The Parallel Parliament

by Glen Pearson

Posts tagged “tax cuts

Inequality in the Fast Lane

Posted on December 14, 2017

In the midst of all the election hubbub following the stunning Democratic Senate win in Alabama, one Republican congressman used the occasion to call on the Republican Party to dump Steve Bannon, one of the early architects of Trump’s presidency. Congressman Peter King is worried over where his own party is headed in recent weeks and although his speaking out against Bannon raised a lot of eyebrows, it was something he said only a couple of weeks earlier that carries much more significance. While the Republican tax cut plan was heralded by some in Washington, King was flummoxed by the nonsensical hurry to get it passed when it was, in fact, the deepest cut in corporate taxes seen in decades. “You’re rewriting a tax…

Never Again Just Happened

Posted on December 5, 2017

As decisions go, the passing of the Republican tax cut bill could have the most profound consequences for any nation having economic relations with the United States, including, and perhaps especially, Canada. Nobel Prize winner and New York Times columnist Paul Krugman wrote of how all the lies surrounding the initiative, “show the rot spreads wide and deep,” in the GOP. Krugman isn’t without his many critics, but there was something so manufactured, so devious about the tax plan, that he spoke honestly to what can only be termed as the greatest tax grab by the wealthy in decades. Myths abounded, mostly exposed and exploded, by a bipartisan group of leading economists who consistently bit back at the fabrications. Will the cuts stimulate growth?…

  

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