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Wednesday, November 9, 2011

Taxes

News                                                                                                                             
Politico | USDA OKs Christmas tree tax
The Obama administration has given the green light for a new fee of 15 cents on all Christmas trees.
National Journal | Senate GOP: Willing to Accept Up to $300 Billion in Net Tax Increases
Republicans say they could accept up to $300 billion in new taxes as part of a plan that cuts the deficit by $1.2 trillion over 10 years—the goal the super committee must meet to stave off mandatory cuts under this summer’s Budget Control Act.

Econ Comments                                                                                                             
WSJ | Do Americans Favor a Flat Tax?
Support for a single rate isn't high, but there's a big group of undecideds up for grabs.
Minyanville | Flat Taxes are Big in the Former USSR, but Have They Worked?
Economists caution that you can't necessarily translate flat tax success stories in Russia into an American context.

Blogs                                                                                                                             
Heritage Foundation | Obama Couldn’t Wait: His New Christmas Tree Tax
Acting Administrator Shipman had the temerity to say the 15-cent mandatory Christmas tree fee “is not a tax nor does it yield revenue for the Federal government” (76 CFR 69102).