Unless we change our distribution of non-labor income, we can kiss our middle class goodbye, says entrepreneur Peter Barnes. In his new book, “With Liberty and Dividends for All,” Barnes proposes a nationwide dividend program, like Alaska’s, that would help the middle class and reduce the need for wealth redistribution.
With renewed talk of tax cuts and President Obama’s “Buffett Rule,” political maneuvering in Congress and on the campaign trail has turned toward the U.S. tax system. On this tax day, Jeffrey Brown discusses tax reform options with the Brookings Institution’s Alice Rivlin and the Tax Policy Center’s Donald Marron. Continue reading
President Obama renewed a call for higher taxes on the wealthy Tuesday, urging Congress to adopt the so-called “Buffett Rule” and impose a minimum 30 percent income tax on those earning $1 million or more a year. Jeffrey Brown gets perspectives from the White House’s Gene Sperling and American Action Forum’s Douglas Holtz-Eakin. Continue reading