News
Bloomberg | Repatriation Bill Would Tax Offshore Profits at 8.75 Percent
The rate on repatriated profits would drop to 5.25 percent if a company’s payroll expanded during 2012, according to a summary of the bill confirmed by an aide to McCain, an Arizona Republican. The current top corporate rate is 35 percent.
WSJ | Democrats Float Tax on Top Earners
Senate Leaders Propose 5.6% Bite on Income Over $1 Million to Stem Defections From Obama's Jobs Bill.
National Journal | Van Hollen Has Tax Reform on His Mind
For super committee member Rep. Chris Van Hollen, the Holy Grail of deficit reduction may lie in reforming the tax code.
Econ Comments
Project Syndicate | The Wrong Tax for Europe
Higher transactions taxes increase the cost of capital, ultimately lowering investment.
WSJ | Harry Reid's Household Remedy
Economy got you down? Pass a millionaire surtax.
Blogs
Atlantic: McArdle | Should We Tax Financial Transactions?
Tiny taxes on high-volume transactions raise a lot of money, but they also cost money to record, collect, and audit, which is why few jurisdictions have 0.25% sales taxes.
