News
Politico | Max Baucus, Orrin Hatch strike deal on business tax package
Top Democrats and Republicans on the Senate Finance Committee have struck a deal to extend billions of dollars in business and personal tax breaks in a sign that members from both parties can still cut deals when popular items are on the line.
Econ Comments & Analysis
WSJ | No Internet Taxation Without Representation
Our nation was born from the idea of "no taxation without representation"—that citizens should not be taxed by governments in which they have no political voice. Yet now lawmakers in Washington want to overturn that bedrock principle in order to extract more revenues from American consumers.
Forbes | As California Founders, It's Time For A Tax Cut In Texas
The public finance news out of California is slipping from grim to bleak. First Stockton in the Central Valley declared bankruptcy. Then, San Bernardino followed suit.
AEI | Tax hikes will slow growth, kill jobs -- but won't reduce the debt
Last week, the Senate voted in favor of the Democrats's tax plan to extend the Bush tax cuts for Americans earning less than $200,000 and against the Republicans' tax plan for extending the cuts to all Americans. This would mean a tax hike for high-income Americans.
Blogs
Tax Foundation | How the States Would Be Affected by Extension of the Bush Tax Cuts and Other Provisions
With just five months to go until the largest tax increase since World War II, a.k.a. “Taxmageddon”, some people are getting concerned about the impact on the economy. This week the House will vote on a GOP proposal to extend through 2013 the Bush tax cuts of 2001 and 2003 and the Alternative Minimum Tax (AMT) patch, two of the largest components of Taxmageddon.
