News
Politico | Senators vague on tax-break cuts
Indiana Democratic Sen. Joe Donnelly’s proposal was three paragraphs long. Sen. John Thune (R-S.D.) called for major tax cuts without explaining how to finance them. Sen. Rand Paul (R-Ky.) skipped it altogether.
Washington Post | Obama’s plan to link corporate tax reform, jobs spending is quickly rejected by GOP
President Obama on Tuesday proposed spending more on creating jobs in exchange for an overhaul of business taxes. But the idea quickly devolved into the type of partisan finger-pointing that shows why any agreement will be so difficult.
Econ Comments & Analysis
Washington Times | Marketplace fairness deception
The deceptively named Marketplace Fairness Act, H.R. 684, currently being considered in Washington would change these principles. It would create a new requirement for online retailers to charge taxes based on where a consumer lives or where he intends to use the product purchased. That’s like requiring any retailer to “card” customers, find out where they live, and then charge them that sales tax at the checkout counter. What a nightmare — for everyone involved.
WSJ | Obama's 'Grand Bargain' With Obama
In Chattanooga on Tuesday, the latest stop on his economic inequality tour, President Obama made himself an offer he couldn't refuse. If Congressional Republicans agree to a corporate tax increase, he said, then he'll agree to spend more money on his favorite public-works projects. If Republicans bargain hard, will he also offer an expansion of ObamaCare as a sweetener?
