News
MarketWatch | Congress may take only tax cuts from Obama plan
President Barack Obama’s jobs plan is unlikely to survive intact as Congress will likely strip out and pass tax breaks while leaving other proposed spending programs on the cutting room floor, analysts said Friday.
WSJ | Treasury Weighs New Tax Scheme
The Treasury Department is considering a proposal to eliminate some but not all taxes on the overseas profits of U.S. multinational companies, a central element of the administration's broader plans to overhaul the corporate-tax code, according to two people familiar with the deliberations.
Econ Comments
National Journal | The Small-Bore Solution
Extending the payroll-tax cut beyond 2012 is an anchor of Obama’s jobs plan. Good luck with that.
Blogs
Cato@Liberty | President Obama’s $447 Billion Tax Increase
When the details are revealed on September 19, the President will be proposing large and permanent increases in the highest income tax rates − mainly to “pay for” a small and temporary cut in payroll taxes (which accounts for 54 percent of his $447 billion package).
