News
Bloomberg | Free Money Claim Roils Clash on One-Time Offshore Tax Break
Backers, including such companies as Adobe Systems Inc. (ADBE), Cisco Systems Inc. (CSCO) and Pfizer Inc. (PFE), say bringing home more than $1 trillion in profits that companies have parked outside the U.S. would yield a windfall for the federal government.
CNN: Money | Forget the gas tax - a driving tax may be next
A driving tax could either replace the current 18.4 cent a gallon federal gas tax or, possibly, add to it.
Econ Comments
WSJ | The Incentive to Save Act
If states don't spend, taxpayers should benefit.
Daily Caller | Taxes and government overreach are strangling American small businesses
A quick look at the over regulation and stifling tax complexities imposed on small firms suggest we should take more than one week to focus on the state of our nation's small businesses.
Blogs
Political Calculations | A Striking Thought….;
We were taking a closer look at our chart showing the relationship between total federal government tax collections and median household income in the U.S. since 1967 and were suddenly struck by a thought about the formula we presented in the charts.
Cato@Liberty | Michigan State Policymakers Push to Keep Federal Gas Taxes
Last week I discussed the Obama administration’s decision to redistribute federal high-speed rail money rejected by Florida Gov. Rick Scott. I noted that “Florida taxpayers were spared their state’s share of maintaining the line, but they’re still going to be forced to help foot the bill for passenger-rail projects in other states.” My underlying point was that the states should be allowed to make their own transportation decisions with their own money.
Reports
Cato Institute | Crony Capitalism and Social Engineering: The Case against Tax-Increment Financing
Tax-increment financing (TIF) is an increasingly popular way for cities to promote economic development. TIF works by allowing cities to use the property, sales, and other taxes collected from new developments — taxes that would otherwise go to schools, libraries, fire departments, and other urban services — to subsidize those same developments.
