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Thursday, November 17, 2011

Taxes

News                                                                                                                             
CNN Money | Millionaires ask Congress to raise their taxes
A group of two dozen millionaires stormed Capitol Hill on Wednesday, demanding lawmakers raise their taxes.
National Journal | House Repeals Contractor Withholding Tax
In a rare show of bipartisanship, an effort to repeal a 3 percent withholding tax on government contractors passed the House by a vote of 422 to 0 just days after the bill was passed with similar bipartisan support in the Senate.

Econ Comments                                                                                                             
City Journal | Cali to Business: Get Out!
Firms are fleeing the state’s senseless regulations and confiscatory taxes.
AEI | Pro-growth tax reform can be progressive
There is a tax plan that offers the best of both worlds: growth and progressivity. It's called the Bradford X tax.
RCM | A Super Tax Hike Spells Disaster
Democrats are pulling hard for higher tax rates, which would damage the economy, while Republicans are making no progress getting any meaningful health-care entitlement reform.

Blogs                                                                                                                             
American: Enterprise Blog | 5 reasons why the GOP would be nuts to raise taxes
From Wall Street to Washington, the baseline economic case for 2012 is miserable 1-2 percent growth and around 9 percent unemployment.