News
Bloomberg | Small-Business Tax Cut Bill Points Up Divide on Economy
The U.S. House is set to pass a tax cut for small businesses in a vote that will underscore the divergent fiscal priorities of Republicans and Democrats in Congress.
Econ Comments & Analysis
WSJ | Bipartisan Tax Gimmickry
Senate Democrats lost their latest attempt at tax flim-flam on Monday when their 30% minimum tax (the Buffett rule) went down to easy defeat. House Republicans plan to counter as early as today with their own tax gimmick, albeit a business tax cut. They are both walking advertisements for tax reform.
CATO | Marching toward Taxmageddon
Americans effectively stop paying for government on Tax Freedom Day. Directly, that is. Regulation acts as a huge de facto tax. And many other liberties have been lost to government over the years.
Blogs
The American | Why we can’t go back to sky-high, 1950s tax rates
The top marginal tax rate was 91% during the 1950s. Here’s why we can’t go back
CATO | Milton Friedman on Tax Freedom Day
The Tax Foundation reported that Tuesday was Tax Freedom Day (TFD), which is the day that Americans stop “working for the government” through their tax payments and start working for themselves.
