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Tuesday, December 18, 2012

Taxes

News                                                                                                                             
CNN Money | Tax bite on the rich if rates go up
The fiscal cliff may not be resolved yet. But after the latest round of offers and counteroffers, it's fair to assume that tax rates will be going up on the rich in some fashion.
CNN Money | Parents await fate of four key tax breaks
As the countdown to a fiscal cliff reaches its final days, four key tax breaks for parents are hanging in the balance.

Econ Comments & Analysis                                                                                            
Washington Times | ‘Cliff’ aside, expired breaks set to slam taxpayers
While much of Washington is consumed by the debate over tax increases scheduled to take effect next year, big tax hikes already have gone into effect for millions of families and businesses this year.
Real Clear Markets | The GOP Must Move The Tax Debate From Fairness to Facts
The current battle in Washington over how to avert the fiscal cliff (or even if we should) has the two sides talking past each other more than talking to each other.

Blogs                                                                                                                             
Heritage Foundation | The Obama Tax Plan: Undercutting Economic Growth
The President and his advocates in Congress argue that raising taxes on all taxpayers would damage the economy but that raising taxes on only “high-income” households is supposedly not economically destructive. This line of reasoning is simply mistaken.