News
Market Watch | Republicans link payroll tax cut to oil pipeline
House Republican leaders on Thursday linked speeded-up approval of a controversial oil pipeline to extending a payroll tax cut and unemployment benefits, picking a fight with President Barack Obama with just three weeks remaining for Congress to renew the expiring aid.
Econ Comments
WSJ | Europe's Growth Deficit
The Continent tries to tax its way back to prosperity.
Washington Times | PINKERTON: Rising tide for the American people
Prosperity goes up as corporate tax rate goes down.
WSJ | The Millionaire Subsidy Elimination Act
Cutting benefits to those who don't need them is a better way to trim deficits than hurting the economy with higher tax rates.
Blogs
Marginal Revolution | Stephen Williamson on inequality and taxation
...I think it is likely that tax revenue is much more elastic with respect to the tax rate, particularly in the long run, than Diamond and Saez are letting on. To evaluate this properly, you need a serious model, and they have not provided one.
Reports
CRS | Reasons for the Decline in Corporate Tax Revenues
Corporate tax revenues have declined over the last six decades. In the post-World War II era, corporate tax revenue as a percentage of gross domestic product (GDP) peaked in 1952 at 6.1%. Today, the corporate tax generates revenue equal to approximately 1.3% of GDP.
