Econ Comments
AEI | Should Groceries Be Exempt from Sales Tax?
As I explained in my other articles, the taxation of business purchases and the disparate treatment of consumer goods and services are irrational policies that lack coherent justification. In contrast, the exemption of groceries serves the essential purpose of easing the fiscal burden on those with limited economic means.
Blogs
Heritage Foundation | Conservatives Beware: The Boehner Plan Leads to Tax Increases
The Boehner plan has two steps. The first step cuts spending by $1.2 trillion — but over ten years, and, as usual with these plans, the deep cuts come in the later years, which makes it less likely that they will ever occur.
American: Enterprise Blog | Means Tests as Marginal Tax Increases
My gut is that an explicit means test, like that proposed by the Heritage Foundation, which would reduce Social Security and Medicare benefits by around 45 cents for each dollar of a retiree’s income above $55,000, would have its largest effect on earnings of retired individuals.
