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Thursday, March 15, 2012

Taxes

News                                                                                                                             
Politico | GOP frosh to back millionaires’ tax
Freshman Republican Rep. Rick Crawford will propose a surtax on millionaires Thursday morning, a crack in the steadfast GOP opposition to extracting more money from the nation’s top earners.

Econ Comments & Analysis                                                                                            
NBER | How is Tax Policy Conducted over the Business Cycle?
It is well known by now that government spending has typically been procyclical in emerging economies but acyclical or countercyclical in industrial countries.
AEI | Benefits of a progressive consumption tax
If current tax and budget policies are maintained, spending on Medicare, Medicaid and other health programs and, to a lesser extent, Social Security will grow much more rapidly than federal revenue during the upcoming decades.