News
Bloomberg | S.F. Mayor Says Tax Plan Would Create 10,000 Tech Jobs
San Francisco Mayor Edwin Lee said his proposal to ease business taxes, if approved by voters, would bring 10,000 technology jobs to the city in the next two years.
Econ Comments & Analysis
WSJ | Priming the Tax Pump
California Sen. Dianne Feinstein leads her Republican challenger Elizabeth Emken by 20 points, so she can't possibly be worried about re-election. What, then, explains her indignant missive to the Federal Trade Commission blaming the state's 50-cent gas price spike last week on "malicious trading schemes"?
Blogs
Heritage Foundation | Boehner Is Right: Tell the Wall Street Moguls “No Tax Hikes”
Speaker of the U.S. House of Representatives John Boehner (R-OH) has made clear that he opposes tax hikes on Americans. Tax hikes would slow the economy even more and kill jobs. But some “titans of finance” want Congress to hike your taxes.
Tax Foundation | Middle-Income Now Get $2.14 in Transfer Income for Every $1 They Pay in Federal Taxes
Last week, we reported on a recent CBO study indicating that 60 percent of American households now get more in federal transfer income than they pay in all federal taxes. While it is not surprising that low income households receive more in transfer income than they pay in all federal taxes, it was surprising to learn that households in the middle quintile are now over that threshold. Indeed, in 2009, they got $2.14 in transfer income for every dollar they paid in federal taxes.
AEI | Obama’s $40,000 middle-class tax hike
I recently wrote about a new paper from AEI’s Aspen Gorry and Matt Jensen that looks at the real annual cost of servicing the debt for households at various income levels — including a potentially higher tax burden — under the most recent Obama budget
