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Friday, October 7, 2011

Taxes

News                                                                                                                             
CNN Money | State tax revenue falters as economy weakens
The looming specter of Recession 2.0 has forced several states to lower their estimates for revenue growth this fiscal year, just as many had finally started to see their tax collections rebound.

Econ Comments                                                                                                             
WSJ | Cain's Tax Mutiny
Creating a new national sales tax on top of the income tax is a political killer.
Washington Times | LAMBRO: Plotting a winning tax divide
Obama, Democrats dispute where to draw line between haves and have-nots.
WSJ | Meet Moe the Millionaire
He worked hard and invested in his friends. Now the president wants to raise his taxes.

Blogs                                                                                                                             
American: Enterprise Blog | Obama’s Millionaire’s Tax Is Double Trouble
Howard Gleckman over at TaxVox makes two great points about the Obamacrats’ new idea for a tax on million-dollar incomes, a levy the president says he’s “comfortable” with…
NRO: The Corner | Why the ‘Millionaire Tax’ Is a Bad Idea
On Wednesday, Senate Democratic leaders proposed a new 5.6 percent tax on people earning more than $1 million a year to cover the cost of President Obama’s $447 billion jobs plan.