News
Politico | President Obama's tax proposal could anger left
President Barack Obama is expected to use his budget proposal to call on Congress to overhaul the corporate tax system in a way that doesn’t generate additional revenue, a move that is sure to anger liberal Democrats in the Senate.
Econ Comments & Analysis
Washington Times | Collecting taxes, dispensing fear
Do you think you receive fair value for the money you spend on taxes? The fact is you don’t, because there is excessive corruption in both the way your tax money is collected and in the way it is spent. Many countries are notorious for the tax collectors being “on the take.” At the federal level, it is rare for an Internal Revenue Service agent to put his hand out, but that does not rule out considerable corruption.
CNN Money | The real reason corporate tax reform is going nowhere fast
Imagine being a brain surgeon given the job of fixing a tumor without being able to see its true size or shape. That wouldn't work too well, would it? It would be even worse if you thought you knew the tumor's size and shape but you had it wrong. Sure, that sounds ridiculous. But that's the situation in which we find ourselves when it comes to fixing the federal corporate income tax, which has a 35% stated rate but more holes than Swiss cheese.
Washington Times | Digging up the gold standard of tax reform
No single labor statistic speaks more loudly, or more painfully, than the announcement that the Obama economy created a puny 88,000 jobs last month.
Slate | Scrap the Corporate Income Tax
No cause is dearer to Washington than corporate income tax reform. The president is for it. The Republican House leadership is for it. Max Baucus, Democratic chairman of the relevant Senate committee is for it. (And boy, oh boy, is he for it. A New York Times article over the weekend revealed that no fewer than 28 former Baucus staffers are currently lobbying on tax issues.)
Heritage Foundation | The Dos and Don’ts of Tax Reform
Congress continues to work toward badly needed fundamental tax reform, and Ways and Means Committee Chairman Dave Camp (R–MI) and Senate Finance Committee Chairman Max Baucus (D–MT) are leading the way. Chairman Camp in particular is carefully and methodically laying the necessary groundwork.
