Plan would institute top tax rate of 25%, but detail still to emerge
Taxes
Reid and McConnell: No Tax Reform in 2014
House proposal by Rep. Dave Camp (R—Mich.) will fall on deaf ears in the Senate
White House Punts On NFL Tax Question
President Barack Obama has repeatedly advocated making the federal tax code “fairer” for Americans, but his White House is staying out of the fray when it comes to calls for the federal government to remove one super-sized tax …
Obama Pushes Out IRS Commissioner
IRS commissioner Steven Miller resigns amid reports that IRS employees targeted conservative groups for additional scrutiny (Transcript Included)
New IRS Scandal Echoes a Long History of Political Harassment
While targeting conservative groups may be outrageous, politically motivated audits by the IRS are far from unusual.
Taxing E-Tail: How The Senate Plans To Tax Online Shopping
Americans are supposed to pay state taxes on goods purchased online. Only 1.6% of taxpayers do. A new Senate bill could help states change that, and collect billions of dollars in new revenue
Will High Marijuana Taxes Encourage Black Markets?
Taxes are the one of the best tools to convince citizens and governments of the benefits of a well-regulated marijuana industry. But the marijuana industry in America — in all its various stages of legality — is large and …
How Grover Norquist’s Anti-Tax Pledge Is Broken
Norquist’s proposition is so sweeping that it cannot last in its current form.
Fiscal Cliff Leaves Non-Profits on Edge
Charities are worried this may be the last season of giving.
Rattner Refutes Laffer
In 1974, the economist Arthur Laffer drew a protuberance on a napkin at a White House meeting “demonstrating” that the higher the tax rates are, the lower the revenues they produce. Thus, the birth of supply side economics, a theory that has been disproved dispositively over the past 40 years. The reason why the Laffer Curve is nonsense …
Obama Comes to New York for Barbara Walters and, sorta, the United Nations
Though Gotham is full of visiting heads of government and state, the President is meeting no one this time around. Is it insurance against possible gaffes? Or just a broader excuse not to meet the Prime Minister of Israel?
Counterpoint: Romney Should Totally Release His Tax Returns!
This is a compelling case that Mitt Romney shouldn’t release years of tax returns that he’s not required to disclose. It almost persuaded me. Almost. But I think there are both political and moral reasons Romney should open up the books. The benefits for his campaign–and the public good–are multitudinous.
Why Romney Should Resist Calls to Release His Tax Returns
When it comes to campaign strategy, everyone’s an expert. And as the brouhaha over Mitt Romney’s tax returns drags on, the experts — from Haley Barbour to Ron Paul to an array of seasoned Republican strategists and …