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Monday, March 21, 2011

Taxes

Econ Comments                                                                                                             
WSJ | Tax-Overhaul Advocates Study Reagan-Era Reform
Every tax break is backed by an organized and passionate interest group, while lower rates benefit the not-so-organized general interest.

Blogs                                                                                                                             
Mercatus Center: Neighborhood Effects | Do a majority of Americans prefer tax hikes to state budget cuts?
According to the poll results, 55 percent of Americans favor freezing wages for state employees and 51 percent are for reducing pension benefits for new hires.
NRO: The Corner | The Cost to Taxpayers of Joe Biden Station: $20 Million
...Amtrak turns around and renames the station after him; all the while it’s about $6 million overbudget.
Reason: Out of Control Policy Blog | Supporters of "Amazon Taxes" Ignore Economic Ineffectiveness
This means less income earned in the state and, as a result, less paid in income taxes into state coffers.