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Tuesday, January 3, 2012

Taxes

News                                                                                                                             
National Journal | McConnell Names Payroll Tax Conferees
Senate Minority Leader Mitch McConnell, R-Ky., named three Republican negotiators on Friday to the conference committee empowered to negotiate a full-year extension of a payroll-tax break for 160 million American workers.
USA Today: Travel | One break for travelers: Cities not looking to raise visitor taxes
For business travelers who'll be back on the road this new year, there's some good news: Cities don't appear eager to increase taxes for renting a room or eating a meal.

Econ Comments                                                                                                             
Washington Times | EDITORIAL: Europe’s airline tax bomb
EU schemers look for lucre in all the wrong places.
Reason Foundation | 77 Percent of Americans Oppose Raising the Gas Tax, Reason-Rupe Transportation Poll Finds
Poll finds a majority of voters support tolls over taxes to pay for roads and favor using public-private partnerships to build critical infrastructure.

Blogs                                                                                                                             
Marginal Revolution | Sentences of note
But overall income inequality would likely have increased even in the absence of tax policy changes.
Daily Capitalist | The Laffer Curve And Austrian School Economics
 I submit for the consideration of the reader that in the bust phase, any change in the tax rate drives a big change at the margin of economic activity.
Marginal Revolution | How is the U.S. tax system different?
A new report by the Organization for Economic Cooperation and Development shows that in the middle of the last decade — i.e., after the Bush tax cuts were introduced — the U.S. income tax was about as strongly redistributive as income taxes in Canada, Denmark, Finland, the Netherlands and Sweden.