By James Kwak I haven’t been commenting on Republican tax plans this season because, well, it takes a lot to impress me when it comes to absurd tax cut proposals. Ted Cruz has done it. The major components of Cruz’s plan amount to this: A flat 10% tax on individual income (labor and investments)—down from top rates today of 43.4% on labor and 23.8% on capital gains and dividends… [ 834 more words. ]
http://baselinescenario.com/…/60-of-ted-cruzs-tax-cut-goes…/
By James Kwak Hillary Clinton is competing for the nomination of a party whose progressive base thinks, with considerable justification, that her husband is to blame for letting Wall Street run amok—and that Barack Obama, under whom she served, did too little to rein in the bankers who torpedoed the global economy. On top of that, she faces a competitor who says what the people actually think: that the system is rigged, that big banks should be restrained, and that people should go to jail. [ 171 more words. ]
http://baselinescenario.com/…/hillary-clintons-lame-wall-s…/
By James Kwak Larry Lessig is running for the Democratic presidential nomination on a single issue — political equality — and a promise to resign as soon as Congress passes a bill that would help level the electoral playing field, end partisan gerrymandering, make it easier for working people to vote, and reduce the power of money in politics. As I’ve said before, he has… [ 342 more words. ]
http://baselinescenario.com/…/…/whos-afraid-of-larry-lessig/
By James Kwak We have lots of problems: Expensive yet mediocre health care. Lack of retirement security. Out-of-control megabanks. Inequality of opportunity. And, of course, climate change. At the end of the day, though, there are only two things that matter: early childhood education and electoral reform. We need smart, motivated, knowledgeable voters. And we need a political system in which all people have an equal say. [ 1281 more words. ]
http://baselinescenario.com/…/the-only-two-things-that-matt…
