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Friday, April 29, 2011

Taxes

News                                                                                                                             
Bloomberg | Geithner Says Tax System Must Be Overhauled to Curb Debt, Spur Growth
He has said that Congress needs to act in June, before the Treasury exhausts its techniques for maintaining borrowing room.

Econ Comments                                                                                                             
Fortune | Bring on the corporate tax holiday!
Giving companies a tax break on repatriated profits may not lead directly to new jobs, but it would likely boost the economy by propping up the dollar and fueling stocks.
Washington Times | ENLOW: School Choice: Alive and well
More states join as tax credits and vouchers mean large savings.
Cato Institute | WSJ-NBC Poll: Making the False Case for Tax Increases
We profess to worry about the burden we are leaving to future generations. At the same time, we insist that no current Social Security recipients should be affected by cutbacks. We cannot have it both ways.
Reason Foundation | “If you focus on the deficit, then tax increases are on the table.”
Americans for Tax Reform’s Grover Norquist on why deficits are a distraction, why Republicans shouldn’t compromise on the budget, and why low taxes are the key to cutting spending.

Reports                                                                                                                         
CRS | A Breakdown or "Receipt" of How Individuals' Federal Taxes Are Spent
Similar to a consumer's itemized receipt for the goods purchased in a store, a taxpayer receipt would provide information about what government goods and services their tax dollars pay for.