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Wednesday, June 22, 2011

Taxes

News                                                                                                                             
MarketWatch | Some tax cheats work at the IRS
Almost 3% of IRS workers caught cheating but some slip through cracks.
Bloomberg | Tax Writers Caution That Raising Revenue Now Could Hurt Tax Overhaul Later
The chief Republican tax writers in Congress are warning that Democratic attempts to raise revenue as part of a deficit reduction package could threaten a comprehensive tax code overhaul.
MarketWatch | China may cut some export-tax rebates
Beijing yet to release details on trade tax-policy discussions.

Blogs                                                                                                                             
Heritage Foundation | Morning Bell: The Truth About Tax Cuts
The tax cuts enacted by the U.S. Congress in 2003 were an important cause of an economic expansion that roared for some 50 months and created 8.1 million jobs.
Political Calculations | The Link Between Business Taxes and U.S. Business Investment Abroad
If you've been running your own business since 1978, you've probably noticed that you pay a lot more taxes in the form of the employers' portion of federal payroll taxes than you do in outright corporate income taxes.
Heritage Foundation | Breaking Research: Obamacare Tax Subsidies a Drag on the Economy
While economic growth remains sluggish, the last thing the United States needs is another weight holding it back. Unfortunately, the new health care subsidy program created under Obamacare for low- and middle-income Americans does precisely that.

Reports                                                                                                                         
Mercatus Center | Excise Taxes in the States
Taxes on the sale of goods and services are an important source of revenue for state governments within the United States. In 2010, states collected $344 billion or nearly 49 percent of their total tax revenue from sales taxes, and in the past this ratio was even higher.