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Wednesday, June 12, 2013

Taxes

Econ Comments & Analysis                                                                                            
Investors | No Surprise That Top Tax Payers Also Get Biggest Breaks
They say "numbers don't lie," but they can withhold the truth. Such is the case with a recent congressional report appearing to show that a disproportionate share of tax breaks go to top earners.
AEI | Not much to show for TELs
Current fiscal pressures, driven largely by pension and health care costs, have renewed policymakers’ interest in such tax and expenditure limits (TELs). But while substantial time, resources, and effort have been devoted to the enactment of TELs, the fiscal outcomes stemming from such tools have largely failed to live up to their promises.
Heritage Foundation | Did Tax Increases or Spending Cuts Preface the 1990s Boom?
The early 1990s are a great example of the success of structural reform and spending cuts. Fiscal consolidation from 1993 on featured 67 percent spending cuts and 33 percent tax increases. International Monetary Fund economists recently quantified a detailed narrative of the tax increases and spending cuts during that era

Blogs                                                                                                                             
Market Watch | Big windfall seen for ‘Fix the Debt’ companies if U.S. switches tax system
Big companies aligned with the Campaign to Fix the Debt stand to reap as much as $173 billion in windfalls if the U.S. shifts to a so-called “territorial” tax system, a report from a left-leaning think tank said on Wednesday.