Posts Tagged ‘Wall Street Journal’

Who Won the Election Again?

Pardon me for being confused. Two weeks ago, voters turned the Senate and several state houses over to Republicans and increased the GOP majority in the House. Now, in a new Wall Street Journal-NBC News poll, (firewall) Americans have firmly embraced—a Democratic agenda. They want more government spending on roads and Ebola, They want to […]

Should Congress Curb Tax-Exempt Municipal Bonds?

As politicians and their allies look for ways to finance tax rate cuts, a surprising option is getting a great deal of attention among conservatives: The tax exemption for municipal bonds. Mitt Romney’s economic adviser Glenn Hubbard, The Wall Street Journal editorial page, and the American Enterprise Institute’s Matt Jensen are among those who in recent weeks […]

The Bowles-Simpson and Romney Tax Plans Have Almost Nothing in Common

In the recent contretemps over Mitt Romney’s tax plan, some Romney partisans have asserted that the Massachusetts governor’s revenue plank mimics the tax elements of the deficit reduction plan proposed in 2010 by Erskine Bowles and Alan Simpson, the chairs of President Obama’s deficit fiscal commission. This claim is absurd. These two proposals could hardly be […]

How Michele Bachmann Would Knock 20,000 Millionaires off the Tax Rolls

In a revealing interview with Steve Moore of The Wall Street Journal, Representative Michele Bachmann(R-MN) called for repealing taxes on capital gains. She also said she strongly believes that everyone should pay some income tax. This got me wondering: What would happen to the number of non-payers if the GOP presidential hopeful got her wish […]