All Commentary
Tuesday, March 20, 2012

House Republicans Propose to Overhaul Tax Code


“House Republicans on Tuesday will propose a dramatic reshuffling of the tax code, suggesting collapsing individual tax brackets into two brackets with lower tax rates and slashing the top corporate tax rate. The plan also would slash trillions of dollars in federal spending, a move likely to appease conservative, tea-party-backed GOP lawmakers but infuriate the White House, congressional Democrats and some Republicans concerned that spending disagreements could spark threats of a government shutdown just weeks before the November elections.” (Washington Post)

Somebody’s got to start lightening the load.

FEE Timely Classic
“Cutting Marginal Tax Rates: Evidence from the 1920s” by Gene Smiley