TEN PRINCIPLES FOR TAX REFORM: PRINCIPLE FOUR
www.ncpa.org Economic Issues November 6, 2009 Australia’s tax system needs principles that go beyond efficiency, equity and simplicity, says Robert Carling, a Senior Fellow with the Center for Independent Study. For example, he recommends that minimizing economic harm should be the dominant consideration in the selection and design of taxes. The purpose of taxation is to transfer resources from private sector to government command. Taxes therefore have the tendency to impose an excess burde

THE RETURN OF THE INFLATION TAX
www.ncpa.org National Center for Policy Analysis Taxes November 6, 2009 Buried in Nancy Pelosi’s health care bill is a provision that will partially repeal tax indexing for inflation, meaning that as workers earnings rise over a lifetime they can look forward to paying higher rates even if their income gains aren’t real, says the Wall Street Journal. In order to raise enough money to make their plan look like it won’t add to the deficit, House Democrats have deliberately no

Democrats mandate – coverage or taxes
www.onenewsnow.com Jim Brown – OneNewsNow – 11/6/2009 9:25:00 AM The ranking Republican on the Senate Finance Committee believes the individual mandate included in Democrats’ healthcare bill is an unconstitutional overreach of government. Health care moneyIndividuals are required to purchase health insurance under the Democrats’ healthcare bill, or they will face a tax penalty of 2.5 percent of income. Employers are required to buy insurance for their employees or pay a penalty of 8 percent of payroll. However, some critics of the legisl

Report: Cash for Clunkers a Huge Waste
moneynews.newsmax.com Tuesday, November 3, 2009 11:22 AM By: Julie Crawshaw Cash for Clunkers clearly distorted the U.S. economic figures in an unsustainable way, according to The Business Insider, which cites a report from the Bureau of Economic Analysis that indicates GDP growth in the third quarter would have been 1.89 percent, not 3.5 percent as claimed, without government money. Moreover, the $3 billion program cost an average of $24,000 per additional car sold, according to an analysis by automotive c

Health bill: 42 studies, 214 mentions of taxes
www.washingtontimes.com By THE WASHINGTON TIMES THE WASHINGTON TIMES House Democrats’ health care bill runs to 1,990 pages, costs $1.06 trillion, covers 96 percent of eligible Americans and demands the production of 42 studies on everything from whether post-partum screening should be required to using student loan programs to help recruit doctors. The studies could be a blueprint for action by future congresses. They include looking at geographic disparities in Medicare, whether more services need to be provided f