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Thursday, June 30, 2011

Taxes

News                                                                                                                             
WSJ | Obama Targets Tax Breaks
Republicans responded by repeating their opposition to any tax increases, saying they would hurt the fragile economy.
National Journal | Bill Clinton: Raise Taxes ... but Not Yet
Cut spending and raise taxes. But, he said, lawmakers should delay the implementing such a compromise until after the economy improves.
WSJ | California Online Tax Law Pressures Amazon
Amazon.com Inc. may soon have to collect sales taxes in California after Gov. Jerry Brown signed an online tax-collection bill.

Reports                                                                                                                         
Tax Foundation | Minnesota Income Tax Increase Modification Could Encourage Tax Avoidance and Promote Poor Investment Decisions
Minnesota is one of 46 states that begin their fiscal year on July 1. However, it is the only state that may endure a government shutdown, due to a tax policy impasse between Governor Mark Dayton (DFL) and the legislature.