News
National Journal | Obama Ignores Critics of 'Buffett Rule,' Presses Case on Fairness
President Obama, undeterred by growing skepticism of the political and economic merits of the so-called "Buffett Rule," is pressing forward on his demand that Congress adopt a minimum tax rate on millionaires, arguing on Tuesday that “it’s time for us to choose which direction we want to go in as a country” and ridiculing the idea that benefits can “trickle down” to the middle class.
CNN Money | Ryan: Let's do tax reform this year
Paul Ryan, the Republican chairman of the House Budget Committee, says that since the Bush tax cuts are set to expire at the end of this year anyway, now would be a good time for Congress to pass comprehensive tax reform.
Politico | Art Laffer: Don't die in Tennessee
Former Reagan economic adviser Art Laffer thinks his home state of Tennessee is a great place to live. And to friendly business crowds in the state, he’s been singing its praises of late — praise for everything from Tennessee’s lack of an income tax to its low union activity to its low property tax burden.
Econ Comments & Analysis
WSJ | What's a 'Fair' Tax for the Mega Millionaires?
According to the headlines, three winning ticket holders in the March 30 Mega Millions lottery will split $656 million. Actually, the lucky winners will get quite a bit less—the payout will be reduced by about 35% to cover what they owe in federal income taxes, not to mention what they will owe in state and local taxes.
WSJ | The Obama Rule
This week the Administration officially endorsed what in essence is the Obama Rule: Taxes must be high simply to spread the wealth, never mind the impact on the economy or government revenue. It's all about "fairness," baby.
Blogs
Tax Foundation | Buffett Rule is really an Anti-Corporate Rule
Today the President once again pushed the Buffet Rule millionaire surtax as the solution to our tax problems.
