News
CNN Money | Tax hikes on the way for Connecticut residents
Governor Dannel Malloy on Wednesday signed a $40.1 billion budget that raises taxes on sales, income, cigarettes and corporations.
Econ Comments
NY Times | Raise Taxes, but Not Tax Rates
At their worst, such tax expenditures create incentives for wasteful borrowing and spending; they have been factors in the mortgage crisis and the rising cost of health care.
Blogs
NRO: The Corner | How Punishing Is the Corporate Income Tax?
As it turns out, the U.S. not only imposes high rates, it also taxes corporations on a worldwide basis: Profits made by an American-owned computer plant are subject to U.S. taxes whether the plant is located in Texas or Ireland. Most major countries don’t tax foreign business income.
The Hill | Obama administration floats draft plan to tax cars by the mile
Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations.
