News
FOX Business | Senator Mike Lee: Gas Tax Needs to End
President Obama visited New York’s Tappen Zee Bridge on Wednesday to push a $302 billion transportation project, but as the White House is pushing for more infrastructure spending, Republicans and Democrats are at odds over how to pay for it.
WSJ | Income Tax Yo-Yo Hits U.S. States
Many state governments were pulled out of the recession by a surge in tax revenue from their residents' stock-market gains. But that money spigot has slowed, leaving budget holes and debates over the reliance on the wealthy just as many governors face re-election.
Econ Comments & Analysis
NBER | Mansion Tax: The Effect of Transfer Taxes on the Residential Real Estate Market
Houses and apartments sold in New York and New Jersey at prices above $1 million are subject to the so-called 1% "mansion tax" imposed on the full value of the transaction. This policy generates a discontinuity (a "notch") in the overall tax liability.
