News
Bloomberg | Chesapeake’s 1% Tax Rate Shows Cost of Drilling Subsidy
Chesapeake Energy Corp. (CHK) made $5.5 billion in pretax profits since its founding more than two decades ago. So far, the second-largest U.S. natural-gas producer has paid income taxes on almost none of it.
Econ Comments & Analysis
Washington Times | Court’s awful ruling taxes our patients
When is a tax not a tax? Answer: When you’re busy pushing a major expansion of government like Obamacare. The tax that is not a tax becomes a “penalty” or a “shared responsibility payment” in the text of the bill. In campaign lingo, it becomes an “investment.”
Blogs
Economic Policy Journal | Obamacare: 21 New or Higher Taxes
Ryan Ellis puts together some important data on the tax impact of Obamacare
Economist | Obama’s life-threatening allergy
Grover Norquist is fond of saying Americans can choose from two brands of political party. The Republican brand won’t raise your taxes, the Democratic brand will. This is actually only half right. Neither party has much appetite for raising taxes.
