On October 12, the Tax Policy Center published a study showing how much revenue was generated at each tax rate since 1958.
An October 11 Washington Post/Bloomberg poll found that 68 percent of people support raising taxes on those making more than $250,000, including a majority of Republicans, with only 27 percent opposed.
On October 10, USC law professor Edward Kleinbard posted an analysis of Herman Cain’s 9-9-9 tax plan. He finds that it would raise taxes on the poor and middle class.
In an October 6 commentary, Tax Foundation economist Scott Hodge argued against higher taxes on millionaires on the grounds that they have suffered enough from the recession.
On October 6, the Tax Policy Center published new estimates of the proposed millionaires’ surtax.
On October 5, the Peterson Institute published a study criticizing the policy of taxing corporations more heavily than other types of business organizations.
On October 4, the conservative Heritage Foundation published a report that is critical of a popular Republican idea of allowing multinational corporations to have a tax holiday to repatriate foreign earnings. It would not create any jobs, the report says.
An October 3 CBS News poll found that people support higher taxes on millionaires to reduce the deficit by better than a 3 to 1 margin. Only 18 percent of people believe it will hurt job creation, 25 percent think it will help and 51 percent think it will have no impact.
On October 3, the Tax Policy Center released new estimates of federal tax rates in 2013 under different scenarios.
I last posted items on this topic on October 4.
Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column for The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including his new book: The Benefit and the Burden.
