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Thursday, September 8, 2011

Taxes

News                                                                                                                             
WSJ | Tax Cut Extension May Be Tough Sell
President Barack Obama's push to extend the payroll tax holiday to spur economic growth may not be an easy sell, in part because some economists and lawmakers question if it's delivering enough bang for the buck.
CNN Money | Tax reform could be too big for super committee
Everyone agrees -- fixing the tax code is imperative.

Econ Comments                                                                                                             
WSJ | Connecticut Tax Roulette
Dannel Malloy's big business favors.

Blogs                                                                                                                             
WSJ: Real Time Economics | Overseas Tax Break Won’t Fire Up U.S. Job Machine
If the past is prologue, then a new Homeland Investment Act won’t help the U.S. economy much.
Macroadvisers | Extended Unemployment Benefits Cloud Interpretation of Labor-Market Data
We estimate that the behavioral channels are currently boosting the reported labor force by roughly 1 million, and the reported unemployment rate (and the NAIRU) by about 2⁄3 of a percentage point.

Reports                                                                                                                         
Heritage Foundation | Doubling Down on the Payroll Tax Holiday Still Won’t Create Jobs
The August jobs report showing exactly zero net job creation and an unemployment rate hovering above 9 percent have reinforced the imperative among Washington policymakers to focus on job creation policies in the waning months of 2011.