News
Fox News | Federal jobless tax for employers expiring quietly
It won't affect workers' paychecks. But the expiration of a 35-year-old "temporary" unemployment tax — about $14 a year per worker — will mean real money for some big companies at a time when President Barack Obama is pushing Congress to raise taxes on businesses by closing some loopholes.
WSJ | President Gets Flak for Jet-Tax Idea
Almost immediately, however, business leaders and some union officials criticized the president, saying such a move could jeopardize the executive-aircraft sector's still-fragile recovery.
Bloomberg | Bill Clinton Backs U.S. Tax Holiday on Foreign Profits, With Caveats
Former U.S. President Bill Clinton endorsed a tax holiday on repatriating offshore profits with conditions, taking a position contrary to the Obama administration.
Econ Comments
Washington Times | MILLER: Democrats gaga for taxes
Tax-hiking strategy will backfire with the American people.
AEI | Corporate Jets and Tax Breaks
For starters, Obama's most recent budget calls for adding $9.5 trillion in new debt over the next decade. If you got rid of the "accelerated depreciation" of corporate jets, Reuters economics columnist James Pethokoukis calculates, it would save a whopping .03 percent of that total.
Blogs
Cato@Liberty | The “Tax Expenditure” Con Job
For both political and policy reasons, the left is desperately trying to maneuver Republicans into going along with a tax increase. And they are smart to make this their top goal. After all, it will be very difficult – if not impossible – to increase the burden of government spending without more revenue coming to Washington.
Atlantic: Clive Crook | Reforming US Corporate Taxes
Robert Pozen has a proposal: move to a modified territorial system.
