A few months ago, both Steve Leibo and I brought attention to an MIT study that suggested that a carbon tax could be a win-win-win solution. It would meet some Republican and some Democratic objectives, by allowing Congress to keep income taxes low, allow the Bush tax cuts to remain, yet fund Democratic social policies, all the while reducing our use and dependence on carbon based energy, which is destroying the environment, and is likely to leave an uninhabitable earth for our grandchildren. Read the rest of this entry »
Tax Day – Why the Pain?
April 16, 2013Yesterday was the last day to file our tax returns for 2012. If you enjoyed it you are probably either an accountant who earned lots of money filing other people’s returns, or you have enough money to have an accountant file your returns, or you were getting a BIG refund. For the rest of us it was anything from a mild annoyance to a big pain.
But I’d like to reflect on why that is. Read the rest of this entry »
Saving Federal Dollars
January 15, 2013Some congressmen believe the government should not spend any money, shouldn’t borrow, shouldn’t raise the debt ceiling, and shouldn’t raise taxes. They are from “red” states or districts. And they don’t want to vote for hurricane relief for the northeastern states.
Others believe government should do what is necessary for the welfare of the people. When people are in trouble, good people help. They are from “blue” states or districts. And they voted for hurricane relief for the South and Midwest.
It’s not just Tea Party ideology. Whose ox is gored matters to them. If the hurricane hits my district, well, they’re good people, so we gotta help. But if it’s somebody else’s district, especially a “blue” district, we certainly do not want to help “those” people. So we have a combination of politics and ideology.
OK then, here’s a proposal. Read the rest of this entry »
Global warming demands a BTU tax
January 9, 2013Last night at the Egg I heard Bill McKibben talk about climate change. I was very proud of Joe and Alan and WAMC for organizing it and proud of the WAMC audience for coming out in droves to hear him. The message he brings is not a happy one but it is a message we have to hear and understand; more, it’s a message we have to act on. Read the rest of this entry »
Why We Need a Carbon Tax
December 11, 2012I hope you heard Steven Leibo’s commentary last week. If not, you can find it by searching for Leibo’s World Watch. He focused on the need for a carbon tax. I’d like to follow up.
To deal with the enormous problems that global warming will pose for all of us, problems that will be catastrophic for many, we have to be willing to make carbon based fuels more expensive, not bellyache about the price of gas, but tax it so it gets higher. Now before you turn off the radio or try to throw tomatoes at me, we would also need to address the inequities that would cause, by the way we handle the income tax. And that’s part of Steve’s point –with taxes very much at the center of the political debate, this is a good time to address a carbon tax. Read the rest of this entry »
Tax Rates and Business Investment
December 11, 2012You and I have been hearing lots of rhetoric about the risk to small business if tax rates go up on people earning a quarter million or more. The expressed concern is that small businessmen won’t be able to invest and create more jobs. Of course in this world of sound bites it’s hard to get everything clear and correct. But this one is largely misleading. Tax rates and business investment in job producing enterprise are much less closely related than much of the commentary would make it appear. Read the rest of this entry »
This is an Emergency
October 16, 2012During the fund drive I heard Joe Donahue and this station working hard to bring Bill McKibben to this audience and lead us away from the catastrophe of global warming. He and the station did a great service and I am proud to be associated with them.
If your house was on fire you wouldn’t stand like a bystander waiting for it to collapse; you’d call the fire department and get anyone you could reach out of there fast.
If you child or your grandchild were about to drown, you would not turn your back moaning that it was too awful to contemplate; you’d raise hell to get your children out.
If your children disappeared on a camping trip, you wouldn’t sit around moaning; you’d search, call the rangers, find those children.
If your baby was dying of thirst, you’d find water. If your child was dying of hunger you’d find food. I met one six year old girl whose mother released her to others who brought her to America after the young girl’s brother had died of starvation in Liberia. It’s awful to contemplate but as parents we do what we have to in order to protect our children. Read the rest of this entry »
Toxic Taxes and Health Insurance
March 27, 2012Yesterday the Supreme Court heard argument about whether the health insurance mandate is or is not a “tax”. If it were a “tax” then this legal challenge might be three years premature. If it were a “tax” we would be talking about the taxing power in addition to the commerce power. If it were a “tax”, it would be much harder to attack this law. So why isn’t it a “tax”? Read the rest of this entry »
Posted by Stephen Gottlieb
Supreme Court Plays Guardian Counsel in the Health Care Argument
April 3, 2012Let’s understand what that argument about the health insurance mandate was about. Everybody agreed that a single payer system would have been constitutionally OK. It would have been based on the taxing power. However toxic taxes are to the public, legally they are not particularly toxic. Everyone admits the taxing power is broad. Read the rest of this entry »