News
WSJ | Taxes Remain Stumbling Block For Deficit Panel
The rejection by Democratic and Republican members of the deficit-reduction supercommittee of each others' opening offers may mark the beginning, not the end, of an intensifying effort to determine whether taxes will be raised as part of a compromise, officials following the work of the panel said Thursday.
Econ Comments
Washington Times | LAMBRO: Republicans tout tax reform
Lower, simpler levies are only way out of Obama recession.
Bloomberg | Want to Create Jobs? First Cut Capital-Gains Taxes: Amity Shlaes
Along with jobs, raising taxes on the rich is one of things the Wall Street protesters feel strongly about, as Andrew Cuomo, the Democratic governor of New York, is learning all too well.
Blogs
Heritage Foundation | Super Committee Proposal: Tax Hikes Should Be a Nonstarter
Few, if any, details had leaked—until today, when we learned that the Democrats are trying to break the logjam and “go large” by offering up a deficit reduction package approaching $3 trillion.
American: Enterprise Blog | The chained CPI is a stealth tax increase
Various news sources are reporting that Congressional Democrats on the deficit supercommittee have floated the idea of changing the measure of inflation used for most federal policies.
