News
CNN Money | Economists: Extend Bush tax cuts
Economists want to see the Bush-era tax cuts extended, but are split on whether President Obama's proposal is the way to give the economy the biggest boost.
Politico | President Obama wields taxes as wedge
President Barack Obama launched his proposal to extend the Bush tax cuts for people making less than $250,000 per year with a quick caution — that it “really shouldn’t” renew talk of class warfare.
CNN Money | Middle class taxes may rise anyway
President Obama and Republicans battled Monday over a familiar dividing line: the Bush tax cuts.
Market Watch | Obama calls for extending middle-class tax cuts
It isn’t the time to raise taxes on the middle class when the nation’s economy remains “fragile” and “folks are digging themselves out of the hole that was created by this great recession,” Obama said in a brief statement at the White House.
Econ Comments & Analysis
Heritage Foundation | Obama’s Taxmageddon Tax Increase Would Hurt Job Creation
Pressure is building on President Obama and Congress to stop Taxmageddon, a $494 billion one-year tax increase that is poised to strike the economy on January 1, 2013.[1] After a considerable period of silence, President Obama finally entered the debate about Taxmageddon in a recent speech.
Washington Times | Obama’s high-tax pledge
In the wake of Friday’s disappointing Labor Department announcement that a measly 80,000 jobs were created last month, Mr. Obama said he wants to punish a million job creators with higher taxes. Such a counterproductive policy will only make the unemployment lines longer.
CNN Money | Trim your tax bill
To hang on to more of your money, give up less to the government.
WSJ | Off the Tax Cliff He Goes
So the 2013 tax cliff is a big enough economic problem that President Obama now wants to postpone it for some taxpayers. But it isn't so big that he's willing to curb his desire to raise taxes on tens of thousands of job-creating businesses.
Washington Times | Rise of the global tax collectors
The Constitution gives Congress the exclusive right to tax Americans at the federal level. Yet Congress continues to give away this most fundamental responsibility to international organizations, the most dangerous of which is the Paris-based Organization for Economic Cooperation and Development (OECD).
CATO | Would a Financial Transaction Tax Affect Financial Market Activity? Insights from Futures Markets
In the wake of the recent financial crisis, several commentators have suggested a transaction tax on financial markets. The potential consequences of such a tax could be hazardous to the financial markets affected as well as to the economy.
Blogs
Daily Finance | Here's a Corporate Tax Loophole a Porsche Could Drive Through
For years, much of the tax-paying American public has been appalled by the loopholes that U.S. corporations and rich individuals use to reduce their tax liability to the IRS.
