Any tax overhaul “has to be under the total understanding that this can’t be revenue-neutral,” said Reid, a Nevada Democrat. “It can’t be even close to neutral. It has to be a significant tax target.” [Bloomberg]
Related Posts
Chuck Schumer Has Been Waiting Out This Bad Marriage a While
- Caleb Newquist
- November 27, 2012
As more and more Republican lawmakers say they are willing to break the Taxpayer Protection […]
Share this:
Memo to The New York Times: The Tax Shaming Has Gotten Old
- Caleb Newquist
- May 5, 2012
Last weekend, the New York Times ran an exposé on Apple and its "sidestepping" of taxes. […]
Share this:
You’re Not Alone If You Think Herman Cain’s 9-9-9 Tax Plan Is a Gimmick
- Caleb Newquist
- October 12, 2011
At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase. Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cain’s tax plan stands out as exceptionally ill conceived. [NYT via TaxProf]