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on the issues impacting New Hampshire
The best discussion of our understanding of modern tax policy comes from the classic television show Seinfeld. Everyone’s favorite economist, Kramer, encourages Jerry to defraud a company because big companies don’t need to worry. “Jerry, all these big companies, they write off everything.” Jerry claims that Kramer doesn’t even know what that means. Kramer’s defense: “But they do and they’re the ones writing it off.”
These mystical write-offs emerge in political rhetoric as giant subsidies to big corporations, illusory money floating through the corporate air. In an election, politicians want to eliminate them all. The right accuses the left of passing out subsidies like candy. The left accuses the right of hypocrisy, especially toward the dreaded evil Big Oil. Click here to keep reading.
Americans have become accustomed to viewing public education through a national lens. In the past, most power was left to local schools and politicians. However, since the Elementary and Secondary Education Act of 1950 and continuing to the No Child Left Behind Act of 2001 and the Department of Education’s Race to the Top initiative of 2009, the federal government has taken and maintained increased control over schools through mandates, incentives, and funding. Although these initiatives represent sincere efforts to improve a struggling national public education system, the reality is that increased federal oversight often has the opposite effect by complicating matters with complex rules and regulations. Click here to keep reading.