Pages

Tuesday, August 7, 2012

Taxes

News                                                                                                                             
Politico | Harry Reid not releasing his own tax returns
Senate Majority Leader Harry Reid again deflected questions Monday about releasing his tax returns, even as he continued to pound the demand for Mitt Romney to make more of his own public. Instead, Reid pointed to the financial disclosure forms he files as a member of Congress, which provide different information.

Blogs                                                                                                                             
Mercatus Center | Tax Holidays in the Dog Days of August
In what has become a common practice in about a dozen and a half states, August is the month for the sales tax holiday. Whether the goal is to encourage consumer spending or ostensibly offer tax relief to families, the three-day holiday waives sales tax on certain purchases – typically school supplies and clothing.
NY Times | The Clinton Tax Challenge for Republicans
Republicans are adamant that taxes on the ultra-wealthy must not rise to the level they were at during the Clinton administration, as President Obama favors, lest economic devastation result. But they have a problem – the 1990s were the most prosperous era in recent history. This requires Republicans to try to rewrite the economic history of that decade.