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Taxing a mere 0.3 percent of the population is not a sustainable way to pay for health care reform.
Taxmageddon is the result of the extreme shortsightedness of President Obama and the Democrats, who extended current tax policies for only two years back in 2010. The latest research suggests that the economy will suffer severely this year for that shortsightedness.
The sensitivity of investment spending to internal funds for firms with high marginal surtax rates appears mainly to reflect information-related capital-market frictions.
Taxing a mere 0.3 percent of the population, as the House health care reform legislation intends, is not a sustainable way to pay for health care reform.
To fund the Democrats' promised programs, we would need to have one of the highest marginal income tax rates in the developed world.
The list of tax provisions set to expire in 2010 is long and significant.
Charles Rangel and Hillary Clinton share the broad goal of progressive tax reform.
The president should embrace the proposal for a payroll tax holiday. It would immediately reduce the cost of job creation.



