News
WSJ | Japan Considers Tax Increase to Fund Rebuilding
Japan may levy a reconstruction tax as one way to help fund massive rebuilding efforts, the government's top spokesman said…
NY Times | California Is Owed Millions of Dollars by State Employees
In 2009, for example, an audit found that 11 agencies had more than $13 million in outstanding loans.
WSJ | OECD Urges Japan to Raise Sales Tax
Japan should raise its sales tax now to finance reconstruction after the March 11 earthquake, and the Bank of Japan should be ready to buy more bonds to check any rise in longer-term rates…
Econ Comments
Washington Times | POWELL & BACON: Market, not politics, key to development rebound
Tax increment financing makes deals transparent and accountable.
WSJ | Obama's Tax Max
The President floats another payroll tax hike.
Blogs
Atlantic: McArdle | Large Tax Increases are Not A Semantic Question
In order to raise taxes to the 25% of GDP that Kevin wants, all taxes need to rise by at least a third, not just income taxes: excise taxes, corporate income taxes, payroll taxes.
Greg Mankiw's Blog | People Talking Past Each Other
...Steve argues that a rich person who wants to raise taxes on the rich should be voluntarily paying more right now. One example is the rich person who lives in very nice publicly-provided housing on Pennsylvania Avenue in Washington DC.
