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Author: Ryan Clements Publisher: ISBN: Category : Languages : en Pages : 51
Book Description
This paper reviews the several proposed tax reforms articulated by President Donald Trump, both during his presidential campaign, and since taking office, in light of economic theory, and the Modigliani-Miller Irrelevance Theorem, to show that companies will adapt their polices, in light of new taxes, and that this impacts the effectiveness of reform. In support, I survey two empirical studies, one in relation to the repatriation efforts of President Bush's Homeland Investment Act, and another in relation to unexpected changes to the taxation of Canadian income trusts to show that reform measures can lead to unanticipated results. I then apply the principles from these studies, the general economic theories and the Modigliani-Miller Irrelevance Theorem, to cast uncertainty on the net effect of Trump's tax reforms. Next, I review the constitutionality of a proposed “border adjustment tax”, and I analyze whether this reform is a direct tax that isn't apportioned between the States, and does not qualify as income under the 16th amendment, and is thereby unconstitutional. I show that such a constitutional challenge is a difficult undertaking given the substantive arguments in favour of constitutionality, the rarity of judicial intervention in overturning tax laws, and the wide discretion of Congress to levy taxes on income. Finally, I conclude by considering the role of economic analysis on the border adjustment constitutional question and provide an overview of the arguments, both for and against utilizing economic analysis in constitutional tax litigation, including a review of the various cases, and defining principles, with emphasis to the decisions of Judge Richard Posner, where economic analysis has been used in the statutory interpretation of tax laws.
Author: Ryan Clements Publisher: ISBN: Category : Languages : en Pages : 51
Book Description
This paper reviews the several proposed tax reforms articulated by President Donald Trump, both during his presidential campaign, and since taking office, in light of economic theory, and the Modigliani-Miller Irrelevance Theorem, to show that companies will adapt their polices, in light of new taxes, and that this impacts the effectiveness of reform. In support, I survey two empirical studies, one in relation to the repatriation efforts of President Bush's Homeland Investment Act, and another in relation to unexpected changes to the taxation of Canadian income trusts to show that reform measures can lead to unanticipated results. I then apply the principles from these studies, the general economic theories and the Modigliani-Miller Irrelevance Theorem, to cast uncertainty on the net effect of Trump's tax reforms. Next, I review the constitutionality of a proposed “border adjustment tax”, and I analyze whether this reform is a direct tax that isn't apportioned between the States, and does not qualify as income under the 16th amendment, and is thereby unconstitutional. I show that such a constitutional challenge is a difficult undertaking given the substantive arguments in favour of constitutionality, the rarity of judicial intervention in overturning tax laws, and the wide discretion of Congress to levy taxes on income. Finally, I conclude by considering the role of economic analysis on the border adjustment constitutional question and provide an overview of the arguments, both for and against utilizing economic analysis in constitutional tax litigation, including a review of the various cases, and defining principles, with emphasis to the decisions of Judge Richard Posner, where economic analysis has been used in the statutory interpretation of tax laws.
Author: Major Garrett Publisher: All Points Books ISBN: 1250185912 Category : Political Science Languages : en Pages : 338
Book Description
Major Garrett has been reporting on the White House for nearly two decades, covering four different presidencies for three news outlets. But if he thought that his distinguished journalistic career had prepared him for the unique challenges of covering Donald Trump, he was in for a surprise. Like many others in Washington, Garrett found himself having to unlearn many of his own settled notions about the nature and function of the presidency. He also had to separate the carnival-like noise of the Trump presidency from its underlying substance. For even in its first half, Trump’s tenure has been highly consequential. In Mr. Trump’s Wild Ride, Major Garrett provides what journalists are often said to do, but usually don’t: a true first draft of history. His goal was to sift through the mountains of distracting tweets and shrieking headlines in order to focus on the most significant moments of Trump’s young presidency, the ones that Garrett believes will have a lasting impact. The result is an authoritative, mature, and consistently entertaining account of one of the strangest eras in American political history. A consummate professional with unimpeachable integrity, remarkable storytelling skills, and a deep knowledge of his subject earned through decades of experience, Garrett brings to life the twists and turns of covering this White House and its unconventional occupant with wit, sagacity and style. Mr. Trump’s Wild Ride should place him securely in the first rank of Washington journalists.
Author: Publisher: Soffer Publishing ISBN: Category : Languages : en Pages : 89
Author: Jim Tankersley Publisher: PublicAffairs ISBN: 1541767845 Category : Business & Economics Languages : en Pages : 296
Book Description
A vivid character-driven narrative, fused with important new economic and political reporting and research, that busts the myths about middle class decline and points the way to its revival. For over a decade, Jim Tankersley has been on a journey to understand what the hell happened to the world's greatest middle-class success story -- the post-World-War-II boom that faded into decades of stagnation and frustration for American workers. In The Riches of This Land, Tankersley fuses the story of forgotten Americans-- struggling women and men who he met on his journey into the travails of the middle class-- with important new economic and political research, providing fresh understanding how to create a more widespread prosperity. He begins by unraveling the real mystery of the American economy since the 1970s - not where did the jobs go, but why haven't new and better ones been created to replace them. His analysis begins with the revelation that women and minorities played a far more crucial role in building the post-war middle class than today's politicians typically acknowledge, and policies that have done nothing to address the structural shifts of the American economy have enabled a privileged few to capture nearly all the benefits of America's growing prosperity. Meanwhile, the "angry white men of Ohio" have been sold by Trump and his ilk a theory of the economy that is dangerously backward, one that pits them against immigrants, minorities, and women who should be their allies. At the culmination of his journey, Tankersley lays out specific policy prescriptions and social undertakings that can begin moving the needle in the effort to make new and better jobs appear. By fostering an economy that opens new pathways for all workers to reach their full potential -- men and women, immigrant or native-born, regardless of race -- America can once again restore the upward flow of talent that can power growth and prosperity.
Author: Donald J. Trump Publisher: Ballantine Books ISBN: 0307575330 Category : Business & Economics Languages : en Pages : 401
Book Description
President Donald J. Trump lays out his professional and personal worldview in this classic work—a firsthand account of the rise of America’s foremost deal-maker. “I like thinking big. I always have. To me it’s very simple: If you’re going to be thinking anyway, you might as well think big.”—Donald J. Trump Here is Trump in action—how he runs his organization and how he runs his life—as he meets the people he needs to meet, chats with family and friends, clashes with enemies, and challenges conventional thinking. But even a maverick plays by rules, and Trump has formulated time-tested guidelines for success. He isolates the common elements in his greatest accomplishments; he shatters myths; he names names, spells out the zeros, and fully reveals the deal-maker’s art. And throughout, Trump talks—really talks—about how he does it. Trump: The Art of the Deal is an unguarded look at the mind of a brilliant entrepreneur—the ultimate read for anyone interested in the man behind the spotlight. Praise for Trump: The Art of the Deal “Trump makes one believe for a moment in the American dream again.”—The New York Times “Donald Trump is a deal maker. He is a deal maker the way lions are carnivores and water is wet.”—Chicago Tribune “Fascinating . . . wholly absorbing . . . conveys Trump’s larger-than-life demeanor so vibrantly that the reader’s attention is instantly and fully claimed.”—Boston Herald “A chatty, generous, chutzpa-filled autobiography.”—New York Post
Author: Bernie Sanders Publisher: Macmillan + ORM ISBN: 1250163277 Category : Political Science Languages : en Pages : 288
Book Description
The inspiring national bestseller from the U. S. Senator and leading Democratic candidate for president—about the fierce fight for democracy and social justice, and what we need to do next. In Where We Go from Here, New York Times bestselling author Bernie Sanders reveals the blueprint for his 2020 presidential run by chronicling the day-by-day struggles that he and his progressive colleagues have waged over the last two years in the fight against Donald Trump's reactionary agenda and for a government that works for all, not just wealthy campaign contributors. At home, Sanders has helped lead the fight for Medicare for all, fought for workers desperate for higher wages, and supported immigrants in the DACA program and children affected by gun violence. He has stood with the people of Puerto Rico devastated by Hurricane Maria, as well as veterans, teachers, the incarcerated, the persecuted, and all those who are too often ignored by Washington. Abroad, his voice has been clear that we need a foreign policy that strives for peace—not war—and international cooperation to address the crisis of climate change. The good news is we're making progress. People all across America are standing up to the most dishonest and reactionary president in our history. They're taking on establishment politicians who've turned a blind eye to the concerns of everyday citizens. They're fighting back against the oligarchs of Wall Street, who would happily see our children do worse than their parents so long as the Dow does better. And the general public continually demonstrates that we are more united than the media would allow us to believe, and what we agree on are largely progressive ideals. Maintaining a vibrant democracy has never been easy, and in these dangerous and unprecedented times, it has been more difficult than ever. Bernie Sanders shows, however, that we can repair the damage Trump has done—and create a nation based on the principles of economic, social, racial, and environmental justice.
Author: Cato Institute Publisher: Cato Institute ISBN: 1933995912 Category : Law Languages : en Pages : 698
Book Description
Offers policy recommendations from Cato Institute experts on every major policy issue. Providing both in-depth analysis and concrete recommendations, the Handbook is an invaluable resource for policymakers and anyone else interested in securing liberty through limited government.
Author: Gilad James, PhD Publisher: Gilad James Mystery School ISBN: 2120057915 Category : Languages : en Pages : 89
Book Description
Donald John Trump was born on June 14, 1946, in Queens, New York City. He became a businessman and television personality, most famous for his role as the host of reality show "The Apprentice". Trump was raised in Queens by his father, a wealthy real estate developer. He attended the New York Military Academy before receiving a bachelor's degree in economics from the University of Pennsylvania. Trump worked in his father's company before becoming the president of the company in 1974. Trump's flamboyant style and business acumen made him an icon in New York City. He became a prominent figure in the city's social scene as well as its business world. In the 1980s, Trump expanded his real estate empire beyond New York City, purchasing properties in Atlantic City and around the world. Trump also expanded his brand, licensing his name to a variety of products, including vodka, furniture, and clothing. In 2016, he launched a presidential campaign and defeated Hillary Clinton to become the 45th president of the United States. During his four-year tenure, he made numerous decisions that were controversial and polarizing, but often led to financial and economic gains for the country.
Author: Steven E. Schier Publisher: Rowman & Littlefield Publishers ISBN: 1538122057 Category : Political Science Languages : en Pages : 175
Book Description
The stunning 2016 election and presidency of Donald Trump was decades in the making. Three trends since the 1960s created the conditions for his triumph. First, a growing popular discontent with government, long evident in public opinion, created a widespread distrust of established leaders and institutions. Second, America underwent the rise of “professional government.” Governing professionals are an elite built on merit through occupational accomplishment. They now dominate interest groups, the bureaucracy, courts, presidency, and Congress. Many government professionals perceive little need to mobilize the public in the way parties did in previous eras. This has furthered the sense of disconnect among the public and created a self-reinforcing chain. Third, political parties and governing institutions are now polarized into rival teams of ideological, partisan elites. The intense battles between these divergent teams often result in government gridlock. These conditions produce ripe opportunities for “outsider” candidates to mount popular movements against politics as usual. How did Donald Trump leverage his outsider status into a 2016 electoral victory? Four factors propelled him into the White House. First, Trump’s long career as a public celebrity gave him an identity and “brand” widely known to the public and which generated massive free media coverage as a candidate. Second, Trump and his campaign ably used social media to further amplify his message. Third, decades of polarized political elites, governmental professionalism and mounting popular discontent made an “outsider” message attractive to millions of voters in 2016. Fourth, Trump was blessed with a political opponent, Hillary Clinton, who represented the polarized and professional governing class that Trump rightly saw as an inviting target for his outsider message and demeanor. That is how Trump happened.
Author: E.J. Dionne, Jr. Publisher: St. Martin's Press ISBN: 1250164052 Category : Biography & Autobiography Languages : en Pages : 354
Book Description
"A call to action from three of Washington's ... political scholar-journalists, [this book] offers [a treatise on what they see as] the threat posed by the Trump presidency and how to counter it"--Amazon.com.
Author: Ryan Clements
Author: Ryan Clements
Author: Major Garrett
Author: 
Author: Jim Tankersley
Author: Donald J. Trump
Author: Bernie Sanders
Author: Cato Institute
Author: Gilad James, PhD
Author: Steven E. Schier
Author: E.J. Dionne, Jr.