House Democratic leaders, in an effort to upstage Republicans on the issue of tax cuts, are preparing legislation that would permanently shield all but the very richest taxpayers from the alternative minimum tax, which is likely to affect tens of millions of families as early as next year if it is left unchanged. (New York Times, Monday)
The true tax burden won't be reduced until spending is dramatically cut.
FEE Timely Classic
Cutting Marginal Tax Rates: Evidence from the 1920s by Gene Smiley
Looking for the unseen effects of economic policy is the beginning of wisdom. ... Go to blog
Recently many popular websites went black to fight the proposed SOPA and PIPA bills. Fighting censorship, however, is nothing new. ... Go to blog
It appears that spending on government education in one year was 324 times the amount companies spent on Super Bowl ... Go to blog
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