct 17, 2024.

Katya Schwenk and Lucy Dean Stockton, Musk Could Reap Huge Tax Gift From Trump Win. The Lever, Oct 22, 2024.

Morning Joe, Steve Rattner: Trump’s Mass Deportation and Trade War Plans Will Tank the Economy. Morning Joe | MSNBC, Oct 24, 2024.

 
 

Christian Restorative Justice, Business, and Economics: Topics:

This section on Economics includes the following pages: Economics Metrics identifies and critique the metrics we use. Public-Private Partnerships defends government involvement as a permanent fixture of economic growth, historically and philosophically. Environment examines many aspects of conservation, climate change, sustainability, and human health. Taxes examines models of taxation, claims by adherents, and effects. Housing Policy highlights how housing should be considered a human right, with better planning, zoning, and accountability. Corporate Law examines monopoly, limited liability, regulation, and other features of business law. Labor highlights the importance of labor over capital investment. Automation examines the impact on people and communities. Wealth Inequality and Power Inequality track the historical ups and downs, along with the ideologies used to justify them. Media examines media companies as economic and political agents, especially rightward media.

 
 

Christian Restorative Justice Critique of the Right: Domestic Policy Topics:

This page is part of our section Critique of the Right, which engages the following topics: Banking and Finance examines the economic and political power of financial institutions; Bioethics discusses abortion policy; Business and Economics examines economic theories, taxes, housing, environment, corporate law, labor law, automation, and inequalities of wealth and power; Civil Unions makes the Christian case for civil unions for all and removing marriage from the culture wars; Criminal Justice examines crime statistics and definition, policing, prosecution, sentencing, prisons, and reintegration; Education examines public education and conservative resistance to it; Environment and Health highlights the many challenges we face related to animals, climate change, food, and health systems; Government Corruption spotlights political compromises and dealings contrary to the public good; Gun Rights examines gun policies and rhetoric; Media spotlights failures of, and possible fixes to, left-wing or left-leaning media; Power and Politics highlights the impact of racial considerations and racism on political campaigns, voting rights, public investments, and other political procedures; Race examines the impact of white supremacy on virtually every aspect of American life.

 
 

Critique of the Right: Philosophical Influences: