Yesterday, Treasury Secretary Tim Geitner and President Obama unveiled their plan to close tax loopholes which allow US multinational corporations to defer paying US taxes for earnings in foreign countries.  In addition, they outlined their plan to crack down on US citizens who avoid paying taxes by parking money in offshore tax havens. 
I love seeing Secretary [...]

On my last post, the question was raised about how I would change the tax system since I don’t like the “progressive” system we currently have in place.  My solution is a national consumption tax and removal of the federal and state income taxes.  I believe taxes distort behaviors and can be used to reduce or [...]

This is a call to all who may read this blog, please contact your senators and urge them to vote no on Timothy Geitner’s nomination for Treasury Secretary.  When I first heard he was being selected, I was excited.  He seemed like a good person given his experience in the IMF and as the Head [...]