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Monday, September 17, 2012

Taxes

News                                                                                                                             
Washington Post | Mere threat of tax cliff already weighing heavily on small businesses
Small business owners, like so many Americans, are anxiously waiting to see whether Congress can avoid potentially catastrophic spending cuts and tax code revisions scheduled to take place at the end of the year. But already, just the threat of toppling over the tax cliff is weighing on their decisions and bottom lines.

Blogs                                                                                                                             
Tax Foundation | NYC Ban on Large Sodas Plagued by Same Problems as Soda Excise Taxes
On Thursday the New York City Board of Health approved the ban of sodas and large sugary beverages over 16 ounces originally proposed by Mayor Michael Bloomberg. The ban is part of a nationwide trend of government on all levels considering new taxes and bans on soda, sugary beverages, and candy in order to fight what many have called an “obesity epidemic.”
CATO | Tax Rates Impact Economic Performance, but other Policies also Matter
I’m a big fan of fundamental tax reform, in part because I believe in fairness and want to reduce corruption. But I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good tax policy.