Economics Roundtable

The Wall Street Journal reports one of the most pernicious ideas I have heard of late:

Massachusetts legislators, demonstrating a growing resentment against the wealth of elite universities in tight economic times, are studying a plan to levy a 2.5% annual tax on the portion of college ...

Andrew Biggs reports:

Going back to the tax rates of the 1990s doesn't mean that households will pay 1990s taxes. Because the tax brackets haven't risen along with incomes, average taxes would be significantly higher, and grow each year.

If the [Bush] tax cuts expire, income-tax revenues ...

Caplan says: If they don't do this, they will do something even worse.

Alan says:

Rather than trying to prop up the corporate income tax against competitive pressures, countries around the world should celebrate its decline and work for its demise.

"All in all, I learned a lot from the book, without ever once feeling preached at."

From King Rat.

From today's Wall Street Journal.

Paul Krugman thinks all of the fuss about the gas tax holiday has become a bit hysterical. He agrees that the policy is a bad idea, but it is no big deal, so let's not focus on it.

Paul is right that the issue is, quantitatively, small potatoes, ...

From the Washington Times:

John McCain, the presumptive Republican presidential nominee who should know better, was the first presidential candidate to endorse the gas-tax holiday for the summer driving season. Reportedly, the idea originated with a political pollster, not among Mr. McCain's economic advisers.