News
CNN Money | Boehner: No tax hikes for super committee
House Speaker John Boehner drew a line in the sand on taxes on Thursday, saying that a special debt committee tasked with cutting at least $1.2 trillion from federal deficits shouldn't consider tax hikes.
WSJ | Boehner Pushes Tax Overhaul
House Speaker John Boehner wants Congress's deficit-reduction committee to initiate a broad rewrite of the tax code that closes loopholes without adding new tax revenue.
NY Times | Amnesty Program Yields Millions More in Back Taxes
More than 12,000 American taxpayers have voluntarily revealed their secret offshore bank accounts to the Internal Revenue Service as part of the government’s latest tax amnesty program, agency officials said on Thursday.
WSJ | Spain to Impose New Wealth Tax
Finance Minister Elena Salgado told journalists Thursday that the tax "will reinforce budgetary stability" and will be applied to people with net assets of more than €700,000 ($962,780) in 2011 and 2012.
Econ Comments
WSJ | Soak the Rich? No, Soak the Needy
Obama's proposal to limit charitable tax deductions punishes those who receive, not just those who give.
Reports
Heritage Foundation | Obama’s Jobs Plan: Permanent Tax Hikes on Job Creators
In the end, the tax hikes would be permanent while the jobs policies temporary; thus, the proposal is really a tax hike plan rather than a jobs plan.
