News
USA Today | Delays in delivery of tax refunds continue, tax pros say
Taxpayers are continuing to wait longer than usual to receive their refunds, and a recent problem with the IRS' "Where's My Refund" tool caused many to fear that their returns hadn't been filed at all, tax preparers say.
NY Times | Winners and Losers From a Tax Proposal
The Obama administration, seeking to promote domestic manufacturing without increasing the federal deficit, proposed Wednesday to offset new tax breaks for manufacturers by raising taxes on a wide range of other companies.
USA Today | Economists don't like some of Obama's corporate tax plan
Economists note that Obama's plan would carve up the very playing field the administration says it wants to level. It would give manufacturers preferential treatment
Econ Comments & Analysis
Washington Times | Obama will cut taxes?
After two years of reading speeches and making vague promises, President Obama on Wednesday finally released a concrete tax proposal.
Real Clear Markets | Obama's Cynical Tax Reform Ploy
President Obama is dressing up his corporate tax reform plan as a way to boost economic growth. But you don't have to look hard to see this for what it is: a brazenly cynical attempt to boost his re-election chances.
Bloomberg | Tax Cuts Should Create Growth, Not Junk Spending: Amity Shlaes
Payroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal
WSJ | Obama's Tax Reform Muddle
Yesterday's release of the White House "Business Tax Reform" marks a watershed in the corporate tax debate. Now nearly everyone acknowledges that U.S. corporate tax rates hurt American companies.
Blogs
Neighborhood Effects | Virginia and New Jersey wrangle over taxes, spending and pensions
In the past week Virginia and New Jersey have put together their proposed budgets. One thing they have in common: how much to set aside for pension benefits, and how to pay for it?
Tax Foundation | Obama Corporate Tax Plan: Lots of Pain for Little Gain
The administration has released its much awaited corporate tax reform plan that would cut the federal corporate tax rate to 28 percent from 35 percent while eliminating a host of corporate tax preferences.
Marginal Revolution | The incentive effects of marginal tax rates
Marginal rates changed frequently and drastically in the 1920s and 1930s, and the changes varied greatly across income groups at the top of the income distribution.
The American | Sorry, Kevin Drum, even the effective U.S. corporate tax rate is sky high
By our calculation, the US statutory rate is nearly 10 percentage points higher than the effective average rate and nearly 17 percentage points higher than the effective marginal tax rate.
National Review | Tax Deliquency Among Federal Employees
We all remember how the Secretary of Treasury’s Senate confirmation was delayed because he hadn’t paid Social Security and Medicare taxes for several years while he worked for the International Monetary Fund. Well, it turns out he isn’t the only federal employee reluctant to pay his tax bill in full.
Keith Hennessey | The President’s Buffett Rule is vaporware
The President has not actually proposed a tax policy that fits this principle. Neither his budget nor the tax proposals released by Treasury include any policy specifics to establish a new minimum 30% tax rate for those with income > $1M.
Tax Foundation | The President’s Corporate Tax Reform Plan: Rhetoric and Reality
The administration released today its corporate tax reform "framework", which is largely a rehash of previous proposals, but with a lowering of the corporate rate from 35 percent to 28 percent. As with previous proposals, there is a complete disconnect between the rhetoric and reality
CATO | Obama’s Corporate Tax Reform
President Obama released a document on business tax reform today. I’m glad the administration is taking an interest in this important topic, but his plan has more negatives than positives.
