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Tuesday, May 10, 2011

Taxes

News                                                                                                                             
MarketWatch | Sparring ramps up over oil tax breaks
Industry slams plan to use cash for deficit; Senate gears up for vote.
Bloomberg | Republicans Rule Out Tax Increases in Debate Over Debt Cap
Republican congressional leaders are ruling out tax increases or a wider revenue base in talks on extending the U.S. government’s borrowing authority, creating a conflict with Democrats who would raise more money as well as cut spending.
National Journal | Eliminating Tax Breaks Would Be ‘Punishing the Economy,’ Industry Groups say
CEO's for the nation's five largest multinational oil and gas companies -- ExxonMobil, BP, Chevron, Shell, and ConocoPhillips -- have been invited to come before the Senate Finance Committee on Thursday to defend the need for the industry’s incentives embedded in the tax code.

Econ Comments                                                                                                             
AEI | Tax Cuts, Tax Reform, and Public Opinion
A comparison of public opinion today with public opinion in 1985 and 1986 suggests that the public may be less receptive to tax reform now than it was then.

Blogs                                                                                                                             
Heritage Foundation | Corporate Tax Reform Should Focus on Rate Reduction
The United States will soon have the highest corporate tax rate in the world once Japan enacts its pledge to cut its rate.