News
Washington Times | Economy Briefs: French taxes increased to meet budget targets
France's Socialist government hit big business and the rich with tax hikes Wednesday to ensure the country meets its 2017 balanced budget target as eurozone growth lags and Italy struggles.
Econ Comments & Analysis
AEI | Happy birthday, America! Time to totally overhaul your tax code
Economic growth is impeded by the income tax's penalty on saving and investment. Under today's income tax system, people who save to spend later in life may be taxed many times on their saving - first on the income they save and then on the returns to their savings over time. In contrast, those who spend today are taxed only once. The use of consumption taxation would avoid this disparity
