James Pethokoukis

Soak the rich?

August 9, 2010

It worries me when I hear folks, mostly liberals, speak fondly of the 1950s economy and its 90 percent marginal tax rates. In this piece, James Surowiecki advocates soaking the super-rich:

Kudlow: WH dismissive of business complaints

July 26, 2010

From the Great One, Larry Kudlow:

Then there’s the confidence-threatening war between business and the White House, which is also related to the liberal tax revolt. It’s still a battle royale between the nation’s business leaders and the administration over taxes, spending, regulation, and trade.

Bernanke right, Geithner wrong on Bush tax cuts

July 26, 2010

Ben Bernanke, the Federal Reserve chairman, doesn’t want tax rates to reset higher at the end of this year, even for the rich. The White House and the Treasury think differently. Here’s how an off-the-record Bernanke might try to talk Tim Geithner, the Treasury secretary, around to his point of view.

Just how high would taxes need to go?

July 20, 2010

To reiterate, higher taxes are not the answer to deficit problem (via the Tax Foundation):

Kudlow: Time for a tax cut

July 6, 2010

Larry Kudlow thinks it’s time for Team Obama to consider a different path:

Fred Smith, the CEO of FedEx, does not have a Nobel Prize in economics. But he founded from scratch a gigantic global transportation and delivery company that has employed tens and tens of thousands of workers, something the Nobelists have never done. And Smith argues that the best job-creating measure would be a significant reduction in the corporate tax rate and a move to full expensing for business-investment tax write-offs. He’s exactly right.

US ready may become world’s highest corporate taxer

June 14, 2010

The US has the second highest corporate tax rate among advanced economies. But maybe not for long. Tell the people the bad news, Reuters:

Back to recession in 2011? (Even kind of rhymes)

June 7, 2010

Tax-cut guru Arthur Laffer worries about next year. He attributes the economic rebound this year to workers and business pulling forward economic activity into 2010 to avoid more taxes and regulation in 2011. As he puts it in the WSJ today:

Here comes the iPad tax

June 7, 2010

It’s almost as dodgy a notion as nuking BP’s gusher. The U.S. Federal Trade Commission is mulling ways to subsidize the flailing news industry. Paying for it could involve head-scratchers like taxing iPad sales. What the media industry needs is innovation not intervention.

Where Barry Ritholtz questions my tax analysis

June 3, 2010

Superblogger Barry Ritholtz of The Big Picture takes issue with my claim that America’s wealthy have a high tax burden since they pay such a huge share of U.S. taxes. A bit from his email to me (in his own inimitable style):

Hillary’s revealing tax gaffe

June 2, 2010

Who really cares what Hillary Clinton thinks about taxes, right? She’s Secretary of State in the Obama administration, not Treasury. It’s not as if Timothy Geithner said the following, as Clinton did last week: