News
CNN: Money | Lack of AMT fix could delay 100 million tax returns
As many as 100 million taxpayers may be unable to file their returns until late March and would face refund delays if Congress fails to reach a fiscal cliff deal by Dec. 31 that includes an Alternative Minimum Tax fix.
Econ Comments & Analysis
Washington Times | TAYLOR AND TANTON: Blow off wind-production tax credit
Wind-energy advocates claim that with just one more extension of the 20-year-old “temporary” wind-production tax credit, wind generation finally could become competitive with conventional sources of electricity. The truth is, it’s never been competitive — and has only appeared to be close because some of its costs have been subsidized and others have been ignored.
RCM | To Reduce Tax Avoidance, Eliminate Deductions and Cut Taxes
Tax avoidance is legal. Most tax avoidance entails the use of deductions expressly created by governments, and it includes everything from the homeowner's mortgage-interest deduction to corporate deductions for research and development.
LA Times | Kinsley: Tuning the tax code
Given that all taxes are disincentives, what kinds of taxes do we want?
Blogs
WSJ: Real Time Economics | Tax Increases Coming Whether Fiscal Cliff Is Averted or Not
Neither the Obama administration nor congressional Republicans want to increase taxes on everyone, but most workers are likely to see lower take-home pay in 2013, eating away at economic growth.
