News
NY Times | In Debt Talks, Divide on What Tax Breaks Are Worth Keeping
Plenty of lawmakers are against tax breaks and so-called loopholes. Unless, of course, they personally helped create them.
Market Watch | Tax deadline for Roth IRA do-over coming up fast
Some retirement savers might rue the big tax bill that came from their decision to convert a traditional individual retirement account to a Roth IRA. But those who made a conversion in 2010 still have a couple of weeks left to undo that move.
Econ Comments
WSJ | Driving the Rich Into the Sea
Megaship ahoy! To escape higher taxes, the wealthy could relocate...to open waters.
NY Times | The Problem With ‘No New Taxes’
Many professed fiscal conservatives still find it necessary to pander to voter illusions that only a modicum of fiscal adjustment is needed. That’s an indication of how far we are from true fiscal conservatism, but also a sign of how much it is needed.
Cato Institute | Bad for Taxpayers and Whales
Congress created the National Flood Insurance Program in 1968 as a way to reduce the expense of federal disaster assistance. The idea was that those choosing to live in harm's way should contribute ahead of time to their own assistance. Instead, the program has grown into a disaster of its own, currently $18 billion in debt.
Blogs
Heritage Foundation | Morning Bell: Ready for A Debit Card Tax?
Use a debit card? Now it’s really going to cost you. Bank of America announced last week that it will begin charging customers $5 per month for use of their debit cards. But if you’re looking for someone to blame, set your sights on Washington.
