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Friday, May 27, 2011

Taxes

News                                                                                                                             
WSJ | Cuomo's Tax Cap
The New York Democrat gets a harder limit than Chris Christie.

Econ Comments                                                                                                             
Daily Caller | Raising taxes on the energy industry would be a mistake
A better solution is overhauling our federal tax laws to encourage domestic energy production, eliminate loopholes, and provide a fairer tax structure so American companies can compete with their foreign rivals.

Blogs                                                                                                                             
Heritage Foundation | Tax Hikes Are Not Government Savings
To review: Savings come from spending less, not taxing more. Higher taxes cannot be savings for the government, because the income wasn’t the government’s to begin with.
Atlantic: McArdle | Once Again, We Cannot Pay For Social Security By Ending the Bush Tax Cuts on High Earners
...the government does not borrow and save like normal people--its constraints are different. The closest it can come to saving is to pay off debt.