News
CNN Money | Colorado gets $2 million from marijuana taxes
Colorado raked in about $2 million from taxes on recreational marijuana in January, the first month it was legal to sell non-medicinal pot in the state.
Bloomberg | Obama’s Tax-Credit Boost Plan Refocuses Poverty Debate: Economy
Policy makers on both sides of the partisan divide, from Treasury Secretary Jacob J. Lew to Mitt Romney’s economic adviser Glenn Hubbard, favor expanding the Earned Income Tax Credit. This rare harmony holds the potential to reshape the debate on bridging the growing opportunity gap.
Econ Comments & Analysis
Forbes | Obama Democrats Versus Kennedy Democrats
Kennedy, Truman, and FDR were liberals. But they were true American patriots, who like Reagan, led the rebuilding of America’s defenses to defeat the Fascists, and the Communists. But today’s Democrat Party of Barack Obama, Elizabeth Warren, Bill DeBlasio, and Hillary Clinton is more Marxist than any party in Communist China, or formerly Communist Russia.
CRS | Restrictions on Itemized Tax Deductions: Policy Options and Analysis
The President and leading Members of Congress have indicated that income tax reform is a major policy objective. Some itemized deductions are visible candidates for "broadening the base" of the individual income tax and cutting back on tax expenditures and primarily consist of deductions for mortgage interest, state and local taxes, and charitable contributions.
Blogs
FOX Business | What Changes to Expect on Your 2013 Tax Return
The countdown is on with just five weeks to go to April 15! Tax season is upon us, and if you are wealthy or simply well-to-do, steel yourself, you are about to get soaked. Tax changes for the 2013 tax year are huge and the nation's top earners are likely to see their tax rates rise above a whopping 50 percent.
Library of Economics | Milton and Rose Friedman on High Taxation
When the law interferes with people's pursuit of their own values, they will try to find a way around. They will evade the law, they will break the law, or they will leave the country. Few of us believe in a moral code that justifies forcing people to give up much of what they produce to finance payments to persons they do not know for purposes they may not approve of.
