Independence & Taxes
Last week the United States celebrated the 249th anniversary of its declaration of independence from Great Britain.[i] In celebration of the occasion, President Trump signed into law the One Big Beautiful Act which, among other things, extended the tax cuts enacted during the first year of his first term in the White House.[ii]
As most of us are aware, the debates preceding the enactment of this legislation – whether they occurred in a House or Senate committee, on the floor of either Chamber, in public assemblies, with members of the media, or on city streets – often devolved into what may fairly be described as exercises in divining economic collapse, promoting class warfare, accusing others of demagoguery, etc.[iii]Continue Reading Taxes: An American Obsession?