Econ Comments & Analysis
Washington Times | U.S. should ax destructive tax
It’s difficult to say definitively which tax is the most destructive. The corporate income tax is a leading candidate for causing higher prices to consumers, lower wages to workers and lower returns to investors.
Washington Times | Relief for American enterprise
The U.S. economy is in desperate need of a boost. That’s not surprising considering our businesses struggle under a tax burden higher than what is found in any other major industrialized nation. It’s long past time to slash these rates and restore the competitiveness of American industry.
CATO | The IRS Has Gone Rogue
A president who says “I haven’t raised taxes” has authorized his Internal Revenue Service issue a “final rule” that will illegally tax some 12 million individuals, plus large employers, in as many as 40 states beginning in 2014. Oklahoma’s attorney general has asked a federal court to block this rule. Members of Congress have introduced legislation in both the House and the Senate to quash it.
Blogs
Library of Economics | Hoisted from the Comments: Is European Progressivity Tiebout?
A supporting piece of evidence is that the US has a more progressive national taxation system - far more progressive - than most / all European nations, and it is far far easier to exit the European tax regimes than the US federal regime.
AEI | UK tax reform: A roadmap for the U.S.?
While our combined corporate rate of 39.1 percent may be old news, what can or should be done about it is still a highly relevant question. Among others, AEI’s Kevin Hassett has stressed the importance of corporate tax reform, but what form the reforms should take is highly debated.
