Time Warner Cable's CEO, on the job since Jan. 1, could get $80 million for work on the Comcast merger. But Dodd-Frank law gives shareholders a (nonbinding) vote on whether it's excessive.
A well-designed Value-Added Tax, a national consumption levy that would tax household purchases of all goods and services, could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding to the budget deficit.
There are good reasons for a simpler tax system, as found in the flat-tax plans of GOP hopefuls Perry, Gingrich, and Cain. But they need to be made more progressive to amount to real tax reform that can pass muster politically.
New York’s new same-sex marriage law could change the dynamic in next year’s elections – particularly for President Obama, who’s tried to straddle the issue.