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Wednesday, July 18, 2012

Taxes

News                                                                                                                             
CNBC | Democrats Propose Plan to Sidestep Anti-Tax Pledge
Senate Democrats — holding firm against extending tax cuts for the rich — are proposing a novel way to circumvent the Republican pledge not to vote for any tax increase: Allow all the tax cuts to expire Jan. 1, then vote on a tax cut for the middle class shortly thereafter.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Look Who's Holding the Economy Hostage Now
On Monday, Sen. Patty Murray, who heads the Democratic Senatorial Campaign Committee, said that "unless Republicans end their commitment to protecting the rich above all else, our country is going to have to face the consequences of Republican intransigence."
Washington Times | Obama’s double-tax rap
Foreign investment would be attracted to America and our own companies’ profits would stay at home if the top U.S. corporate tax rate were lowered and we made the switch from a worldwide to a territorial tax system so that businesses would only be taxed in the country where the profits are made.
Forbes | Income Equality Is the Road to Middle-Class Taxation
It’s staple fare in opinion pages and textbooks these days that “inequality” has been on the rise in this country over the past generation. President Obama’s economic policy, for what it’s worth, has been based on this premise. The introduction to Obama’s first budget, back in 2009, went on at length:
Heritage Foundation | Congress Should Not “Pay for” Stopping Taxmageddon Tax Increase
Taxmageddon is a massive one-year $500 billion tax increase that is poised to strike the economy on January 1, 2013. It is mostly the result of tax policies that expire at the end of the year.

Blogs                                                                                                                             
Heritage Foundation | New Poll: Majority of Americans Want to Stop Tax Hikes for All Incomes
A new poll shows the majority of Americans—including those on the low end of the income spectrum—are against hiking taxes for those making more than $250,000.
Political Calculations | Maryland vs Virginia: Tax Returns
We're going to feature three charts today, in which we'll compare the states of Maryland and Virginia in the United States. Why?