News
Bloomberg | House Action on Online Tax Seen Less Urgent Than Senate
Retailers and state governments are on the verge of winning U.S. Senate passage of a bill today that would let states tax out-of-state retailers, providing up to $23 billion a year in new revenue. They may lose momentum in the Republican-controlled House, where the issue won’t get a vote quickly.
Econ Comments & Analysis
WSJ | Tax Reform Needs Accurate Tax Tables
As Congress moves toward tax reform this year, lawmakers on both sides of the aisle say they favor changes to the tax code that will keep the system as "progressive" as it is now. Congress uses tax-distribution tables to determine how different income groups are affected by tax proposals as a means of assessing progressivity.
Washington Times | Rep. Paul Ryan: ‘Concept’ of Internet tax is solid
Rep. Paul Ryan said that an Internet tax isn’t a bad idea but that the devil was in the details.
CRS | Tax Reform in the 113th Congress: An Overview of Proposals
Most agree that the U.S. tax system is in need of substantial reforms. The 113th Congress continues to explore ways to make the U.S. tax system simpler, fairer, and more efficient. Identifying and enacting policies that will result in a simpler, fairer, and more efficient tax system remains a challenge.
Blogs
CATO | Huge Value-Added Tax Increases in Europe Show Why Washington Politicians Should Never Be Given a New Source of Tax Revenue
The most important, powerful, and relevant argument against the value-added tax in the short run is that we can balance the budget in just five years by capping spending so it grows at the rate of inflation, a very modest level of fiscal restraint.
