News
WSJ | Fall in Property-Tax Revenue Squeezes Cities
Local governments have endured the first back-to-back declines in quarterly property-tax revenue on record, Census Bureau data show, in part because some have been unable or unwilling to raise tax rates fast enough to offset drops in home prices.
Econ Comments
WSJ | Get Ready for a 70% Marginal Tax Rate
Some argue the U.S. economy can bear higher pre-Reagan tax rates. But those rates applied to a much smaller fraction of taxpayers than what we're headed for without spending cuts.
Washington Times | WOODALL: FairTax means jobs
Eliminating hidden taxes would make America competitive again.
RCM | The Astronomical Cost of Not Taxing Everything
You say too many members of Congress made a No New Taxes pledge? Recent polls show that three out of five Constitutional scholars agree that the Fourteenth Amendment has always empowered the president to set tax rates at 100% on everything, as long as he deems it necessary to avoid default. Any new tax bill that sets rates lower than 100% would then technically qualify as a tax cut. Boom, pledge problem solved.
Washington Times | EDITORIAL: Read Obama’s lips: More new taxes
The 1990 budget deal shows compromising on taxes leads to political disaster.
