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Monday, March 12, 2012

Taxes

News                                                                                                                             
Market Watch | Debate on transaction tax heats up in Europe
A debate about imposing a financial-transaction tax in Europe is heating up, with a key discussion set for this week at a summit of the region’s leaders, but observers say there is little chance the European Union will impose such a tax any time soon.

Econ Comments & Analysis                                                                                            
Washington Times | Tax on fuel exports wouldn’t cheapen gas here
The American people understandably are upset about high oil prices that have forced up the price of gasoline, straining family budgets and hurting struggling businesses.

Blogs                                                                                                                             
Tax Foundation | Idaho Considers Tax Supermajority Requirement
State legislation is often described as an expression of majority rule. However, the legislative process contains steps that seem designed to hinder spontaneous expressions of majority sentiment.
Heritage Foundation | Most Voters Say America is Overtaxed
According to a new Rasmussen poll, 56% of likely U.S. voters believe America is overtaxed. Those numbers follow a poll last week that shows that the vast majority of likely voters want individuals and businesses to pay lower rates.
Greg Mankiw | Obama shifts stance on dividend taxes
In the summer of 2008, the Obama campaign's two top economists proudly proclaimed that their candidate favored a dividend tax rate of 20 percent, "lower than all but five of the last 92 years."