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Tuesday, January 17, 2012

Taxes

News                                                                                                                             
CNN Money | States look to hike tax on millionaires
As the "tax the rich" debate rages in Washington D.C., some states are turning to their wealthiest residents to bring in much-needed revenue.
WSJ | Congress Returns To Battle on Taxes
As members of Congress return to Washington this week, they face immediate pressure to agree on how to fund a payroll-tax cut, but their task is complicated by lingering hostilities over the issue that are likely to be sharpened by the onset of a hard-fought election year.

Econ Comments & Analysis                                                                                            
Market Watch | Payroll tax law may starve, reform Fannie, Freddie
When Congress signed a deal in the waning days of 2011 to extend the payroll tax cut by two months, they paid for it by increasing and diverting fees charged by Fannie Mae and Freddie Mac to guarantee mortgages.

Blogs                                                                                                                             
Cato@Liberty | Soak-the-Rich Taxes Create Happier Nations According to Junk Science Study
In the past 20-plus years, I’ve seen all sorts of arguments for class-warfare taxation.