Econ Comments & Analysis
Daily Caller | Obama’s tax proposals would make the tax code more complicated, less fair
President Obama has a new budget and a new Treasury study that promise “tax reform.” He says that he wants to abolish “dozens of tax loopholes,” but he also proposes a boatload of new special-interest tax breaks. The president says that he wants everyone to “play by the same rules.” His tax plan does the opposite.
Financial Times | The US tax system needs rebuilding
Less discussed in the context of major deficit reduction is tax reform. For a variety of reasons, 2013 should be the year when the tax code is overhauled in a substantial way.
WSJ | Tangled Tax Code Primed for Pruning
President Barack Obama's business-tax-overhaul plan underscores the growing likelihood of a serious effort to revamp the nation's much-criticized tax system, no matter who wins the White House.
Blogs
CATO | Patriotism, Loyalty, Tax Competition, and ‘Tax Fugitives’
I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal climates.
The American | 3 ways Obama’s corporate tax reform framework falls short
On Wednesday, President Obama proposed a framework that lowers the top corporate tax rate from 35 to 28 percent and offsets the revenue loss by curtailing various business tax credits and deductions. Although the proposal sounds like a step forward, closer examination reveals that it is unlikely to benefit the overall economy.
