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October 20, 2011
10 Reasons to Eliminate the Tax Break for Capital Gains
As Occupy Wall Street protesters
deliberate over a policy agenda that would combat economic inequality and political favoritism, they will find no target better suited to their mission than the tax break for capital gains. In this Blog of the Century post, TCF Vice President of Policy and Programs Greg Anrig gives ten reasons why tax-favored treatment of capital gains should be eliminated.
TCF President Janice Nittoli writes in a post for Blog of the Century that think tank supply is not keeping up with the Occupy Wall Street protesters' demand for new ideas. She says a new progressive agenda needs to look toward fiscal responsibility and what's next for a post-industrial economy while negotiating politics and economics in a world with many more and more diverse actors.
The Tax Policy Center’s verdict on Herman Cain’s ‘9-9-9’ plan is in, and it’s not pretty for the vast majority. Policy Analyst Andrew Fieldhouse looks at the analysis and finds that Cain's claim that his plan would lower taxes on most Americans is wrong. The average household would see an $836 tax increase, with 84 percent of households paying more,
relative to current tax policies.
The number 9.1 has been repeated so often that it has taken on an almost totemic significance for policy makers—a numerical representation of all that is wrong with America today. And yet that number—which for the last several months has been the official unemployment rate—provides an incomplete picture of the jobs situation in America. Ben Landy answers the question, how many Americans are really unemployed?
In a new Time/Abt SRBI poll, 54 percent of respondents said they’re favorable to the Occupy Wall Street movement that has been protesting policies that "favor the rich, the government’s bank bailout, and the influence of money in our political system." TCF Fellow Ruy Teixeira takes a closer look at the numbers in this week's Snapshot.
High-level Iranian officials have denied the United States' allegations of Iran's involvement with a plot to assassinate the Saudi ambassador in Washington, D.C. TCF's insideIRAN project writes that as a result, the Iranian government's uniform response will not assist anyone in discovering the truth, and therefore, attention should turn to the views within Iranian society. Find out more on
insideIRAN.
Fellow Daniel Levy is participating in The Economist's
debate on whether or not bilateral Israeli-Palestinian negotiations are a viable way to reach a two-state solution. Visit the
site to read more, and to vote in the debate.
The Community Living Assistance Services and Supports (CLASS) Act included in the larger health reform bill passed in 2010 was quietly abandoned for good last week. It would have created a voluntary, public insurance program to which Americans could contribute each month so that they could receive help paying for long-term care in the future. Naomi Freundlich looks at why the program failed.
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The Century Foundation conducts public policy research and analyses of economic, social, and foreign policy issues. Topics include inequality, retirement security, health care reform, election reform, and international affairs. Century produces books, reports, and other publications, and also convenes task forces and working groups in order to inform national policy discussions, to promote fresh ideas and best practices, and to correct myths and misunderstandings about policy reforms. With offices in New York City and Washington, D.C., The Century Foundation is nonprofit and nonpartisan. It was founded in 1919 by Edward A. Filene.
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