Wells Fargo CEO promises to spend not one cent of the GOP tax gift on investment or wages

Wells Fargo CEO Tim Sloan -- who inherited the most scandal-haunted bank of them all this year -- reassured his investors in a CNN Money interview that not one dime of the tax savings the GOP will deliver to his company will be reinvested or used to increase wages: instead, it will all go to buy-backs and dividends. Read the rest

Architect of Reagan's tax cuts reminds us that tax cuts don't stimulate the economy

Bruce Bartlett served in Reagan's White House as domestic policy adviser and was an aide to Rep. Jack Kemp [R-NY], co-sponsor of the Kemp-Roth bill, which turned Reagan's campaign tax promises into law in 1981. Read the rest