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Thursday, May 26, 2011

Taxes

News                                                                                                                             
National Journal | Tax-Credit Fraud Debate Opens Bigger Tax Fight
A House Ways and Means Committee panel debate on Wednesday over fraud and abuse of refundable tax credits like the first-time homebuyers and the earned-income tax credits further laid out evidence of the widening gap between House Democrats and Republicans over the future of the tax code.

Econ Comments                                                                                                             
WSJ | A 62% Top Tax Rate?
Democrats have said they only intend to restore the tax rates that existed during the Clinton years. In reality they're proposing rates like those under President Carter.

Blogs                                                                                                                             
Heritage Foundation | The Graph That All Tax Hike Mystics Need to Grapple With
Growth in the first half of the decade following the Clinton tax hike was clearly subpar, and real wages actually fell.