Taxes

Another major employer has decided to join the long list of companies moving jobs from California to more business-friendly states. This time, it's $12 billion titan Jacobs Engineering, which is moving its "corporate operations," almost definitely meaning its headquarters, from Pasadena to Dallas, Texas. Press reaction, especially outside of business-oriented outlets, has ranged from nonexistent…

Disney’s CEO apparently doesn’t sing “Hakuna Matata” when reviewing his company’s taxes. The Walt Disney Company CEO Bob Iger slammed the U.S. tax system as “ridiculously complex,” and said the country’s high corporate rate was “anti-competitive.”

President Obama and GOP House Speaker Paul Ryan want to expand it. Tax preparation companies and illegal immigrants are cashing in on it. Fraudsters have found bottomless ways to exploit it. The earned income tax credit, a bipartisan-supported "anti-poverty" benefit, is robbing honest, law-abiding Americans blind.   

Appearing as a guest on Thursday's New Day on CNN, New York Times columnist Thomas Friedman defended his most recent column arguing that the various "fibs" told by Hillary Clinton are not as bad as "giant whoppers" told by Donald Trump as he suggested the Democratic nominee is the preferable choice for President.

Joy-Ann Reid, host of the new weekend morning program AM Joy, has yet to pay off a $4,948.15 tax warrant that drew a great deal of attention during 2015. The same is true for fellow MSNBC host Rev. Al Sharpton, who owes nearly $600,000 for two tax warrants listed by the New York state government. According to an article posted Tuesday by investigative journalist Evan Gahr of the Daily Caller…

Our public schools have for decades served not as education facilities - but as social services and indoctrination centers.  From which the average graduate can’t read the diploma they're handed - but they can roll a condom on a banana.  Where people are brainwashed into preferring failed-everywhere socialism over wealth-producing capitalism - but are blithering, blinkered boobs when asked why…

Angry, embarrassed Republicans went looking for a scapegoat and settled on a man who’s more than a decade past the normal retirement age. That’s essentially the explanation The Week’s Paul Waldman gives for House GOPers’ move to impeach 76-year-old Internal Revenue Service commissioner John Koskinen. That effort, asserted Waldman in a Tuesday column, stems from Republicans’ “frustration over the…

Three offensive elements pervaded the Associated Press's Monday coverage of Hillary Clinton's statement that she will put her husband "in charge of revitalizing the economy." The first was how AP reporters Lisa Lerer and Catherin Lucey decided to resurrect the infamous "2-for-1 offer" then-presidential candidate Bill Clinton campaigned on in 1992 — an especially weak move, given its real-world…

In an analysis for the front page of Wednesday’s New York Times business section, Eduardo Porter trumpeted that the real issue ailing the American economy and impeding on its improvement is the lack of mass government jobs programs similar to its “large and underappreciated role in reshaping” the country during the 19th and 20th centuries. 

During a discussion of GOP presidential candidate Donald Trump indicating that he was willing to negotiate over both taxes and the minimum wage, and possibly end up raising taxes on the wealthy, CNN's Wolf Blitzer on The Situation Room praised the GOP candidate for having a willingness to compromise, unlike "some very conservative Republican hardliners."

In March of 2013, the Republican National Committee issued what soon became known as the “autopsy report,” which discussed how the party might improve its chances of winning presidential elections. Last Thursday in The Atlantic, reform conservative (or former conservative) Frum provided the GOP with a sort of pre-autopsy document that it might consult after Donald Trump’s “almost certain failure…

On Thursday, shortly after the government estimated that the economy only grew at an annual rate of 0.5 percent in this year's first quarter, Jeffry Bartash at Marketwatch.com commented on the especially weak performance in nonresidential business investment. That category subtracted 0.76 points from GDP, the worst result since the second quarter of 2009, during the recession. Bartash,…

New York magazine’s Jonathan Chait admires Bernie Sanders’s willingness (eagerness?) to raise taxes so as to “finance the kind of social benefits American liberals would prefer.” That’s why Chait is disappointed that Sanders opposes Philadelphia’s proposed three-cents-per-ounce tax on sugar-sweetened drinks, revenue from which would fund citywide pre-kindergarten and other programs. In a Tuesday…

Just in time for tomorrow's first-quarter economic growth announcement from the government, Bloomberg Businessweek's Economics Editor is telling readers: "Don't Sweat America's Upcoming Microscopic GDP Growth." Besides, Peter Coy writes, people need to get used to the supposedly inescapable fact that "Normal growth for the U.S. economy is just a lot lower than it used to be." Americans shouldn't…