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Friday, October 14, 2011

Taxes

News                                                                                                                             
National Journal | House GOP Frosh Push Corporate Tax Holiday
Six of them held a conference call on Thursday to push the Freedom to Invest Act, which would allow U.S. corporations to return home overseas earnings at a dramatically discounted tax rate for a year.

Econ Comments                                                                                                             
NY Times | LAMBRO: Cain’s ‘9-9-9’ plan is a no-no
Republicans who want lower taxes will balk at federal sales tax.
Politico | No representation without taxation
Roughly 76 million tax filers, or 46 percent of the total, are expected to owe no income tax in 2011, according to the Tax Policy Center.
Cato Institute | The Beauty of the Flat Tax
Another key principle is the repeal of most forms of double taxation, which is why Cain's plan gets rid of punitive provisions like the death tax and capital gains tax.
Forbes | Flat Tax Vs. Fair Tax Vs. Herman Cain's 9-9-9 Plan
Neither Hong Kong nor Singapore, which are models of what can be achieved with a flat tax system (or nearly so in Singapore), have a payroll tax.
Washington Times | MILLER: Buffett’s rebuff
Billionaire investor continues carrying water for bankrupt politicians.
WSJ | The Buffett 391,000
The billionaire's latest tax argument.