Wrong Way: Obama Flirts with Vehicle Miles Tax

By: Thursday May 5, 2011 1:05 pm

The Hill is reporting that the Obama administration is flirting with the idea of taxing cars based on how many miles they drive. From the Hill: The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they [...]

Tax Day Reminder: Richest Americans Probably Pay at a Lower Rate than You Do

By: Friday April 15, 2011 2:16 pm

Thanks to many loopholes in our tax code–the carried interest loophole being the most important–the richest people in American are likely paying a lower tax rate than you are. From Businessweek: For the 400 U.S. taxpayers with the highest adjusted gross income, the effective federal income tax rate—what they actually pay—fell from almost 30 percent [...]

Where are the “Obama Tax Cuts?”

By: Tuesday November 16, 2010 1:30 pm

The lame duck session of Congress is shaping up to be dominated by the issue of what to do with the “Bush tax cuts” set to expire at the end of the year. Democrats want to extend the Bush tax cuts only for everyone making less than $250,000, but the Republicans are insisting that they [...]

Senators Offer “Compromises” on Extending Bush Tax Cuts, but Fail to Shift Debate

By: Monday November 15, 2010 9:32 am

Democratic senators Chuck Schumer and Mark Warner are floating two new compromise to deals for extending the soon-to-expire Bush era tax cuts. From the New York Times: Two Democratic senators on Sunday tried to step into that perceived void. Senator Charles E. Schumer of New York proposed limiting an extension of the Bush tax cuts [...]