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Tuesday, March 27, 2012

Taxes

News                                                                                                                             
CNBC | Not-So-‘Mad’ Ideas About Taxes
This month, the Roosevelt Hotel, on East 45th Street, initiated a special offer in commemoration of “Mad Men,” whose return to television on Sunday night for a fifth season is something surely known now even to preschoolers of merely middling sophistication.
Politico | Senate votes to debate bill that would kill oil tax breaks
As promised, Senate Republicans gave the green light Monday to debating a Democratic bill that would repeal billions in oil industry tax incentives — the latest twist in the parties’ struggle to seize the high ground on gasoline prices.
CNBC | Economists See Higher Taxes as Way to Cut Deficit
Economists say a combination of higher taxes and lower spending is the best way to reduce the federal budget deficit.

Econ Comments & Analysis                                                                                            
CNN Money | Tax reform: Why it's so hard
Tax reform. Politicians tout it as fiscal nirvana. It will spur economic growth, curb deficits, reduce income inequality, you name it. But all the happy talk belies the truth about tax reform, which Bruce Bartlett knows a thing or two about, having worked as a senior policy analyst for President Reagan in 1986. That was the last time Washington embarked on a major overhaul of the tax code.

Blogs                                                                                                                             
The American | White House considered a $170 billion soda tax to pay for Obamacare
Back in April 2009, Nancy-Ann DeParle, the Obama White House healthcare czar, wrote a memo that suggested President Obama would have to reverse his campaign stance against an individual mandate to purchase health insurance. Blame the Congressional Budget Office, she said