Econ Comments & Analysis
WSJ | Schumer to Tax Reform: Drop Dead
The polls say voters want more bipartisanship, and one possibility in 2013 is tax reform that trades lower rates for fewer loopholes. Well, so much for that. The man who wants to be the next leader of the Senate Democrats has declared that this "old-style of tax reform is obsolete."
The American | Obama’s Big Tax Increases on Small Business
It is quite a stretch for President Obama to argue that he wants to cut taxes for small businesses. In reality, he is proposing to increase taxes on small businesses by around $49 billion.
AEI | Statutory and effective tax rates: Part 2
In the first article of this two-part series, I considered the incentive effects of income and consumption taxes in a hypothetical economy with no passage of time and therefore no savings.1 In that hypothetical economy, individuals chose how much to work and consume and which goods to consume, but had no choice about when to work or consume. I now extend the analysis to consider an economy that features the passage of time.
