News
WSJ | Corporate-Tax Revamp Faces Hurdle
Despite broad agreement that the corporate tax code is a flawed mélange, election-year skepticism from Republicans and strained relations between the White House and the business community complicate the Obama administration's plans to overhaul it.
NY Times | Talk of Taxing the Rich More Faces Political Realities
President Obama’s call for “tax fairness” and Mitt Romney’s tax returns have catapulted the debate over tax increases on the rich to the top of the political agenda.
CNN Money | Obama's 30% millionaire tax
President Obama this week defined what he believes should be the minimum "fair share" for millionaires and billionaires to pay in taxes. His answer: At least 30% of their income.
WSJ | Payroll-Tax Break Still Divides Lawmakers
Democratic and Republican negotiators plunged back into the debate at their first public meeting Tuesday, offering diverging ideas over how to pay for the extensions—estimated to cost about $160 billion in total
Econ Comments & Analysis
Washington Times | Tax cheats on the federal rolls
Figures released this week show 98,291 current civilian employees have a severe tax lien against them. When retirees and military personnel are included, the debt figure goes up to an astounding $3.4 billion.
Market Watch | Tax deductions: Enjoy them while you can
Two-thirds of U.S. taxpayers claim the standard deduction, but if ever there was a time to make the most of valuable tax deductions and credits, it might be now, before it’s too late.
WSJ | The Buffett Ruse
The U.S. economy is still hobbling out of recession, real family incomes are falling and 14 million Americans are unemployed, but Mr. Obama declared that his top priority is not to reform the tax code to promote growth and job creation.
Washington Times | Reshaping Social Security and our society
Social Security has fundamentally changed. This is because the historical, almost sacrosanct, linkage between Social Security taxes and benefits has been severed.
FOX Business | The Truth About the Federal Tax Burden
You wouldn’t be at fault if you thought President Barack Obama could make a rainbow sound defeatist if you listened to his State of the Union address last night.
Real Clear Markets | President Obama's Capital Gains Tax Envy
In his State of the Union Address Tuesday evening, President Obama repeated his call for tax increases on high income earners-even though some of these same tax increases failed to get through Congress in 2010 when the Democrats controlled both Houses.
Blogs
Tax Foundation | 2012 State Business Tax Climate Index Released
The 10 best states in this year's 2012 Index are Wyoming, South Dakota, Nevada, Alaska, Florida, New Hampshire, Washington, Montana, Texas, and Utah.
National Review | Poor Warren Buffett's Secretary
Buffett does pay more in taxes than his secretary, both in dollar amount and as share of income, when one properly takes the double taxation of corporate profit into consideration.
