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Monday, May 23, 2011

Taxes

News                                                                                                                             
WSJ | Local Governments Hit as Tax Revenue Falters
The nation's economy is adding jobs and state finances are starting to mend. But for many local governments—the 89,000 cities, counties and school districts that provide the most-visible government services—more pain is coming.
Roll Call | Corporate Tax Holiday Bill Unites Foes
The policy has collected an unusual roster of supporters on and off the Hill. Those backers say it may infuse the domestic economy with about $1 trillion.

Econ Comments                                                                                                             
Washington Post | Golden State blues
Brown’s plan for balancing the budget is to close about half of the deficit with reductions and fund shifts already approved and the rest by tax increases.

Blogs                                                                                                                             
NRO: The Agenda | Megan McArdle and Kevin Drum on the Impact of Marginal Tax Rates
If raising revenue is our goal, there are far less costly ways to do it, e.g., eliminating tax expenditures.