News
USA TODAY | Economy could get bumpier if tax cut expires Dec. 31
Economists are growing more worried that Congress will not extend this year's payroll-tax cut past Dec. 31, pulling up to $120 billion out of consumers' pockets and cutting into already tepid forecasts for household spending in the first half of 2012.
Econ Comments
National Journal | QUICK TAKE: Coburn Study Targets Tax Benefits For The Wealthy
The findings are sure to resonate with congressional Democrats who embraced President Obama's recent call for a millionaires tax to plug the deficit hole.
Daily Finance | Even if Buffett Tax Passes, Middle Class Could Still Get Hit
Ultimately, there is no painless way to balance the budget: Doing so will require some combination of spending cuts, middle class tax increases and tax hikes on the wealthy. The solution, whatever it is, will leave everybody somewhat unhappy.
WSJ | Crony Capitalism, Chicago-Style
The new economy: Tax hikes for all, tax relief for the well-connected, campaign contributions for the politicians.
Blogs
NRO: The Corner | Who Wants to Subsidize a Millionaire?
While I don’t think that millionaires should be targeted, as a group, for tax increases, I don’t think the government should be giving away money to them, either.
