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Prospect Weekend Reads
Week of January 23rd
Stories from the week you don't want to miss!
CAROLYN KASTER/AP PHOTO
Rep. Buddy Carter (R-GA) is the lead Republican behind the
reintroduction of congressional "Fair Tax" legislation that would repeal
the federal income tax and abolish the IRS.
The Freedom Caucus Has a Harebrained Plan to Jack Up Taxes on the Poor
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The Freedom Caucus has proposed a plan to abolish the IRS and federal
taxes and replace them with a national sales tax of 30 percent, which
would be the greatest upward income redistribution in American history.
As Ryan Cooper explains, it's a good thing it won't pass.
A Pitched Battle on Corporate Power
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In 2021, President Biden signed an expansive executive order containing
72 actions to increase competition in the U.S. economy. Read David
Dayen's deep dive into the Biden administration's progress in
reinvigorating anti-monopoly policy.
Wall Street's Big Bet on Rewiring America
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In 2019, the city of Ithaca set a goal of going carbon-neutral by 2030.
Three years later, Andreessen Horowitz and Goldman Sachs are among
numerous private-sector investors with a stake in the city's Green New
Deal. Lee Harris reports on what electrification on the local level
looks like in practice.
The Myth of Jeffrey Zients
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Incoming White House Chief of Staff Jeffrey Zients owes his entire
career in public service to his corporate worldview and connections. As
Max Moran illustrates, Zients' dubious past raises questions about his
fitness for the job.
Puerto Rican Cities Sue Big Oil for Alleged Racketeering
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For decades, oil companies have eluded legal responsibility for carbon
emissions and lying about climate change. Now, a novel lawsuit recently
filed by 16 Puerto Rican cities could successfully hold them
accountable. Ramenda Cyrus has the story.
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