Tax increases | AEIdeas

Friday, May 24, 2013

How balanced is a balanced approach to the deficit for most Americans?

Andrew Rugg | March 12, 2013, 1:47 pm

The spending-cut-centric approach to deficit reduction has never been popular with Democrats. With the sequester cuts a reality, those criticisms seem to have increased in volume and frequency. Michael Linden and Michal Ettlinger at the Center for American Progress recently … read more >

Image credit: Bisongirl (Flickr) (CC BY 2.0)

Economics, Entitlements, Taxes and Spending

The problem is spending, not revenues

Nick Schulz | December 10, 2012, 1:52 pm

The Federal Reserve Bank of St. Louis published an excellent paper offering a longer-run perspective on the US debt/deficit problem. The entire paper is worth reading, but I’d highlight three observations that are relevant for the current moment: “a marked … read more >

Economics, Taxes and Spending

We’re all in trouble if even professors can’t grasp basic tax issues

Peter J. Wallison | November 29, 2012, 10:15 am

Given the level to which education has fallen in much of the country, it’s possible to believe that some people cannot understand the difference between the short term and long term results of a tax cut, but if this degree of ignorance has reached the professoriat, we’re all in trouble. read more >

Pethokoukis, Economics, Taxes and Spending

New study shows why heavily taxing the rich won’t work

James Pethokoukis | November 19, 2012, 9:29 am

It’s strange when you think about it. Not only is President Obama pushing the largest round of tax hikes in almost a generation, but those increases would come during the most anemic economic expansion since World War Two — or … read more >

Image credit: Hynek Moravec (Wikimedia Commons)

Foreign and Defense Policy, Europe and Russia

Taxing the rich: Not just an American controversy

Veronika Polakova | October 24, 2012, 2:00 pm

The Czech Republic is waiting for the resolution of a dispute about a “tax on millionaires” which threatens the approval of the 2013 budget and could bring down the Czech government. Sound familiar? It turns out that neither the desire … read more >

Image credit: Official White House Photo (Wikimedia Commons)

Economics, Taxes and Spending

Leading from behind: Tax policy edition

Stan Veuger | October 18, 2012, 9:44 am

President Obama’s tax plan consists of one, and only one, promise: He will raise taxes on the rich. He would like to see the top marginal federal income tax rate go up to 39.6%, and, who knows, more than that. read more >

Carpe Diem

Danish government may scrap its ‘fat tax’ after only one year

Mark J. Perry | September 6, 2012, 12:15 pm

Global Tax News is reporting today that: Only one year after its implementation, the Danish government is planning to scrap the “fat tax.” The reason why: reports show that it simply doesn’t work. Denmark is now likely to abolish the … read more >

Economics, Taxes and Spending

Gov. Jerry Brown: If you make $250,000, you’re a millionaire

James Pethokoukis | March 29, 2012, 12:05 pm

Every man a millionaire—starting at $250k. From the LA Times: Gov. Jerry Brown defended his new campaign website’s characterization of his proposed tax increase as “a millionaires’ tax,” even though it hikes levies on people who make more than $250,000 … read more >

Economics

Red States out of the red faster?

Nick Schulz | October 28, 2011, 9:57 am

Dan White at the Dismal Scientist has written a fascinating analysis of how states get their fiscal houses in order after an economic downturn—do they primarily cut spending or raise taxes, and which strategy is better for subsequent economic performance? … read more >

Economics, Taxes and Spending

Can Tax Hikes Really Be Part of a Deficit-Crushing Deal?

Bridget Johnson | July 11, 2011, 10:36 am

After trying to hash out an agreement to raise the debt ceiling for 75 minutes on Sunday evening, President Obama and congressional leaders are set to sit down again today. First, the president will hold an 11 a.m. press conference … read more >