News
National Journal | GOP Still Wrestling With Payroll-Tax Cut
Republican leaders privately warned rank-and-file lawmakers on Wednesday to get behind President’s Obama’s requested payroll-tax cut extension or face election-year charges that the GOP raised taxes on Americans struggling in an uncertain economy.
CNN Money | Senate Republicans lay out payroll tax cut plan
Senate Republicans on Wednesday released the outlines of their proposal to extend the payroll tax cut -- and it differs significantly from one put out by Senate Democrats.
Politico | Fed salary freeze to cover payroll tax cut
President Barack Obama instituted a two-year federal pay freeze that began Jan. 1. Republicans would like to extend the freeze for three more years and cut the federal workforce by 10 percent, or 200,000 employees, by 2015.
CNN Money | Amazon and eBay brawl over Web sales tax
Amazon and eBay had it out in a public brawl in Washington on Wednesday during a congressional hearing about allowing states to collect sales tax on Internet purchases.
Econ Comments
Forbes | The Sheer Tax Naivete Of Krugman, Shiller And Sachs
In the wake of the failure of Congress’ “Supercommittee” to agree upon a plan for reining in the U.S. budget deficit, Progressives have once again started beating the drums for higher taxes.
Reports
CRS | Tax Provisions Expiring in 2011 and "Tax Extenders"
A number of temporary tax provisions are scheduled to expire at the end of 2011. Notably, the temporary two-percentage-point reduction in the payroll tax rate for individuals was enacted, at the end of 2010, as a one-year temporary provision. Other provisions scheduled to expire at the end of 2011 include the Alternative Minimum Tax (AMT) "patch," as well as a number of previously extended temporary provisions known as "tax extenders."
