Econ Comments & Analysis
WSJ | High Tax Rates Won't Slow Growth
The share of pre-tax income accruing to the top 1% of earners in the U.S. has more than doubled to about 20% in 2010 from less than 10% in the 1970s. At the same time, the average federal income tax rate on top earners has declined significantly.
Forbes | Christina Romer Knows Tax Hikes Will Kill the Recovery
A powerful analysis by President Barack Obama’s first Chair of his Council of Economic Advisers (CEA) indicates the President’s proposed tax increases would kill the economic recovery and throw nearly 1 million Americans out of work.
