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Wednesday, September 28, 2011

Taxes

News                                                                                                                             
WSJ | Benefits Tax Hits Businesses Twice
State and federal taxes are rising for employers across the U.S. as states struggle to repay federal loans for unemployment benefits, including more than $1 billion in interest due Friday.

Econ Comments                                                                                                             
Washington Times | MILLER: Obama’s tall tax tales
Numbers do not compute in presidential push for yet higher taxes.
Washington Times | CAIN: Economic crisis requires real tax reform
Half-measures and far-off fixes won’t mend our broken jobs engine.

Blogs                                                                                                                             
American: Enterprise Blog | The Benefits and Limitations of Income Tax Reform
Done right, broadening the tax base by ridding the code of its many distortionary “tax expenditures” can promote economic efficiency. Done wrong, it can lead to a less neutral tax system and higher taxes on saving and investment.
NRO: The Corner | More on Taxing Millionaires
As you may recall, the top 1 percent of income earners pay 38 percent of income taxes and earn 20 percent of income, which makes our tax system highly progressive.