News
Roll Call | GOP Blocks Senate Small-Business Tax Cut Bill
Senate Republicans made good on their threat to filibuster a Democratic small-business tax cut bill today, ensuring the bill fell seven votes short of what it needed to move forward.
Econ Comments & Analysis
Brookings | End the Bush Tax Cuts and Start Over
Earlier this week, President Barack Obama proposed to extend the Bush-era income tax cuts, which expire at the end of this year, for one year for people with income below $250,000. People with higher income would continue to receive all of the benefits of lower taxes on their first $250,000 of income, but the tax rate they face on income above that amount would rise.
Blogs
Heritage Foundation | Obama’s Small-Business Tax Could Average $25,000
President Obama has made raising taxes on “the rich” a central plank of his re-election campaign. Yet even many Democrats are questioning the wisdom of hiking taxing on job creators while the economy is still struggling and unemployment is still lingering at over 8 percent.
Politico | Webb 'a no' on Obama tax plan
Sen. Jim Webb (D-Va.) said Thursday he's opposed to President Barack Obama's plan to extend the Bush-era tax cuts to household income under $250,000 for one year, joining Sen. Joe Lieberman (I-Conn.) as two members of the 53-member Senate Democratic Caucus who plan to vote against the plan.
CNN Money | The Bush tax cuts everyone would keep
Washington is locked in a battle over what to do about the Bush tax cuts, which are set to expire at the end of the year.
Greg Mankiw | Anti-poverty programs raise effective marginal tax rates
We calculate the effective average marginal tax rate if this household increases its income from $10,000 to $40,000. That is, how much of the additional $30,000 of earnings is lost to government through direct taxes or loss of benefits?
