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Vermont, GOP Governors Association Trade Lawsuits

MONTPELIER, Vt. - (AP) Vermont's attorney general and the Republican Governors Association filed lawsuits against one another Monday the state accusing the RGA of campaign finance law violations, the RGA calling Vermont's attorney general a partisan Democrat trying to muzzle its free speech....

Obama's Rate Cut: How Low Can You Go?

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 rate from 35% to 28%. He's vague on the details...

Obama's Corporate Minimum Tax

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 operate. The minimum tax would take the form of...

A Benchmark for Socialist Tax Rates

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 would increase to 36%, and the 35% bracket (currently...

Does America Need A Two-Page Tax Code?

Emphatically, no. I just absolutely disagree with Fareed Zakaria on this , as I do with anyone who thinks that the measure of a tax system is the shortness of its tax code. We live in a complex and intricate world, in which transacting involves complex relationships involving the allocation of risks...