News
WSJ | Wealthy French Push for Extra Tax on Rich
As Sarkozy Seeks to Plug Holes in Budget, Heirs and CEOs Say in Open Letter That 'We Feel We Must Contribute'.
National Journal | Contra Boehner, Business Economists Favor Some Tax Hikes
"Only with spending cuts" came in third, at 12 percent, followed by "mostly with tax increases" (nearly 6 percent) and "only with tax increases" (1 percent).
WSJ | Canada Province Is Poised to Repeal Sales Tax
The 12% consumption levy, referred to as the HST, or harmonized sales tax, has sparked one of the most spirited debates in recent Canadian political history—pitting the provincial government against an unlikely coalition of right-wing, small-government advocates and the province's main left-wing opposition party.
Econ Comments
Washington Times | EDITORIAL: The coming pension earthquake
Obscure government corporation has taxpayers on the hook for billions.
WSJ | A Value-Added Tax Fuels Big Government
In Europe the VAT hasn't substituted for income taxation. It's merely added to the tax burden.
Washington Post | The GOP will raise taxes — on the middle class and working poor
It doesn’t apply to any wage income in excess of $106,800 a year. It’s the payroll tax that they want to raise — to 6.2 percent from 4.2 percent of your paycheck, a level established for one year in December’s budget deal at Democrats’ insistence.
Forbes | The Laffer Curve Files: JFK's Advisor Said Tax Cuts Raise Revenue
Walter Heller, who had been John F. Kennedy’s CEA chair in the 1960s, called for “big tax cuts for stimulus to generate jobs, output and profits….Use fiscal revenues created by output gains to cover tax cuts and spending programs (repeat early ’60s).”
