News
Washington Times | D.C. Council approves biggest tax cut in 15 years
The D.C. Council on Wednesday gave its blessing to the first significant package of tax cuts in the District since 1999, providing relief to residents of a city whose coffers have swelled in recent years along with its cost of living.
Econ Comments & Analysis
Bloomberg View | Dave Camp's Good Tax Policy Is Good Politics, Too
In this election year, it’s no surprise that House Ways and Means Committee Chairman Dave Camp’s effort to reform the federal tax code has met significant resistance both on Wall Street and in Washington. Although the Michigan Republican remains committed to a fundamental revision of the system, he is now pursuing a different course: making permanent some of the temporary, but pro-growth, elements of the existing code.
Blogs
WSJ | Japan Retail Sales Show Sales Tax Beginning to Bite
Japan’s higher sales tax began taking a bite out of consumption in April, as retail sales dived 13.7% on-month, the biggest fall under the current data series that began in 2002.
CATO | Corporate Taxes: Less Is More
Why does the Canadian federal government collect 1.9 percent of GDP in revenues with a 15 percent corporate tax rate, while the U.S. federal government only collects about the same (2.0 percent) with a 35 percent corporate tax rate?
