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Wednesday, October 5, 2011

Taxes

News                                                                                                                             
Politico | Reid considers surtax on millionaires
Senate Majority Leader Harry Reid is eyeing a tax on the nation’s highest earners as a way to defray some of the $447 billion price tag for the White House-written jobs package-a move that would shift attention away from its underlying policies and more towards party politics.

Econ Comments                                                                                                             
CNN Money | Taxes and debt: Left and right dare to agree
...the inexorable arithmetic of ever-rising health care costs implies that, without reform, even modestly higher taxes won't be enough -- and no one wants the tax share to keep rising without limit.

Blogs                                                                                                                             
Mercatus Center: Neighborhood Effects | Tax breaks in the eye of the beholder
While lawmakers may often favor elimination of tax breaks, in general, they tend to protect the ones they helped create.
Heritage Foundation | In Pictures: How Much the Top Earners Already Pay in Taxes
…if [Obama] wants to talk about “fairness,” he should look at how much top income earners already pay in taxes...