News
WSJ | Of Liberals and Loopholes
One post-election budget surprise has been President Obama's resistance to John Boehner's proposal to get $800 billion in new revenue by closing tax loopholes. Here's one likely reason: the high tax rates of his blue-state Democratic brethren.
CNBC | How Much Money Would Taxing the Rich Raise?
House Speaker John Boehner's latest tax proposal may mark a big step for Republicans. But it's a very small step in terms of actual tax revenues.
Econ Comments & Analysis
Financial Times | How to fix costly and unjust US tax system
Sooner or later the American tax code will be reformed. Probably sooner. Raising revenue will be the main motivation, but at a time of sharply increasing economic polarisation issues of fairness will be prominent too. There are also legitimate concerns about the complexity of current tax rules and their adverse effects on the economy.
