News
CNN Money | France's Hollande wants 75% tax on rich
French President Francois Hollande made changes to his failed proposal for a 75% top tax rate on Thursday, shifting the burden of payment from individuals to businesses that pay salaries over 1 million euros.
Econ Comments & Analysis
WSJ | The Senate Gets Dynamic
Congress has a dreadful record predicting the economic impact of its policies, in part because it relies on computer models that are as reliable as tarot cards. So it's a good sign that before going on recess a majority of the Senate endorsed "dynamic scoring" of changes in tax law.
WSJ | Corporate-Tax Reform Without Tears
Economists have long recognized the damaging effects of the high U.S. corporate tax—at 35%, the rate is the highest in the industrialized world. Over the past few years, politicians in both parties have come to understand that the corporate tax system itself is dysfunctional, causing resources to be misallocated and encouraging corporations to invest overseas.
