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Wednesday, August 3, 2011

Taxes

News                                                                                                                             
WSJ | Amazon Battles States Over Sales Tax
Amazon.com Inc., the world's largest online retailer, hasn't charged sales tax in most states since its founding in 1994. And it has taken some extreme measures to keep it that way.

Econ Comments                                                                                                             
Washington Times | EDITORIAL: Unplug the Internet tax
Congressional Democrats scheme to prop up state spending with online levies.
Politico | A will without a way for tax reform
President Barack Obama and fellow Democrats are still eager to trim the budget deficit by closing tax loopholes for the corporate jet set, but the bipartisan debt ceiling deal pushed through Congress will most likely complicate the efforts.
MarketWatch | Geithner: Tax hikes back on table
U.S. Treasury Secretary Tim Geithner said in an editorial that lawmakers may look at ways to raise revenue in the wake of a debt-cutting deal that focuses solely on trimming spending.
CNBC: NetNet | It's Time For Paul Krugman to Support Tax Cuts
Even if Americans just used the extra money from the tax cut to deleverage, we'd at least be helping the economy move out of the balance sheet recession faster.