Taxes

Budget Wars

After four years without a federal budget, the House of Representatives and the Senate have passed different budget plans. The House plan sponsored by Budget Committee Chairman Paul Ryan (R-Wis.) and…

The Pitfalls of Internet Sales Tax Collection

Internet sales accounted for a growing share of consumer spending over the last decade. Now smart phones and wireless networks provide an almost unlimited ability to shop and purchase goods electronic…

Congressional Brief: Taxes, Spending and the Debt Limit

The main impact of the Fiscal Cliff was averted on January 1, 2013, by a last minute agreement by the Obama administration with the Senate and House of Representatives. Among other things, the America…

The Payroll Tax Holiday

In December 2010 President Obama traded Congress a two-year extension of the Bush-era tax cuts for a one-year, 2 percentage-point payroll tax holiday and additional unemployment benefits. The “Tempora…

Do the Rich Pay Their Fair Share in Taxes?

The central theme of President Obama's tax policy has been that 'the rich' do not pay their fair share of federal taxes, and the middle class pays more as a result. But a report issued by the Congres…

Is U.S. Transportation Infrastructure Falling Down?

In August 2007, the Interstate-35W bridge across the Mississippi River in Minneapolis suddenly collapsed, killing 13 people. The event led many to decry the state of the nation’s infrastructure, and s…

Disability versus Work

Entitlement reforms usually focus on changes in Social Security retirement benefits and Medicare. However, the disability component of Social Security is growing faster than retirement benefits and r…

It Is Time to Make the R and D Tax Credit Permanent

In December 2010, Congress extended the research and development tax credit through tax year 2011, but it has since lapsed and has not yet been renewed for 2012. The tax credit was first enacted in 19…