News
WSJ | Obama Proposes 'Buffett Rule' for Wealthy
In one of the most eye-catching of President Barack Obama's proposals Monday to change the tax code, he suggested replacing the widely disliked alternative-minimum tax with a 30% minimum tax on people earning at least $1 million, based on the so-called Buffett Rule.
Daily Finance | How State Taxes Put a Bigger Pinch on the Poor
Over the last few months, as Republican presidential candidates have unveiled a stream of plans to cut taxes, they've consistently focused their rhetoric on a very narrow spectrum of our tax burden -- income tax as a percentage of income -- to suggest that the poorest Americans get a free ride at the expense of the wealthiest.
Politico | House GOP reverses on payroll tax cut
At the same time Republicans were railing at Obama for proposing a budget with a $1.3 trillion deficit, House GOP leaders proposed something many in their party thought impossible: adding $100 billion to the deficit by passing a 10-month extension of a Social Security payroll tax cut without paying for it.
WSJ | GOP Pivots on Payroll-Tax Cut
House Republicans reversed themselves Monday and agreed to extend the current payroll-tax reduction for the rest of the year without spending cuts to offset the cost to the Treasury, a major breakthrough in a hard-fought partisan battle.
Washington Times | EU willing to discuss, not drop airline tax
Europe is willing to discuss its new carbon emissions tax for airlines with disgruntled governments - including the United States - but has no plans to scrap the levy
Market Watch | Corporate tax plan to come soon: Geithner
The Obama administration will soon release a framework for reforming the corporate tax system, Treasury Secretary Timothy Geithner said Tuesday.
Bloomberg | Obama Aims Tax Increase at Highest Earners
President Barack Obama called for $1.4 trillion in fresh revenue from Americans at the top of the income scale, proposing higher taxes on wages and investments and limiting breaks for retirement savings and health insurance.
Blogs
Marginal Revolution | Dividends and taxation
We compile a comprehensive international dividend and capital gains tax data set to study tax explanations of corporate payouts for a panel of 6,416 firms from 25 countries for 1990-2008.
The American | More evidence Obama has tax policy exactly backward
The Tax Foundation just did a massive, must-read study looking at which kinds of taxes internationally have the biggest impact on economic growth.
Tax Foundation | "Buffett Rule" Would Cause Marginal Tax Rate of 90%
The Obama administration released today its formal budget proposal for 2013. Included in this proposal are a variety of deficit reduction measures, of which tax increases form a significant part.
The American | Top tax rates could exceed 100 percent under Obama’s Buffett Rule
The marginal tax rate on investment income could plausibly exceed 100 percent! “In other words, taxpayers … would have an incentive to lose money,” according to the research group.
CATO | How Can Obama Look at these Two Charts and Conclude that America Should Have Higher Double Taxation of Dividends and Capital Gains?
The most important number in Obama’s budget is that the burden of government spending will be at least $2 trillion higher in 10 years if the President’s plan is enacted.
