News
NY Times | Obama Poised for New Fight With G.O.P. Over Tax Cuts
With a torpid job market and a fragile economy threatening his re-election chances, President Obama is changing the subject to tax fairness, calling for a one-year extension of the Bush-era tax cuts for people making less than $250,000.
Washington Times | Economy Briefs: AIG wants $30.2 million in tax interest
American International Group, the insurance giant saved by a massive federal bailout, wants some tax money back from 1991.
Econ Comments & Analysis
WSJ | A Short History of Congress's Power to Tax
In 1935, Secretary of Labor Frances Perkins was fretting about finding a constitutional basis for the Social Security Act. Supreme Court Justice Harlan Fiske Stone advised her, "The taxing power, my dear, the taxing power. You can do anything under the taxing power."
Blogs
Neighborhod Effects | To Regulate or to Tax
It has now been a week since the Supreme Court handed down its long-awaited ruling on the ACA. From an individual liberty perspective, it was either a dark cloud with a silver lining or a dark cloud with a dark lining.
National Review | More on the President’s Uninsured Tax
There has been, understandably, a lot of attention paid to the tax that uninsured Americans will have to pay if they decide not to buy insurance.
AEI | Top 400 taxpayers paid almost as much in federal income taxes in 2009 as the entire bottom 50%
We hear all the time that the “rich don’t pay their fair share of taxes” (you’ll find more than 100,000 Google search results for that phrase). Here’s an analysis using recent IRS data that suggests otherwise.
WSJ | Greeks Hide Tens of Billions From Tax Man
If Greece’s government was as adept as its banks at figuring out what its citizens earn, the world might be a very different place.
