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Friday, January 6, 2012

Taxes

News                                                                                                                             
Market Watch | Cutting 1 trillion yuan in China taxes
China must commit to broad range of structural reforms this year.
NY Times | Californians Are Asked for $6.9 Billion in New Taxes
Gov. Jerry Brown called on California voters Thursday to approve $6.9 billion in temporary new taxes, including a surcharge on big earners, as part of yet another bad-news budget proposal, this one for 2012.

Blogs                                                                                                                             
Café Hayek | Paper and Plastic
Montgomery County, Maryland, has instituted a new policy requiring retailers to charge customers a nickel for plastic and paper bags. This is allegedly an environmental measure because plastic bags are bad for the Chesapeake Bay.