News
Fox News | Tax Incentives on the Block as Lawmakers Eye Deficit Reduction
President Obama and his Democratic allies have made clear they want additional tax revenues to be part of deficit reduction. Republicans have made clear they will not accept any increases in tax rates.But there's one possible strategy for both sides to get their way: cutting subsidies and deductions in the tax code.
WSJ | Republicans Push Back on Higher Taxes
House Republican leaders, facing a stock-market rout on the first trading day after the U.S. lost its triple-A credit rating, warned colleagues not to feel pressured into raising taxes when the next stage of deficit negotiations begin.
RCM | Why Taxing the Rich Does Not Work
President Obama has said that he wants to "spread the wealth". He proposes to raise taxes on "the rich" to get more money for "stimulus" spending, such as longer unemployment benefits. Let's look at how this "spread the wealth" thing would actually work.
Blogs
New Republic | Why Republicans Don't Want To Extend The Payroll Tax Cut
Republicans oppose a payroll tax cut extension that does not add significantly to the long-term deficit on newfound anti-deficit grounds, unless it can be traded for another, far more regressive tax cut that does significantly add to the long-term deficit.
