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Tuesday, May 14, 2013

Taxes

News                                                                                                                             
National Journal | IRS Scandal Throws Max Baucus New Challenges on Tax Reform
The unfolding Internal Revenue Service scandal could complicate Senate Finance Committee Chairman Max Baucus’s No. 1 goal of enacting comprehensive tax reform before he retires at the end of this Congress.
WSJ | The IRS Wants You
President Obama famously joked in a college commencement address in 2009 that he could use the IRS to target political enemies but of course he never would. It appears that people at the Internal Revenue Service didn't think he was joking.

Econ Comments & Analysis                                                                                            
WSJ | The Federal Revenue Surge Won't Last
There were many happy faces in Washington on Friday with the Treasury Department's announcement of robust tax revenues for April. Individual income-tax receipts surged to $240 billion for the month, taking the total for 2013 to $483 billion.
Forbes | The IRS's Tea Party Scrutiny Was No Random Error
Just when it appeared Washington, D.C. had become impervious to a full-blown political scandal, along comes a seismic revelation jarring Americans of all ideological moorings – one that’s placed one of the most feared (and fastest-growing) “independent” government agencies squarely on the hot seat.