Topic: Citizens for Tax Justice

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Obama proposes bringing jobs home from overseas. Would his plan work?

To achieve his goal of 'insourcing,' Obama proposes rewarding firms that create jobs in the US while imposing higher effective taxes on profits earned by overseas operations.
Super committee: Let Bush tax cuts expire and your work will be done

Another decade of these lower tax rates for the wealthiest 5 percent of Americans would cost the US Treasury around $2 trillion – more than the amount of deficit reduction (at least $1.2 trillion) the debt super committee must find.
On the Economy
Corporate tax reform is trickier than you think

Why changing the way corporations pay taxes is more difficult than it seems.
Many industries reap tax breaks. Is picking on Big Oil unfair?

The oil industry is under fire from congressional Democrats for reaping big tax breaks even while amassing huge profits. Executives from major oil companies testified Thursday on Capitol Hill.
Taxes and the rich: How much do they pay now?

As Republicans square off with the Obama administration on how much to tax the wealthiest Americans, a new report suggests the overall tax burden does not vary much by income level.
Robert Reich
New era of cooperation between White House, big business

Two years ago, bankers visited the White House to talk about a bailout. Last year, President Obama met with bankers to discuss improving the economy. What will today's meeting discuss?
Tax VOX
Death tax showdown at the OK Corral

Ranchers want to die before year end to avoid the estate tax, claims Rep. Lummis. Whether or not the story is true, the underpinnings are myths: the family ranch and a looming 'death tax.'
How to fix the deficit: Tax and cut

If Congress fails to increase tax revenues and cut costly programs, the federal deficit promises to be more than $1 trillion a year for the next decade.
Four ways to tax Wall Street’s rich

As a first step, Congress may extend the estate tax. There are faster methods, too.
ECONOMIC SCENE: Is a currency transactions tax an answer to national budget woes?

A 'Tobin Tax' would add a tiny premium to foreign currency trades — with perhaps $1 trillion in benefits.
ECONOMIC SCENE: If Obama needs revenue, why not tax corporations' international profits?

President Obama should channel Monty Python by taxing corporate profits held abroad.
How Obama's tax plans would 'spread the wealth around'

Expect income and estate taxes to be raised on the most wealthy, not "Joe the Plumber."