Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Corporation Tax

Sarah Huckabee Sanders’ Bar Metaphor Is Really Stupid

A friend of mine recently sent me this clip of White House Press Secretary Sarah Huckabee Sanders attempting to defend President Trump’s “Cut Cut Cut” tax plan with an elaborate bar metaphor. Let’s call it the “Allegory of the Tab”:

A couple days later, my dad told me he heard someone bring this up, as if it were some kind of serious argument for Trump’s plan. I can’t let this stand. The Allegory of the Tab is too reductive, too simplistic, too brain-dead to pass without a post exclusively and entirely about how dumb it is.

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Why Trump Cannot Bring Jobs Back With Tax Cuts

When I talk to President Trump’s supporters about how they anticipate the president will bring back lost manufacturing jobs, I tend to hear the same argument over and over. It goes something like this:

  1. Trump will cut corporate tax and other taxes that primarily hit investors.
  2. Firms and investment will return from abroad to take advantage of the low tax rates.

It is possible to demonstrate that this is false. Here’s how to do it.

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Britain: For the Love of God, Please Stop Theresa May

On June 8 (this Thursday), Britain has a general election. I care deeply about British politics–I’m doing my PhD at Cambridge. But more importantly, Theresa May’s government has managed the country’s economy and public services with stunning fecklessness, and I couldn’t live with myself if I didn’t do my part to point this out.

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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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