News
WSJ | Obama Yokes Benefit Cuts to New Taxes
Mr. Obama's position, laid out as he announced a new plan to cut deficits by $3.6 trillion over 10 years, increases the challenges for a congressional supercommittee to reach a deficit-cutting deal by Thanksgiving because Republican leaders have ruled out tax increases.
CNN Money | Obama's federal worker 'tax'
Union groups for federal employees don't like a piece of President Obama's plan to cut $3 trillion from deficits over the next decade -- the one that has all federal workers contributing more to their pensions.
Econ Comments
Washington Times | MILLER: The Buffett tax
Obama’s $1.5 trillion hike would wreak havoc on floundering economy.
WSJ | The Buffett Alternative Tax
The rich don't pay lower average tax rates.
Washington Times | RAHN: Stealth wealth tax
Lower interest rates and inflation are eroding Americans’ savings.
RCM | Only Class Warfare Explains Obama's Bizarre Tax Attack
Almost all of Warren Buffett's income comes from capital gains taxed at 15 percent. He only pays himself $100,000 a year, which would be taxed at the top rate. Most of his wealth is untaxed as unrealized capital gains. So his effective income-tax rate is lower than his secretary's.
AEI | Do Taxes Narrow the Wealth Gap?
Obama wants to tax the rich. Republicans say he's promoting class warfare. Can taxes bridge the income gap?
Blogs
Political Calculations | The Itemized Tax Deductions of the Rich and Famous
What tax deductions do the rich and famous, as well as all other Americans who earn more than $200,000 per year, claim on their U.S. tax returns, and how much do they claim for each?
NRO: The Corner | Who Wants to Tax a Millionaire?
Obviously, Warren Buffett likes having spending at its current 25.3 percent level, which is why he is trying to find ways to pay for it.
