News & Public Affairs

Former supply-sider: Tax cuts won’t fix recession

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Tags: Great Recession, supply side economics, Ron Paul, VAT, Keynesian economics, Bruce Bartlett, tax cuts

Good Afternoon, welcome to Radioactivity. I’m Rob Lorei. In a moment we’ll meet a former member of the Reagan and George H. W. Bush Administrations who has come out against Republican orthodoxy on tax cuts. He says tax cuts don’t work as advertised by the Republican Party.

But first some listener comments about yesterday’s interview with Rod Stoneman, a film professor from Ireland who was the executive producer of the film The Revolution Will Not Be Televised, about the unsuccessful co...

How the tax system benefits the super rich

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Tags: taxes, sports subsidies, tax deferrals, VAT, offshore bank accounts, super rich

Welcome to WMNF’s Radioactivity program. I’m Rob Lorei. Our guest today, David Cay Johnston was for 14 years the tax reporter for the New York Times. He has been documenting the ways he says our tax code has been recalibrated to take from the poor, the middle class and even the relatively affluent and given to large corporations and the super rich. He calls it “socialism for the rich.”

In an article entitled Fiscal Therapy in this month’s Mother Jones magazine, he writes how Presiden...