News
Bloomberg | U.S. House Tax Cut Vote Continues Partisan Staredown
The U.S. House of Representatives voted to extend tax cuts through 2013 for all income levels, defying a veto threat from President Barack Obama and setting up a partisan showdown on fiscal policy after the Nov. 6 election.
National Journal | Bush Tax-Cut Votes All About November
Wednesday’s House votes on the fate of the Bush-era tax cuts ran along expected party lines, nicely setting the stage for taxation to be a focal point in the presidential race.
Blogs
CATO | The Long and the Short on Internet Tax
Last week, Steve Titch gave you a thorough run-down on the TechLiberationFront blog. Now Tim Carney has a quick primer on the push by big retailers to increase tax collection on goods sold online.
National Review | No Taxation Without Representation, Except on the Internet
There was never any doubt in my mind that the moment that Internet giant Amazon.com caved to pressure and agreed to start collecting tax from its out-of-state consumers, we would be a step closer to losing the fight over “no Internet tax without representation.” Amazon caved a few months ago.
Tax Foundation | How Did the Tax Code Get So Progressive?
Imagine a society with 5 people, where the two richest people pay all the taxes, the middle person pays nothing, and the two poorest people actually have a negative tax rate, meaning the rich are paying them through the tax code. Then any cut in the tax rate will disproportionately benefit the rich guys. This is the federal income tax code, in a nutshell.
