Tax Law

Recent Posts

A Benchmark for Socialist Tax Rates
Posted on 15 Mar 2012 by Robert Goulder

You've heard it a thousand times. President Obama wants to continue the Bush-era tax cuts for households with taxable incomes under $250,000 a year, while allowing those cuts to expire for wealthier taxpayers. Were that to occur, the 33% bracket... Read More

Busting Myths About Rich People's Taxes
Posted on 18 Apr 2012 by Martin A. Sullivan

There are good reasons for the government to keep its hand out of the pockets of the wealthy. For example -- and this will be a shocker to most liberals out there -- it is a basic tenet of tax economics that an efficient system should eliminate all taxes... Read More

President Romney's Tax Reform
Posted on 18 Sep 2012 by Martin A. Sullivan

If elected president, Mitt Romney will have to make some adjustments to his tax plan. For now he is saying that he wants to lower rates across the board by 20 percent and entirely offset the cost by scaling back tax expenditures unrelated to investment... Read More

Keynes Reborn: Stimulus Tailored to Republican Tastes
Posted on 17 Dec 2010 by Martin A. Sullivan

Basic economics tells us (1) America needs larger deficits in the short-term to fight unemployment and (2) America needs massive deficit reduction to promote long-term economic growth and prevent a Greek-Irish style fiscal meltdown. The Obama-Republican... Read More

Bubble Over Washington
Posted on 12 Nov 2010 by Martin A. Sullivan

This may sound snobby and elitist—but there’s no avoiding it: Americans need a good lesson in basic economics. How can we say such a terrible thing? Here’s how: every poll and every politician in every congressional district says the... Read More

Taxing the Rich, and Missing the Point
Posted on 30 Jul 2012 by Christopher Bergin

The hot tax news is that President Obama has proposed extending the so-called Bush tax cuts but only for the middle class, not for the people the President thinks are rich. (If he gets what he wants can we start calling them the Obama tax cuts?) Apparently... Read More

Obama's Corporate Minimum Tax
Posted on 5 Mar 2012 by Robert Goulder

President Obama has given us his framework for corporate tax reform . There's much talk about his proposed minimum tax on offshore profits. The framework is thin on details, but we're able to provide the following preview of how the tax might... Read More

Will Developed Countries Learn to Tax?
Posted on 6 Mar 2012 by Allison Christians

In 1963, Nicholas Kaldor published a paper in Foreign Affairs about the ongoing fiscal problems of poor countries, entitled " Will Underdeveloped Countries Learn to Tax? " It turns out Kaldor should have aimed this advice at his own country... Read More

Reasons, Rule and Riots: Our Societal Panic
Posted on 11 Jan 2011 by David Cay Johnston

On the surface, what's going on with tax policy in Washington right now seems crazy. A Democratic president whose enemies call him a socialist makes a deal with Republicans that sells out both his party and the very tax promises that won him the election... Read More

Are You Ready for Taxmageddon?
Posted on 30 May 2012 by Martin A. Sullivan

A combination of spending cuts and tax increases could bring the economy to its knees at the end of 2012. By our count, the economy must deal with nine significant fiscal events that will be automatically triggered by current law if Congress and the president... Read More

Payroll Tax Politics
Posted on 14 Dec 2011 by Robert Goulder

By Robert Goulder The GOP never met a tax cut they didn't like ... until now. That's how Democrats portray Republican reluctance to extend the payroll tax breaks scheduled to expire at the end of the year. Casual observers of U.S. tax policy... Read More

Tags: tax cuts

A Grown-Up Conversation About Corporate Tax
Posted on 27 Feb 2012 by Martin A. Sullivan

Nothing is more fun for liberals than to catch a big multinational abusing U.S. tax laws. Google, Cisco, General Electric, and Apple -- to name a few -- now have public relations problems because the press has put a spotlight on their use of offshore... Read More

The GOP Offers a Sound Tax Reform Program in South Carolina
Posted on 10 Mar 2012 by David Brunori

The Republicans in the South Carolina House are preparing a significant reform plan that will vastly improve the state's tax system. Although details are sketchy, the plan will broaden the sales tax base by eliminating two thirds of the exemptions... Read More

Obama's Rate Cut: How Low Can You Go?
Posted on 23 Feb 2012 by Robert Goulder

President Obama's newly released 'framework' for corporate tax reform envisions a significant rate cut for U.S. firms. You can read the details at the President's Framework for Business Tax Reform . His basic idea is to lower the statutory... Read More

U.K. Road to Competitiveness Is Paved With Tax Increases
Posted on 26 Apr 2012 by Martin A. Sullivan

It has been the stated policy of the United Kingdom's Conservative-led coalition government "to create the most competitive corporate tax regime in the G20." Chancellor of the Exchequer George Osborne reiterated this policy -- expanded to... Read More

  • Blog Post: Bubble Over Washington

    This may sound snobby and elitist—but there’s no avoiding it: Americans need a good lesson in basic economics. How can we say such a terrible thing? Here’s how: every poll and every politician in every congressional district says the nation’s number one problem is lack of jobs...
  • Blog Post: Keynes Reborn: Stimulus Tailored to Republican Tastes

    Basic economics tells us (1) America needs larger deficits in the short-term to fight unemployment and (2) America needs massive deficit reduction to promote long-term economic growth and prevent a Greek-Irish style fiscal meltdown. The Obama-Republican tax plan achieves the first goal admirably. The...
  • Blog Post: Reasons, Rule and Riots: Our Societal Panic

    On the surface, what's going on with tax policy in Washington right now seems crazy. A Democratic president whose enemies call him a socialist makes a deal with Republicans that sells out both his party and the very tax promises that won him the election, while Republicans leaders who say that debt...
  • Blog Post: To Hell With Tax Reform -- For Now

    I hate to drag you away from your fascination with Herman Cain's 999 plan and Rick Perry's flat tax, but if we are going to make real progress, we can't fixate on every overhyped, half-baked tax slogan that comes along. Sooner or later we must get back to basics. Here's the main question...
  • Blog Post: Payroll Tax Politics

    By Robert Goulder The GOP never met a tax cut they didn't like ... until now. That's how Democrats portray Republican reluctance to extend the payroll tax breaks scheduled to expire at the end of the year. Casual observers of U.S. tax policy can be forgiven for doing a double-take here...