Our Missing $10 Trillion

Our Missing $10 Trillion

A trillion dollars, a figure with twelve zeros after a one, is by any measure a ton of money. It’s near impossible to comprehend how much a trillion is. So, it’s admittedly hard to comprehend a new report that tallies the combined tax cuts of the Bush, Obama, and...
Economic Rapture Might Be around the Corner

Economic Rapture Might Be around the Corner

It’s January 25, 2001, the first week of the Bush presidency and more than half a year before the September 11 attacks. Federal Reserve Chairman Alan Greenspan testifies before the Senate Budget Committee, asserting: “If current policies remain in place,...
Job-Killing Tax Breaks

Job-Killing Tax Breaks

As the owner and general manager of two inns near Harvard University, I derive personal satisfaction and intellectual rewards from developing and running a successful small business. As a capitalist, I disagree with the politicians and policymakers who invoke the...
A Decade of Magical Tax-Cut Thinking

A Decade of Magical Tax-Cut Thinking

Republican leaders in Congress have a one-point program for whatever ails the nation: cut taxes for millionaires and large corporations. Got a revenue surplus? Cut taxes. Got a budget deficit? Cut taxes. Got a toothache? Cut taxes. These politicians are like my uncle...