News
CNN: Money | Pawlenty's super-rich tax cuts
Under the terms of his recently revealed economic plan, Americans in the top 20% of earners would see their taxes cut by an average of $23,500, an 8.6 percentage point drop in their tax rate, according to an analysis by the nonpartisan Tax Policy Center.
National Journal | U.S. Companies Advocate Tax Break on Offshore Profits
The proposal would reduce the federal income tax owed on offshore corporate profits that are returned to the United States. The tax on those profits would drop from 35 percent to 5.25 percent for one year.
Econ Comments
Minyanville | Federal Tax Receipts Show Economy Grinding to a Halt
With the Fed now set to end its program of quantitative easing for the time being and government spending set to decline, the squeeze should worsen in coming months.
