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Thursday, June 21, 2012

Taxes

News                                                                                                                             
CNN Money | Partisan reality check on tax reform
An analysis from Senate Democrats released Wednesday found that many in the middle class could pay more under a House Republican tax reform proposal than they do today, while the uber-rich would pay less.

Econ Comments & Analysis                                                                                            
Washington Times | Power to tax, power to destroy
It has been nearly 200 years since Chief Justice John Marshall struck down a Maryland tax with the observation, “The power to tax involves the power to destroy.” Many things have changed since 1819, but that truth is not one of them.

Blogs                                                                                                                             
Heritage Foundation | Taxmageddon Is Slowing the Economy Now
The uncertainty caused by Taxmageddon—the one-year $494 billion tax increase that looms on January 1, 2013—is strong enough to slow the economy months before it actually strikes. In fact, it is already doing so.
AEI | Should we eliminate corporate income taxes and raise capital gains taxes?
How about this: a top tax of 28% — back to where it was in 1986 under bipartisan tax reform and close to Obama’s Buffett Rule — on all income along with an elimination of corporate income taxes? Any takers? Any suggested modifications?