News
NY Times | An Often Procrastinating Congress Is Raring at the Gate on Tax Cuts
It is a maxim in Congress these days: If high-profile legislation affecting millions of Americans is about to expire, deal with it at the last possible second, preferably with rancor.
Econ Comments & Analysis
Washington Times | The Not-So-Free State
Maryland Gov. Martin O'Malley signed a quarter-billion dollars’ worth of tax increases into law on Tuesday. The move is meant to keep the state’s ever-expanding budget on a path toward growth. “Growth” is the last thing the private-sector economy is going to see in the Free State.
Blogs
Neighborhood Effects | New Research on Dedicated Taxes
Earlier this week, George Crowley and Adam Hoffer published new Mercatus research on dedicated tax revenues in the states. The practice of dedicating tax revenues to a specific purpose is popular among both politicians and voters.
Tax Foundation | Maryland Gov. O'Malley Signs Tax Increases into Law
On May 22 Maryland Gov. Martin O'Malley signed into law a bill raising income taxes and tobacco taxes and ending certain business tax breaks. The bill increases tax rates for single filers making over $100,000 ($150,000 for a couple) with a new top rate of 5.75% on income over $250,000 ($300,000 for a couple).
