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The payments paid off for the Johnson campaign. A campaign worker reported that “I called on the ‘Marble Falls Messenger’ and found that we owe them another $5…. He said that he would not add ‘paid advertisement’ at the end [of a news item written by Johnson’s staff] because it would carry more weight this way.” From beginning to end of the campaig
... See moreRobert A. Caro • The Path to Power: The Years of Lyndon Johnson I
... See moreThe core purpose of a tax code should be to raise money for the government with the least damage to economic growth. Ideally, this means low tax rates on a broad tax base. The broader the tax base, the lower rates can be, the less political friction there is, and the less harm to incentives to work and invest.
The Trump-Ryan 2017 reform made progres
“But you don’t have to put an unrelated corporate giveaway into a bill that’s supposed to help people,” Kerry said. “You could just help people.”
Liz Bowery • Love, Hate & Clickbait: A Novel
When it comes to designing a country’s tax system, the World Bank, the IMF, and the OECD all preach the same sermon, relying on the same fundamental principle. This rule is not particularly complicated; it is easy to understand, although not always easy to implement. In fact, it’s so simple that the economists generally reduce the essential formula
... See moreT. R. Reid • A Fine Mess: A Global Quest for a Simpler, Fairer, and More Efficient Tax System
When Johnson uttered these words, Congress was polarized; the Democratic Party was coming apart at the seams; and the country, by denying Black citizens access to the ballot box, was undemocratic in fact. In other words, the Washington that passed transformational legislation outlawing racial discrimination, expanding access to healthcare, food, an
... See moreMatthew Desmond • Poverty, by America
Thursday, December 5, the day Smith had surrendered, was also the day of Lyndon Johnson’s lunch with Harry Byrd, the lunch at which the mood around the tax bill had started changing, so the lead headlines the next day, December 6, were not only ACTION IN JANUARY PLEDGED ON RIGHTS but also PRESIDENT WINS PLEDGE BY BYRD FOR TAX ACTION—headlines of tr
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