News
Bloomberg | U.S. Analyzes ‘Great Difficulties’ of Taxing Financial Products
U.S. lawmakers seeking to overhaul the Internal Revenue Code are examining how derivatives and other financial products should be treated and how investors can structure transactions for more favorable tax results.
WSJ | GOP Rejects Democrats' New Payroll-Tax Bill
Senate Democrats on Monday unveiled a scaled-back bill to extend payroll-tax relief that drops President Barack Obama's proposal to cut employers' payroll taxes and reduces a proposed tax on millionaires.
Econ Comments
WSJ | Tax Rates, Inequality and the 1%
Those who obsess over income shares should welcome stock market crashes and deep recessions because such calamities invariably reduce 'inequality.'
Blogs
American: Enterprise Blog | The Payroll Tax Holiday Is a Bad Bipartisan Idea
Attempting to manage the business cycle by turning on and off temporary provisions is risky business and creates uncertainty for taxpayers.
Cato@Liberty | It Is Less Important Who Pays Taxes Than What Government Does With Them
Quite simply, this debate between Republicans and Democrats over who should bear the costs of government is completely misplaced. We should be asking ourselves why the government has such a deep involvement in our lives in the first place.
NRO: The Corner | Extending the Payroll-Tax Cut
The debate over the extension of the payroll-tax cut has made for some strange bedfellows.
WSJ: Real Time Economics | OECD Suggests Raising Taxes to Combat Inequality
In its first report on the subject since 2008, the OECD said the gap between rich and poor in most of its 34 members has continued to widen.
Reports
CRS | Tax Rates and Economic Growth
This report summarizes the evidence on the relationship between tax rates and economic growth, referring in a number of cases to other CRS reports providing more substance and detail.
