News
CNBC | Cost of Tax Cut: Another $17 a Month on Most Mortgages
Who is paying for the two-month extension of the payroll tax cut working its way through Congress? The cost is being dropped in the laps of most people who buy homes or refinance beginning next year.
Econ Comments
RollCall | GOP Leaders Reject Payroll Tax Deal
A year-end deal to extend a popular tax cut and unemployment benefits collapsed in the span of 48 hours this weekend as the House GOP rejected en masse an agreement that had the blessing of Senate Minority Leader Mitch McConnell and most Senate Republicans.
Cato Institute | Soaking the Rich Won't Grow the Economy
We tried soaking the rich in the past, but the resulting revenue loss was more than we possibly could afford today.
Blogs
Atlantic: Megan McArdle | When It Comes to Taxes on the Poor, the Supply Siders Are Right
The question is what is the policy solution here. Means-tested transfers have to be phased out at some point, so there is no easy answer.
Minyanville | What New Tax and Regulatory Changes May Mean for You
All the squabbling in Washington may look like a political game, but the decisions -- or lack thereof -- made by Congress this year may have a significant impact on your bottom line in 2012.
Heritage Foundation | Millionaire Tax Would Punish the Biggest Job Creators
According to the new Treasury report, 50 percent of the income earned by businesses that pay their taxes through the individual income tax code and employ workers would be subject to the millionaire tax that Senator Reid demands to “pay for” an extension of the payroll tax holiday.
Minyanville | Examining the Economic Implications of the Payroll Tax Cut Extension
A temporary payroll tax cut now means a corresponding pay hike later, meaning the economy is scheduled to take a growth hit in the coming months.
