Bruce Thompson was a U.S. Senate aide, assistant secretary of Treasury for legislative affairs, and the director of government relations for Merrill Lynch for 22 years.
Author Archive
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Oct 22, 2025The Congressional Budget Office has released its budget review for fiscal 2025. The report shows that total federal revenue for the fiscal year that just ended exceeded $5 trillion,... -
Oct 8, 2025When Congress passed the Tax Cuts and Jobs Act in 2017, one of the most important pro-growth provisions was the corporate tax rate reduction. The lower corporate rate led to... -
Sep 24, 2025The leading proponents of a wealth tax have released a new study claiming that billionaires pay lower tax rates than the average American taxpayer. The study is co-authored by the UC... -
Sep 10, 2025The Washington Post has reported that House Democrats have launched a new effort to “redefine” what their party stands for. They are working on a new agenda for the 2026... -
Aug 23, 2025According to the national media, the Republican tax bill is widely disliked by the American public. A New York Times reporter recently wrote that the bill is “broadly... -
Aug 1, 2025According to a new Tax Foundation report, permanently locking in lower individual and corporate tax cuts is the most important pro-growth feature of the recently enacted tax bill....
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Jul 22, 2025The President has signed into law the Republican tax bill permanently extending the 2017 tax cuts and preventing a substantial tax increase from going into effect. The bill’s... -
Jul 11, 2025The hysterical reactions to the Republican tax bill is strikingly similar to the overwrought reactions to the Reagan tax cuts in the early 1980s. Now, like then,... -
Jul 2, 2025The Senate has passed the President’s tax and budget bill and sent it back to the House for final approval. Not every member of the House is happy with the Senate bill, and a... -
Jun 27, 2025As the Senate moves forward on the tax bill debate, Senators should resist any impulse to turn to the corporate tax rate as a new source of revenue. The real world experience of the...
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Jun 18, 2025As the tax debate heats up in the Senate, Congressional Democrats are stepping up their misleading and inaccurate attacks on Republican tax cuts. Democrats in the House and...
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Jun 2, 2025As the Senate prepares to begin consideration of the House-passed tax bill, the media and congressional Democrats are suddenly worried about budget deficits. After cheering on... -
May 15, 2025Congressional Republicans are moving forward with their tax reform bill, and by leaving the current 21% corporate tax rate alone, their bill will be a win for working people. In... -
May 3, 2025During the Reagan administration, President Reagan cut tax rates across the board, reducing the top individual tax rate from 70% to 28% and cutting the corporate tax rate. The... -
Apr 25, 2025As Congress begins consideration of the tax bill, Congressional tax writers should take note of a new study showing the damaging economic effects of proposed tax increases on carried... -
Apr 18, 2025One of the main goals of the Trump administration is to increase investment in America. The President believes that attracting foreign investment and increasing domestic investment... -
Apr 5, 2025For the last four years, the Biden-Harris administration pushed Congress to raise taxes on the American people. Every year, they proposed raising the top individual tax rate and...
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Mar 20, 2025House Republicans have begun meeting to begin considering their next steps on their tax reform bill. For a majority of them, this will be the first major tax bill they will pass.... -
Mar 13, 2025As Congress prepares to begin work on the tax bill, they should ignore any call to increase the corporate tax rate to raise more revenue. While Congressional Republicans recognize... -
Mar 5, 2025For the last four years, Congressional Republicans have been steadfast in supporting pro-growth tax policies and opposing every single Democratic proposal to raise tax rates on work,... -
Feb 22, 2025The top priority of Congressional Republicans is to extend the 2017 tax cuts to avoid a $4 trillion tax increase. That should be an easy task. But House Republicans appear to have...
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Jan 31, 2025The Congressional Budget Office recently released a report analyzing the accuracy of their budget projections. The agency releases this report every year comparing its forecasts of... -
Jan 17, 2025The Tax Foundation has released a new report comparing corporate tax rates around the world. The reports shows that the U.S. corporate tax rate is now higher than corporate tax rates...
