Valentine’s Day Treat: Continued Marriage Tax Penalties
Valentine’s Day is supposed to be when couples come together and celebrate their relationship, but the 13 tax increases in the 2013 fiscal cliff deal… Read More
EconomyNews
A Simple and Wrong Answer to Poverty: Increasing the Minimum Wage
During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not… Read More
The Income Tax Turns 100 Years Old
The federal income tax is now a centenarian. On February 3, 1913, the 16th amendment to the Constitution was ratified. The revenue the income tax… Read More
Scholars Agree: High Tax Rates Do Harm Growth
The Congressional Research Service (CRS) stirred controversy last year when it released a study claiming that tax rates do not influence economic growth. Predictably, those… Read More
Phil Mickelson and His Tax Bogey
Professional golfer Phil Mickelson, one of California’s many but dwindling wealthy, apparently carded a bogey when he intimated over the weekend that the near 60… Read More
Morning Bell: 13 Tax Increases in 2013
New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the… Read More
Morning Bell: Taxes to Rise on Most American Workers
Representative Nancy Pelosi (D-CA) called it “a happy start to a new year.” That probably tells you all you need to know about the fiscal… Read More
Congressional Budget Office Shows Senate Bill Is $600 Billion Tax Hike
The Congressional Budget Office (CBO) just now released its score of the bill the Senate passed early this morning while everyone was celebrating the beginning of… Read More
Morning Bell: Tax Hikes to Start the New Year
While you were sleeping—or ringing in 2013—the Senate voted to raise taxes. After missing the midnight deadline, Congress and the President have technically sent the… Read More
Morning Bell: ’Twas the Night Before Cliff-mas
Christmas arrives this year at a time when our nation is on the brink of the fiscal cliff. With time running out for President Obama… Read More
