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Tuesday, January 8, 2013

Taxes

News                                                                                                                             
CNN Money | How we used our payroll tax cut
Americans spent more of the extra income they received from the payroll tax cut in 2011 than they intended to.

Econ Comments & Analysis                                                                                            
Washington Times | Consumption-based tax reform boosts economy
The debate about the “fiscal cliff” may be over for now, but the questions about taxes are as pressing as ever: Should we raise them, by how much, and on whom?
Mercatus | The Home Mortgage Interest Deduction
The home mortgage interest deduction is the largest explicit tax deduction for households in the federal income tax code. Politicians have been reluctant to even consider removing this deduction, believing it to be one that provides significant benefits to middle-class taxpayers and encourages homeownership.

Blogs                                                                                                                             
Heritage Foundation | Morning Bell: 13 Tax Increases in 2013
New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases. Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day.