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Friday, June 29, 2012

Taxes

Econ Comments & Analysis                                                                                            
WSJ | ObamaCare and the Power to Tax
The provision challenged under the Constitution is either a penalty or else a tax. Of course in many cases what was a regulatory mandate enforced by a penalty could have been imposed as a tax upon permissible action; or what was imposed as a tax upon permissible action could have been a regulatory mandate enforced by a penalty.
Washington Times | The Obamacare tax
The Supreme Court affirmed on Thursday what the White House never wanted to hear: Obamacare constitutes the largest and most regressive tax in American history.