The Third Republican Debate and the Tale of the Terrible Tax Plans

In the third republican presidential debate, the moderators gave the candidates a hard time over their tax plans, and the candidates responded by accusing the moderators of being biased. Said Ted Cruz:

The questions that have been asked so far in this debate illustrate why the American people don’t trust the media. This is not a cage match. And, you look at the questions — “Donald Trump, are you a comic-book villain?” “Ben Carson, can you do math?” “John Kasich, will you insult two people over here?” “Marco Rubio, why don’t you resign?” “Jeb Bush, why have your numbers fallen?” How about talking about the substantive issues the people care about? And Carl — Carl, I’m not finished yet. The contrast with the Democratic debate, where every fawning question from the media was, “Which of you is more handsome and wise?”

This was a clever move by Cruz–republican voters have been trained to believe that the media is out to get them, to suspect that whenever the republicans get asked tough questions that the journalists’ claims are exaggerated or even fabricated. He succeeded in distracting the viewing audience from the real story of the third debate–the deeply flawed tax plans laid out by the GOP candidates.

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Justin Trudeau and the Liberal Party are the Best Choice for Canada

Canada has a federal election on October 19. Back in August, I wrote a post detailing why Stephen Harper needs to go–his austerity program and fixation on developing Canada’s mineral resources have resulted in chronic under-investment in Canadian infrastructure and social programs, and they have resulted in an unnecessary recession. But the Canadian election is a three horse race. Should Canadians choose the New Democratic Party (NDP) or the Liberal Party? Over the past month and a half, I’ve been pondering this quite a bit. Both the NDP and the liberals have interesting policy ideas, and there are good arguments to be made on both sides. But ultimately, I think that if you are going to vote in the Canadian election or know someone who is, the liberals are the better choice. Here’s why.

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Trump’s Tax Plan is Regressive and Unrealistic, Copies Bush and Romney

I was disappointed to read Donald Trump‘s tax plan today. In recent weeks, Trump has been talking a pretty progressive game on taxes. Many of us, myself included, speculated that Trump might be a bit left wing on this issue and might be attempting to shift the Republican Party a to the left on economic issues. Unfortunately, this appears to have been wishful thinking. Trump’s new plan is almost precisely the same as Jeb Bush‘s and Mitt Romney’s. This still puts him to the left of flat tax and fair tax candidates (Carson, Cruz, Paul, Huckabee, Perry, Walker all explicitly endorsed one or both, while Rubio and Kasich have expressed interest in ultimately going to a flat tax), but it puts him to the right of Hillary Clinton and far, far to the right of Bernie Sanders. So let’s talk a bit about how the Romney/Bush/Trump tax plan works, why it’s so disappointing, and what the differences are between the various versions of the plan.

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The Wall Street Journal is Telling Awful Lies about Bernie Sanders

Over the last few days, I’ve seen a deeply misleading claim circulating around the internet–that Bernie Sanders is supposedly going to increase government spending by $18 trillion over 10 years. This claim originates in a Wall Street Journal article by Laura Meckler. The article is so deeply misleading that Gerald Friedman, the economist cited by the WSJ, has felt compelled to come forward and explain that his research does not at all support the WSJ’s conclusion. Indeed, Friedman claims that Sanders’ plan will actually save money. To understand how, we need to know just a little bit about healthcare economics.

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Stephen Harper’s Austerity and Weak Oil Prices are Sinking Canada’s Economy

Canada has a federal election coming up on October 19, 2015. The election could not have come at a worse time for Prime Minister Stephen Harper’s Conservative Party. Canada’s economy has ground to a halt, and the voters are furious with Harper. His net approval rating has dropped to a disastrous -32:

What has he done wrong? Let’s take a closer look.

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