Tag: Ocasio-Cortez

Modern Monetary Theory, explained

A very detailed walkthrough of the big new left economic idea. Modern Monetary Theory is having a moment. The theory, in brief, argues that countries that issue their own currencies can never “run out of money” the way people or businesses can. But what was once an obscure “heterodox” branch of economics has now become… Continue reading Modern Monetary Theory, explained

100 years of tax brackets, in one chart

Republicans say we have too many now. But we used to have way more. https://apps.voxmedia.com/graphics/vox-marginal-taxes/javascripts/pym-5aa85469.js new pym.Parent(‘how-tax-brackets-have-changed-in-the-last-100-years__graphic’, ‘https://apps.voxmedia.com/graphics/vox-marginal-taxes/’, {xdomain: ‘.*\.voxmedia\.com’}); The US currently has seven tax brackets — and some Republicans, including Donald Trump and former House Speaker Paul Ryan — have said that they believe that’s too many. It’s been a common talking point… Continue reading 100 years of tax brackets, in one chart

House Democratic Campaign Arm Nears War With Liberals Over Primary Fights

Liberal Democrats are infuriated by a new Democratic Congressional Campaign Committee policy intended to protect centrist incumbents from primary challenges. Source: https://www.nytimes.com/2019/04/07/us/politics/democrats-liberals-tension.html?partner=rss&emc=rss