Econ Comments
WSJ | California's New Green Tax
As the world retreats from cap and trade, Sacramento signs on.
Bloomberg | How Higher Taxes for a Few Lightens Load for All: Phil Keisling
On Jan. 1, 2012, almost every working American will be hit with the biggest tax increase of his or her lifetime. That’s when the Social Security payroll tax will revert to its pre-2009 rate of 6.2 percent, from 4.2 percent now.
Forbes | A Flat Tax Would Be Fine, A Consumption Tax True Perfection
For one, much as a flat tax would inspire lobbyists looking for deductions on what would be a simplified tax, so would the same occur with a consumption levy.
Blogs
Heritage Foundation | Chart of the Week: Taxing the Wealthy to Cover Future Deficits Won’t Work
Democrats on the Joint Select Committee on Deficit Reduction last week floated a proposal that includes massive tax increases on wealthy Americans. While their plan would also include some cuts to entitlement programs, the tax-code changes make up a significant portion, according to press reports.
EconLog | The Missed Opportunity of the Payroll Tax Cut
I admit that I may be unusually clueless about my income. I further admit that workers don't have to notice a tax cut to respond to the higher income it generates. But I still have to insist that tax cuts are more likely to change behavior if they're widely noticed - and Obama's payroll tax cut doesn't qualify.
