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Friday, February 10, 2012

Taxes

News                                                                                                                             
NY Times | Pessimism High, Republicans Warn of Possible Expiration of Payroll Tax Cuts
Congressional Republicans said Thursday that negotiations over extending a payroll tax cut were going so poorly that it was possible the tax break — along with added unemployment benefits — could expire at the end of the month.
Roll Call | GOP Rejects Democrats’ Latest Offer on Payroll Tax Cut
Republicans resoundingly slammed a second offer by Senate Democrats on the payroll tax cut conference committee, dismissing the proposal as not serious and further calling into question the prospects that a deal can be reached by the end of the month.

Blogs                                                                                                                             
The American | More evidence the Buffett rule is a sham
So, basically, Obama is saying high-end tax rates must never be lowered. No wonder he stiff armed his own debt commission, which was calling for  lowering top rates to as low at 23 percent while getting rid of numerous tax breaks.