News
FOX News | Millions noticing paychecks lighter today, due to payroll tax hike
Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle.
Bloomberg | Private Equity’s Carried Interest Eyed by Congress: Taxes
The preferential tax rates that private-equity managers pay on some profits survived Congress’s Jan. 1 budget deal. That victory may not last.
Econ Comments & Analysis
Washington Times | Governor Tax Hike
November’s election results shook Republican resolve. Seeing Barack Obama retain his grip on the White House inspired a number of GOP statehouse leaders to wave the white flag on taxes during the “fiscal cliff” debate. On Wednesday, Virginia Gov. Bob McDonnell went a step further by proposing to raise taxes by $3.1 billion as part of his transportation agenda.
Blogs
The Volokh Conspiracy | Tax Rates and Political Ignorance
Three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates, according to a new poll for The Hill.
FOX Business | New Government Report Backs Car Mileage Tax
A new government report backs federal mileage-based user fees, which drivers would have to pay at tollbooths.
