Alan Greenspan tells the Senate that he favors abolition of the double taxation that takes place when a corporation pays taxes on its earnings and then its shareholders pay taxes on those same earnings when distributed as dividends. At the same time, he says that the deficits resulting from the Bush plan pose a major economic problem, and that the divident tax break should not pass unless at the same time other taxes are raised to compensate.
John Kerry, who in December explained why he favored the abolition of double taxation, also opposes the Bush plan as fiscally irresponsible and undesirable on distributional grounds.
This demonstrates to Mickey Kaus that Kerry suffers from “gross characterological deficiencies.”
Author: Mark Kleiman
Professor of Public Policy at the NYU Marron Institute for Urban Management and editor of the Journal of Drug Policy Analysis. Teaches about the methods of policy analysis about drug abuse control and crime control policy, working out the implications of two principles: that swift and certain sanctions don't have to be severe to be effective, and that well-designed threats usually don't have to be carried out.
Drugs and Drug Policy: What Everyone Needs to Know (with Jonathan Caulkins and Angela Hawken)
When Brute Force Fails: How to Have Less Crime and Less Punishment (Princeton, 2009; named one of the "books of the year" by The Economist
Against Excess: Drug Policy for Results (Basic, 1993)
Marijuana: Costs of Abuse, Costs of Control (Greenwood, 1989)
View all posts by Mark Kleiman