Hunt Lawrence and Daniel J. Flynn

Hunt Lawrence is a New York-based investor. Daniel Flynn is the author of five books.

Negative Polling on Tax Cuts Prove the 1980s Are Over

 

The Republican tax plan that won a majority of votes in the House and the Senate fails to win anything close to half of the public. Gallup found support from just 29 percent of Americans with opposition from 55 percent. Quinnipiac revealed much of the same with a 29-53 percent split. Tax cuts once acted […]

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One of the Worst Bills in the History of the United States? Really?

 

Nancy Pelosi characterized the Trump tax legislation earlier this week as “one of the worst bills in the history of the United States of America.” The Cut, Cut, Cut Act, as Trump wished to call the legislation, may rank as one of the worst names for a bill in the history of the United States […]

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‘The Moment of Truth’ — It Will Involve More Than Just Taxes

 

“Now comes the moment of truth,” President Donald Trump told a Missouri audience on Wednesday. By a partisan 52-48 split, the United States Senate voted on Wednesday to allow debate on tax reform. This came in spite of a strange effort by the New York Times editorial board urging its Twitter followers to contact on-the-fence […]

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Mitch McConnell’s Rubik’s Cube

 

The Senate Budget Committee gave its imprimatur Tuesday to the Trump tax plan on a 12-11 party-line vote. More so than that win, winning over Senators Bob Corker (R-Tenn.) and Ron Johnson (R-Wisc.) represented the day’s big triumph. Trump predicted Corker a “nay,” but, as though to spite him, the retiring Tennessean voted “yea.” Johnson, […]

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Can Trump Deliver ‘a Great, Big, Beautiful Christmas Present’?

 

“We’re going to give the American people a huge tax cut for Christmas,” President Donald Trump explained in a cabinet meeting earlier this week. “Hopefully, that will be a great, big, beautiful Christmas present.” Five Republican grinches — Senators Jeff Flake (Ariz.), Bob Corker (Tenn.), Susan Collins (Maine), John McCain (Ariz.), and Ron Johnson (Wisc.) […]

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Want Tax Cuts? Reform Health Care

 

Can tax cuts exist in the era of the $20 trillion debt? A better query asks: how do spending increases thrive in the era of the $20 trillion debt? Investor’s Business Daily indirectly answered these questions in an editorial earlier this week. “Even with an allegedly budget-busting tax cut, the federal government will claim a […]

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Tax Bill Repealing Individual Mandate Makes Dollars So It Makes Sense

 

Senate Republicans coupled its tax-reform bill with a massive budget cut. The House of Representatives would be wise to follow suit. The Senate majority leader and the Senate finance committee endorsed Senator Tom Cotton’s proposal to include a repeal of Obamacare’s individual mandate alongside tax cuts. This either kills two birds with one stone or […]

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No More Deceptiveness: On Double Taxation and Dodging Taxation

 

The main gripe against the 35 percent federal corporate tax rate involves its massive size: just two nations inflict higher rates on businesses than the capital of capitalism does. But a bigger problem than even its bigness involves its deceptiveness. Thirty-five percent on paper rarely equals 35 percent in paper. Some companies, organized as C-Corporations, […]

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Tax Code, Like Mad Dog 20/20, Induces Unusual Behavior

 

Like Franz Anton Mesmer and Dragon Fruit Mad Dog 20/20, our tax code encourages bizarre behavior. Apple, an American company, holds 97 percent of its cash in countries not named the United States of America. Employers hire accountants and lawyers, and not workers, to ensure profits. Corporations insist that they operate as something other than […]

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Export Products, Not Profits

 

Executives from Google, Facebook, and Twitter testified on Capitol Hill this week regarding foreign interference in the 2016 U.S. presidential election. This sideshow distracts from the circus. The policy debate in Washington, if not the political chatter, fixates on taxes. By sheltering cash in foreign countries, Google, Facebook, and other U.S.-based companies hide profits from […]

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