Gary Cohn

‘Only Morons Pay the Estate Tax’

As he raised estate tax rates to fund work programs during the Great Depression, Franklin Delano Roosevelt said, “The transmission from generation to generation of vast fortunes by will, inheritance or gift is not consistent with the ideals and sentiments of the American people.”<p>It’s plenty …

Opinion

A Republican ‘win’ on the tax bill will actually be a loss

Democrats are reaching the conclusion that the GOP tax bill — with huge benefits for the rich and elimination or limits on the state and local tax deduction — could be a Pyrrhic victory for Republicans. The Post reports:<p>A University of New Hampshire poll released Tuesday found the tax bill already …

Opinion

This is Jeff Flake's chance to back up his tough talk

<b>(CNN) —</b> On October 24, Arizona Sen. Jeff Flake made a speech. In the coming weeks, he'll have a chance to take a stand.<p>Republicans in the Senate are hoping to move their tax plan before the end of the year, but with such a narrow majority, party leaders cannot, for now, afford more than two …

U.S. Politics

Trump World makes a promise on taxes it probably can't keep

There was an interesting exchange about tax policy yesterday between CNN’s Jake Tapper and Mick Mulvaney, the far-right director of Donald Trump’s …

Social Justice

America's national debt will never, ever go down

Democrats think they have the GOP's big plan all figured out. First, Republicans pass a big, fat tax cut that worsens budget deficits. Then, …

U.S. Politics

Five Things You Need to Know to Start Your Day

<i>Want to receive this post in your inbox every morning?</i> <i>Sign up here</i><i>.</i><p>North Korea labeled state sponsor of terrorism, Morgan Stanley sees big pain for …

Business

Reversing The Tide Toward Populism: New Ideas!

The shift toward populism is closely linked with the financialization of US economic activity.<p>Absent improvement in balance sheets for the bottom 80% …

Social Justice

And the biggest loser in the GOP’s tax plan is … humans

J. Scott Applewhite, The Associated PressSenate Finance Committee Chairman Orrin Hatch, Treasury Secretary Steven Mnuchin, White House economic …

Denver

Kellyanne Conway Flip-Flops on (Alleged!) Child Molestation

“There is no Senate seat worth more than a child” is now, “We want the votes in the Senate to get this tax bill through.”<p>For those of us who do not hear a little voice in our heads whispering “tax cuts, tax cuts” every hour on the hour, the question of whether or not <b>Roy Moore</b> should still be …

Donald Trump

GOP tax plan sparks déjà vu

Thirteen Republicans voted against the House Republican tax reform plan last week. Twelve of them are from New York, New Jersey and California. The …

Charlotte

Axios Sneak Peek

Welcome to Sneak Peek, our weekly lookahead for both ends of Pennsylvania Avenue. I'd love your tips and feedback: jonathan@axios.com. And please …

Robert Lighthizer

Picking middle-class pockets to deliver for donors

If you’ve somehow escaped the news since the last presidential election and just heard that the Republican-controlled Congress, with President …

Social Justice

US trade problems begin closer to home

Here's a statistic that tells you much of what you need to know about the US trade debate — only 1 per cent of US companies export. It's a figure …

Economics

Who wins and loses in Trump's tax plan?

Congress has yet to settle on a final draft of a tax-cut bill but if you’re rich, a corporation or your name is Donald Trump you could be in luck<p>Over the Thanksgiving break Congress will have time to start digesting Donald Trump’s plans to implement the largest tax overhaul in a generation. It …

Politics

The Republican trickle-down fantasy rolls on | Editorial

Trump's top money man - known during campaign season as Goldman-quality swamp scum - sought validation from a room of CEOs. They proved he is either …

Equality

All Evidence Shows #GOPTaxScam Is Horrible. Only Question: Can It Be Stopped?

While informed critics and experts say they are now "running out of adjectives to describe how horrible" the GOP's House and Senate tax plans are, …

Liberal View

5 times Republicans admitted they work for rich donors - Salon.com

As we all know, there are two goals at the top of Republicans’ to-do list right now:<p>1. Kicking pedophiles out of their party.2. Eschewing support from neo-Nazis.<p>Just kidding! They’re not doing either of those things. In fact, Republicans are contorting themselves into all kinds of word and moral …

U.S. Politics

CEOs admit they won’t create jobs with their tax cut money - Salon.com

The centerpiece of the two tax cut bills that are wending their way through Congress is a large reduction in corporate tax rates. According to the White House and other conservative advocates of “supply-side” economics, lowering costs for businesses will encourage them to invest the savings they’ll …

U.S. Politics

Republican Senator Gets 'Worked Up' About Tax Bill When Confronted With Facts

One consistent feature of Republican politicians is the defensiveness they exhibit whenever anyone points out some of the practical realities of …

Ron Wyden

Paul Krugman: Are Republicans Committing Political Suicide?

It's difficult to overstate just how much the public reviles the latest tax bill passed by House Republicans. A new Quinnipiac poll finds that …

Paul Krugman

Yes, a Corporate Tax Cut Would Increase Investment

Republicans have science on their side when it comes to this part of their tax plans.<p>A common criticism of the current Republican tax plans is that they will not boost private investment. While I have major reservations about these plans as a whole, this particular objection is oversold. The most …

Economics

Absurd ways the wealthy will benefit from the Senate's tax bill

Champagne in every pot and a private jet in every garage.

Louise Linton

Trump: The economy is great! Also Trump: Tax reform will make the economy great!

It’s rare when President Trump lays bare the contradiction at the heart of his push for tax reform so specifically. But, here you go, in one tweet clocking in at only 108 characters.<p>The economy, Trump says, is doing great! (Or rather, the capital-E Economy.) If Congress approves tax reform (“Tax …

Politics

Republican Tax Scam: Make America Grieve Again

A giant sucking sound, louder than a freight train, noisier than a tornado, shriller than Ross Perot yelling, “I told you so,” blasted across the nation yesterday as Republicans in the U.S. House passed their tax plan.<p>It was the terrible sound of jobs swept out of this country. When Perot ran for …

Social Justice

Trump claims the tax bill would lead to a huge boost for business spending and hiring — executives aren't so sure

• <b>The Trump administration has argued that cutting corporate taxes in the GOP bill will lead to more business investment and increased job growth.</b>• <b><br>The Federal Reserve of Atlanta asked business executives their plans if the bill becomes law.</b>• <b><br>More than half said they would not change their hiring plans,</b> …

U.S. Politics

AT&T is seriously thirsty for Trump’s tax cuts

Trump’s tax plan, we’re told, is going to cause a boom in jobs like we’ve never seen. With the money corporations will save from having their tax …

Randall Stephenson

Why the White House's 'welfare reform' focus matters

Ahead of the House Republicans’ vote yesterday on the regressive GOP tax plan, Donald Trump traveled to Capitol Hill to help apply a little 11th-hour …

Donald Trump

Businesses Call for Keeping Utah National Monument Protections

Businesses Call for Keeping Utah National Monument Protections ESCALANTE, Utah – Nearly 600 business leaders have sent a letter to Gary Cohn, …

Social Justice

The Fix's Ask Aaron: The week in politics - The Washington Post

I can't even believe how much stuff there is to talk about today.<p>-Franken<p>-Roy Moore<p>-GOP tax bill<p>-Trump Asia trip<p>-Menendez's mistrial<p>-Gillibrand saying Bill Clinton should've resigned<p>What's on your mind?<p>Doesn't this awfully conveniently set up a Senate investigation in Roy Moore, if he wins the …

Politics

“It’s a Ponzi Scheme”: Wall Street Fears Trump’s Deranged Tax Plan Could Kick Off Economic Euthanasia

Wall Street vets say an attack on blue states could start a chain reaction in the housing market. “Will this be the first tax cut in American history that actually results in a recession?”<p>“It’s a Ponzi scheme,” a Wall Street executive told me, dismissing the idea that a multi-trillion dollar tax …

Economy