News
Fox News | Obama Eyes Tax Increases in Debt Plan, Faces GOP Opposition
Obama's speech comes on the heels of a Treasury Department report showing the federal deficit soared 15.7 percent in the first six months of fiscal 2011.
Politico | John Boehner toughens his tax-hike stance
House Speaker John Boehner (R-Ohio) and House Majority Leader Eric Cantor (R-Va.) had been staking out slightly different stances on whether tax increases should be a part of the discussion on entitlement reform, with Boehner leaving a small window and Cantor taking a hard line.
Washington Times | Senator to introduce two bills to help combat tax evasion
Offshore abuses cost U.S. $100 billion in lost revenue.
Econ Comments
CNN Money | Tax the rich! OK, but then what, Mr. President?
Certainly, continuing to promise low taxes for 98% of the country will help his newly launched 2012 re-election campaign. But it wouldn't be a great path to reining in debt.
Bloomberg | Paul Ryan Plan or Higher Taxes, Take Your Pick: Amity Shlaes
The best move for anyone of either party who wants even a shot at blocking tax increases before it’s too late ought to line up behind House Budget Committee Chairman Paul Ryan like a recruit at basic training.
Reports
Mercatus Center | Lessons from the 1986 Tax Reform Act
What Policy Makers Need to Learn to Avoid the Mistakes of the Past.
AEI | Public Opinion on Taxes: 1937 to Today
In seventy years of surveys, we can find no instance in which more than a tiny percentage of Americans said the amount they paid in taxes was too low.
