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Wednesday, April 27, 2011

Taxes

News                                                                                                                             
National Journal | New Tools Calculate Your Tax Dollars at Work
The moment is probably still etched in your mind. After hours of reading, factoring and figuring, you filed your 2010 tax return.
CNN: Money | Big Oil's $4 billion tax break in doubt
President Obama repeated his call Tuesday for an end to $4 billion in oil industry tax breaks as gas prices approach $4 a gallon and after a top lawmaker indicated a possible shift in Republican policy.
National Journal | Cutting Tax Expenditures Could Burden Middle-Class Taxpayers
Most of the biggest tax breaks benefit people making less than $200,000.

Econ Comments                                                                                                             
FT | Tax Reform: No Magic Bullet for Fiscal Crisis
Every deficit reduction plan includes tax reform as a key ingredient of the plan.
Cato Institute | Cutting Expenditure Is A Good Thing
The U.S. faces a fiscal meltdown because government undertakes activities that are not necessary or useful functions of government.