The Trump team’s argument goes something like this: Cutting taxes on businesses will free up profits they will invest in new factories, research and development, and new equipment. The resulting investment boom will spur growth, as firms hire and as workers harness new ideas and equipment to produce more than they used to.
Let’s look at what happened the last time the US tested this logic. In 1986, Ronald Reagan signed cuts that brought corporate taxes to 35%, down from 48%.
In the five years after the tax cut, investment growth averaged 1.6%, compared with more than 8% between 1977 and 1981.
Source: Tax bill 2017: The Reagan corporate-tax cut didn’t work — Quartz
There are 141 million visits to the emergency room each year, and nearly all of them (including Saifan’s) have a charge for something called a facility fee. This is the price of walking through the door and seeking service. It does not include any care provided.
Emergency rooms argue that these fees are necessary to keep their doors open, so they can be ready 24/7 to treat anything from a sore back to a gunshot wound. But there is also wide variation in how much hospitals charge for these fees, raising questions about how they are set and how closely they are tethered to overhead costs.
Most hospitals do not make these fees public. Patients typically learn what their emergency room facility fee is when they receive a bill weeks later.
Source: Emergency rooms are monopolies. Patients pay the price. – Vox
Not content with taking the US to the brink of nuclear conflict with North Korea, Donald Trump is now set to apply his strategy of international vandalism to perhaps the most sensitive geopolitical hotspot in the world.
With a speech scheduled for later today that’s expected to recognize Jerusalem as the capital of Israel and reaffirm a pledge to move the US embassy to the city, he is walking into a bone-dry forest with a naked flame.
Source: Donald Trump’s Jerusalem statement is an act of diplomatic arson | Jonathan Freedland | Opinion | The Guardian