News
WSJ | White House Hints at Flexibility on Taxes
The White House has cracked open the door to a budget compromise with congressional Republicans by signaling it might not insist on raising taxes as part of a deal to replace some scheduled spending cuts, people familiar with the matter said.
Econ Comments & Analysis
Washignton Times | Income tax turns 100
In all this excitement over the Internal Revenue Service scandal, a key milestone in American history has passed with little notice. This year, the income tax turns 100, and that brings up issues of major importance.
Blogs
NY Times | A New View of the Corporate Income Tax
One of the least well-known aspects of tax policy-making is the distribution table, which is produced by the Joint Committee on Taxation, a Congressional committee, for every major tax bill. The tables show how the legislation affects taxpayers at different income levels. It is a generally understood, if unstated, rule that tax cuts should be evenly distributed in percentage terms while tax increases should primarily fall on the well to do.
Heritage Foundation | 3 Trillion Reasons Not to Raise Taxes Again
Today, a special congressional committee will meet to start hashing out what the next budget could look like—and members of this committee will face a lot of pressure to raise taxes again.
