by lftcrtv | Jun 20, 2018
The “Tax Cuts and Jobs Act” (TCJA)—the massive federal tax cut passed in December 2017—has failed to produce the benefits touted by its promoters. And if history is any indicator, there is no reason to believe things will change in the future. The following debunks...
by lftcrtv | May 24, 2018
On May 23, the Governor vetoed House File (HF) 947, the tax and education bill passed by the Minnesota House and Senate on the last day of the 2018 legislative session. Its conservative authors argued that it will increase corporate taxes relative to current law. A...
by lftcrtv | May 16, 2018
North Star would like to thank Professor Louis Johnston of the College of Saint Benedict/Saint John’s University for critiquing earlier drafts of this article. Conservatives typically argue that the benefit of corporate tax cuts will trickle down to workers in...
by lftcrtv | Apr 26, 2018
The Tax Cuts and Jobs Act (TCJA) passed by Congress late last year allows taxpayers to make withdrawals from 529 plans—formerly a tool used exclusively to pay for higher education expenses—to pay for tuition and other qualifying expenses at private and religious K-12...
by lftcrtv | Mar 30, 2018
Corporate elites and wealthy Americans celebrated when Congressional conservatives and President Trump rolled out the so-called “Tax Cuts and Jobs Act” (TCJA) late last year—and with good reason. The TCJA was overwhelmingly regressive, sending a disproportionate share...
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