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Wednesday, April 24, 2013

Taxes

News                                                                                                                             
CNN Money | How Obama's tax hikes would hit the rich and middle class
President Obama's 2014 budget includes tax proposals that would raise more than $800 billion over a decade. Those taking the biggest hit by far would be the very highest income households, but others down the income scale would have to pony up a little too.
Politico | Dave Camp to brief House Republicans on tax reform
House Republican leaders will launch an aggressive behind-the-scenes push this week to set up the first rewrite of the Tax Code in more than 25 years.

Econ Comments & Analysis                                                                                            
Fortune | Why Baucus's retirement won't make tax reform any easier
As Democratic Senator Max Baucus plans to step down, his party's leaders want to push him to meet them in the middle on corporate tax reform.

Blogs                                                                                                                             
Heritage Foundation | 9,646 Reasons to Dislike the Internet Sales Tax
The U.S. Senate is debating the so-called Marketplace Fairness Act. It’s a bill that would result in the taxation of Internet sales, driving up costs for consumers. The legislation cleared a procedural hurdle Monday and could have a floor vote by Thursday.