In 1909, President William Howard Taft, a Republican, proposed an income tax on corporations. Such a tax required the passage of the 16th Amendment to the U.S. Constitution, and when the amendment gained the required state support, a permanent federal income tax was born. It’s nigh impossible to imagine a sitting Republican president mounting such…
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On Tuesday (Oct. 24), Sen. Jeff Flake, Republican of Arizona, delivered a stunning rebuke of President Donald J. Trump, excoriating his isolationism, his divisiveness, his disregard for truth, his debasement of democracy, his “reckless, outrageous and undignified behavior.” The speech by Flake, a longtime critic of Trump, added to the catalog of recent denunciations of…
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WASHINGTON — Once upon a time, taxes were higher and unemployment was lower. People prospered. The federal treasury overflowed. The deficit disappeared. Perhaps Americans have forgotten that era since it was so long ago — the Clinton years. Way back in the mid-1990s, the national jobless rate hovered around five percent. By 1999, only…
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“Everyone is entitled to his own opinion, but not to his own facts.” — Daniel Patrick Moynihan WASHINGTON — Once upon a time, taxes were higher and unemployment was lower. People prospered. The federal treasury overflowed. The deficit disappeared. Perhaps Americans have forgotten that era since it was so long ago — the Clinton years. Way…
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