2012 In The News and the 2-4-8 Response
June 2012
Wealth Tax or Expropriation -
Author of book on income inequalty equates wealth tax with expropriation
The New Republic, June 13, 2012, “Income, Not Wealth†by Timothy Noah.
US Structural Flaws
- Bipartisan same old ... and A 2-4-8
Tax Reform Dare
Financial Times, June 10, 2012, “Washington must agree on the rules of
fiscal engagement, write†by Dennis Hastert and Dick Gephardt
Theory of Change - about the political ability to get things done -
[Thank you Ezra]
Washington Post, June 8, 2012, “The myth of the
presidential mandate†by Ezra Klein.
Tax Writers - Tax Reform
activities of the House Ways and Means Committee
The Hill, June 7, 2012, “OVERNIGHT MONEY: Tax writers explore reform
options†by Vicki Needham, Bernie Becker and Peter Schroeder
Non-taxpayers -
Republicans and the rich and poor who don't pay taxes
New York Times, June 5, 2012, “Rich Nontaxpayersâ€
by Bruce Bartlett.
Wealth Inequality -
Interview with
economist and author Joseph Stiglitz on Wealth Inequality
Vanity Fair, June 5, 2012, “Q&A: Joseph Stiglitz on the Fallacy That the Top
1 Percent Drives Innovation, and Why the Reagan Administration Was America’s
Inequality Turning Point†by Cullen Murphy.
The X Tax - Economist describes
new book about the X Tax
Forbes, June 4, 2012, “A Progressive Consumption Tax?â€, by Len Burman.
Advice for Romney - TV
interview with Romney Economic Advisor Glen Hubbard has some good
positions for Mr. Romney to take
CNN and National Journal, June 3, 2012, “Hubbard:
Romney a 'practical problem-solver'†and
“Romney
Economic Adviser Says Reforms Must Target the Wealthy†by Alexandra Jaffe.
Race, Politics and Taxes -
Retired professor gripes about Republicans and race
Las Cruces Sun News, June 2, 2012, “Their View: America's first principle is
equality†by Michael L. Hays.
Tax Base
Reform - For example consider loopholes for business research and
jobs for veterans
Dallas News, June 2, 2012, “Cornyn chides Obama for
not working on tax reform in GOP’s weekly address†by Sean Collins Walsh.
Tax Pledge Insult -
Does the no-Tax Pledge apply to tax reform?
Think Progress, June 2, 2012, “Norquist: Jeb Bush Insulted Mitt Romney By
Abandoning Anti-Tax Pledgeâ€, by Igor Volsky.
May 2012
Firm on Tax Pledge
- Road to Recovery
Reuters, May 31, 2012, “U.S. Republican Boehner holds firm on no tax-hike
pledge†by David Lawder.
Tax Betrayals -
Professor argues that capital gains tax should be raised and financial
transaction tax should be leaved on commodities trading because the wealthy
betray America.
ENews Park Forest [Chicago Headline Club], May 27, 2013, “How the Ultra-Rich
Betray America†by Paul Buchheit.
Pressure for Tax
Rewrite - Republicans push fast track tax reform
Chicago Tribune, May 17, 2012, “Top Republican boosts pressure for U.S. tax
rewrite†by Kim Dixon.
How to Tax Carried Interest -
a good example of how much trouble one tax expenditure causes
Wall
Street Journal, May 14, 2012, Should Carried Interest Be Taxed as Ordinary
Income, Not as Capital Gains?†by Michael Graetz [Yes] and David Tuerck [No]
Abortion Economy -
Political and practical aspects of abortion
Bloomberg, May 14, 2012, “How Roe v. Wade Empowered U.S. Investors†by
Edward Conard.
Health Costs Up
- Employer Tax Incentives Push Rates UP
Forbes, May 12, 2012, “How Employer-Sponsored
Insurance Drives Up Health Costsâ€, by Avik Roy.
Tax Reform Now! - Professor
urges simple tax reform
World Magazine, May 9, 2012, “Tax Reform Now!†by Alex Tokarev.
The Fiscal Times, May 2, 2012, “Why Reagan's Tax
Reform Road Map Won't Work Now†by Eric Pianin and Michelle Hirsch.
April 2012
Raise Capital Gains
Rates - Law professor argues to raise capital gains
Los Angeles Times, April 22, 2012, “Better than
the 'Buffett rule' Why not raise taxes on capital gains but lower them on
income?†by Tom Campbell.
Tax Reform Key for Romney
- Karl Rove wants Romney's tax reform plans to help the middle class
U.S. News, April 20, 2012, “Rove:
Tax reform could be key for Romney†(UPI).
Grover Trickle-Down
Wall
Street Journal, April 16, 2012, “Trickle-Down Taxation“ by Grover G.
Norquist.
Obama Tax Reform
The News Tribune, April 13, 2012, “Obama's tax
‘reform' is just free-lunch egalitarianism†by Charles Krauthammer.
Rebutting Ryan
America, April 11, 2012, “Rebutting Ryan†by Kevin Clarke
Moral Tax Plan
National Catholic Reporter, April 10, 2012, “A moral measurement for a
candidates’ tax plans†by
Fred Kammer
Corporate Tax Holiday
Politico, April 5, 2012, “Guess who’s pushing for a
tax holiday?â€, by David Saleh Rauf.
Stossel: Tax the Rich
Forbes, April 3, 2003, “John Stossel: Tax the Rich? The Rich Don't Have
Enough. Really.â€
Concentration of Wealth
The Miami Herald, April 1, 2012, “A tide that lifts all
yachtsâ€, by Harold Meyerson.
March 2012
Code Penalizes Success - Small business owner argues in favor of
consumption tax - Fair Tax
Washington Post, March 30, 2012, “The tax code
is too complex and penalizes successâ€, by Brian Stein.
Tax Reform is
Hard - popular tax expenditures make it difficult to reform the tax
code
Slate, March 26, 2012, “Tax Reform is Really Hard†by Matthew Yglesias.
Tax More Work
Less? -
the rich pursue
tax avoidance strategies rather than altering their economic behavior
Wall Street Journal, March 26, 2012, “Do the Rich
Work Less as Their Taxes Increase?†by Robert Frank.
Two Page Tax Code
- the US tax code is so corrupt that any symplified reform would be
better
CNN World, March 24, 2012, "Zakaria: America needs a
2 page tax code" by Fareed Zakaria.
God
Taxes Wealth - Jewish and Christian lessons about taxation in
bliblical times
Huffington Post, March 8, 2012, “Memo to
Presidential Candidates: Redistribution of Wealth Is a Divine Commandmentâ€
by William O’Brien and "Purim and Taxes: Paying Civilization's Price" by Ari
Hart.
Reform Will Happen - After
the November elections the entire tax code will be in play
Wall Street Journal, March 5, 2012, “Tangled Tax Code Primed for Pruning†by
John D. McKinnon.
February 2012
Not
Social Security
US News, Feb. 29, 2012, “Obama, Romney, Santorum, and
Gingrich Fall Short on Tax 'Reform'†by Anthony Davies.
Buffet on Wealth
Tax
CNBC, Feb. 27, 2012, Warren Buffet would accept a tax on a person's total
wealth: “… I’d Buy Up Millions of Single-Family Homes If I Could†by Alex
Crippen.
Reform Inevitable?
Los Angeles Times, Feb. 27, 2012, “Former Obama aide Lawrence Summers says
tax reform is inevitable†by Jim Puzzanghera.
Efficient, Simple and Fair
Financial Times, Feb. 26, 2012, Editorial: “The tax debate America needsâ€
Fair Share Myth
The Daily Caller, Feb. 24, 2012, “The ‘Fair Share’ Myth†by Joseph F. Petros
III.
Obama Corporate Tax
NY Post, Feb. 24, 2012, “Reform Poison, O’s corporate-tax plan: Just the
same old tricks†by Charles Gasparino.
Romney Tax Reform
Wall Street Journal, Feb. 23, 2012, “A Tax Reform to Restore America’s
Prosperty†by Mitt Romney.
Tax Code Principles
New York Times, Business Day, Feb. 21, 2012, “Tax Code Not Aligned with
Basic Principles†by Bruce Bartlett.
Ryan Tax Reform
US News, Feb. 16, 2012, “No Turbo Tax for House Budget
Chairman Paul Ryan†by Lauren Fox
Retirement
Plans
Advisor One, Feb. 16, 2012, “No Tax Reform Without Incentives for Retirement
Savings†by Melanie Waddell.
Capital-Gains
Bloomberg, Feb. 16, 2012, “Two
Tricks to Raising Capital-Gains Taxes Fairly by Ray Madoff.
Manufacturing
Politico, Feb. 15, 2012, “Obama, in Wisconsin, talks tax reform†by Donovan
Slack.
Social Security
The Washington Post, February 15, 2012, “Obama’s budget
guts the governmentâ€, by Robert J. Samuelson.
Big Tax Lies
The American Prospect, Feb. 14, 2012, “Three Big Tax Liesâ€, by David Cay
Johnston.
Wealth Gap
Mother Jones, Feb. 13, 2012, “It's the Wealth Gap, Stupid, Why the
truly alarming economic trend is not income inequalityâ€, by Reid Cramer.
Progressive
Tax Theory
Forbes, Feb. 13, 2012, "Progressive
Income Tax Theory: How Much More Can The Rich Be Taxed?" by Matthew
Campione.
New Flatter Tax Plan
Governing, Feb. 9, 2012, "Could a Flatter Federal
Tax Plan Actually Work?" by Giraid Miller.
Wealth Tax for Facebook
Reuters, Feb. 8, 2012, “Mark Zuckerberg and the case
for a wealth tax“ by Felix Salmon.
Purple Tax Plan
[Parody]
The Huffington Post, Feb. 7, 2012, "The Purple Tax
Plan", by Professor by Lawrence J. Kotlikoff.
Tax Reform
Not Likely
FoxNews.com, Feb. 6, 2012, "Tax reform in this
election year: It's not likely",
By Tom Raum.
Corporate
Tax Charade
The Kansas City Star, Feb. 4, 2012, “Commentary:
Obama's corporate tax charadeâ€, by E. Thomas McClanahan.
Tax Justice
Verdict Justia.com, Feb. 3, 2012, "The Buffett Rule ... an Important
Step in the Right Direction", by
Neil H. Buchanan.
Class Warfare
The Washington Post, Feb. 2, 2012, "Warren Buffett’s ‘nuclear bomb’", by
Susan Brooks Thistlethwaite.
January 2012
Tax
Reform always Fails
The Washington Post, Jan. 31, 2012, "Major
tax reform: Why it always fails", by
Robert J. Samuelson.
Low-Rate Flat Tax
Wall Street Journal, Jan. 31, 2012, "Why Gingrich's Tax Plan
Beats Romney's",
by Arthur Laffer
Wealth and Tax
Reform
Bangor Maine Daily News: Jan. 26, 2012 Editorial:
“Wealth must be tied
to tax debateâ€.
Wealth
Incentives
Forbes: Jan. 23, 2012 Dean Zarras discusses why Romney and Buffet need
tax rewards for wealth creation.
Debunk - Constitution - Retirement
TownHall: Jan. 17, 2012 Daniel J. Mitchell tries to "debunk" any
conservative case for taxing wealth.
Timid on Tax Reform
Kudlow: Jan. 12, 2012 Mitt should start exciting the country on tax
reform; 2-4-8 Objections to the "Fair Tax".
Private Business Valuation.
Wall Street Journal, Jan. 11, 2012: The Wealth Report by Robert Frank
questions valuation process for private business.
Conservative Case
Wall Street Journal, Jan. 9, 2012: Stanford Professor suggests 3% Net
Wealth Tax as "Conservative" tax solution.
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