After 18 months of intensive study, the President’s Economic Recovery Advisory Board has released (PDF) a comprehensive review of the country’s tax code and made recommendations for simplification.
The board notes that the tax code has changed so often — 15,000 times since a major 1986 tax overhaul — More…
Imagine a government that moves its top income tax rate higher and higher every year. At some point, that imaginary government would raise taxes so high that it would dissuade its citizens from bothering to make more money at all: Taxing income at, say, 80 percent might actually bring in More…
By a surprisingly clear 53-47 and 54-46 margins, voters in Oregon have approved ballot measures raising taxes on wealthier residents. It’s the sort of story you’d hear more about if it went the other way. As Fox News reported yesterday:
The No campaign is also getting a boost
Eric Kleefeld and Matthew Yglesias point out something that hasn’t gotten too much attention. There were two-anti tax measures on the ballot yesterday in Maine and in Washington state. In Maine, the measure failed by 20 points, and in Washington it failed by 10 points. The momentum is actually More…
From the anti-AIG bonus tax statement of Rep. Patrick McHenry (R-N.C.), who is no one’s idea of a disloyal Republican:
The blame for these bonuses rests solely with the Bush and Obama Administrations and those who march in lock step with their irresponsible policies.
The post-facto excommunication of President George More…
An editorial in today’s Wall Street Journal attacks President Obama’s cap-and-trade plan to curb carbon emissions as a “regressive” policy:
Hit hardest would be the “95% of working families” Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat “unless you use energy.” Putting a
They will raise your taxes.
It’s an old Republican line of attack, but Obama’s latest ad throws it in Sen. John McCain’s face.
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