Category Archives: Taxes
Former Houston mayor and former U.S. deputy energy secretary Bill White explores in a Barron’s column the disconnect between the federal government’s revenue stream and its spending commitments. The permanent hole in the federal-funds budget has become more obvious since the end of U.S. combat in Iraq and the reduction of most recession-related programs. AccordingContinue Reading
Rather than look to Europe for great public policy ideas, perhaps the movers and shakers in Washington, D.C., should turn their attention to Australia. They could start by considering this “Drum TV” article from Sinclair Davidson. The carbon tax has been repealed. While there has been a bit of kerfuffle and excitement around the repealContinue Reading
Kevin Williamson explains for National Review Online readers why he’s not buying into recent Democratic arguments about “economic patriotism.” Jack Lew, late of Citigroup and currently of the Obama administration, has issued a call for “economic patriotism.” This phrase, which is without meaningful intellectual content, is popular in Democratic circles these days. Ted Strickland, theContinue Reading
For those who’ve yet to be convinced of the federal government’s overspending problem, perhaps some numbers and a chart might help, courtesy of CNS News. Federal tax revenues continue to run at a record pace (in inflation-adjusted dollars) in fiscal 2014, as the federal government’s total receipts for the fiscal year closed June at anContinue Reading
The latest Fortune magazine cover story labels as “Positively Un-American” the decision of many big-time companies to move their corporate headquarters overseas. Rather than blame the companies, though, perhaps the answer is corporate tax reform. After all, the corporate tax is a bad idea in principle.