Econ Comments
Politico | Cut taxes? U.S. already levy-light
Would the tea party movement be happy with a 20 percent across-the-board tax cut? All taxes, all sources — state, local, excise, corporate, whatever. And real cuts, measured by real taxes that people actually pay — the actual share of taxes in gross domestic product — without being misled by the nominal rates that almost no one pays in reality.
Blogs
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The Atlantic | Do We Really Need to Raise Taxes to Close the Deficit?
If the GOP really believes that they can get to anything close to a sustainable budget without raising taxes at least a little bit, then they are spending too much time reading their own press releases, and far too little time talking to voters outside of their tea party base.
The Atlantic | Regulations Aren't What They Used to Be
As the angry debate over Ryan's budget plan wears on, one suggestion I'm seeing over and over is that we should just raise personal and corporate income tax rates back to where they were in the 1950s, when marginal tax rates were 50% on corporate income and up to 90% on personal income, while the effective rates were arguably nearly as high.
