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Wednesday, July 3, 2013

Taxes

News                                                                                                                             
FOX Business | Helping Banks Avert U.S. Tax Charges
The Swiss government agreed on Wednesday on a framework to allow the country's banks to pass data to U.S. authorities in a bid to save them from criminal charges for helping wealthy Americans evade taxes.
CNN Money | Eight states raise their gas tax
Eight states increased their gas tax this week, according to a report from the Institute on Taxation and Economic Policy.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Let's Make Sure the Tax Code Works For Men
Congress is expected to take up comprehensive tax reform later this year or next. As we prepare for a potentially bruising partisan battle, it is incumbent upon leadership of both parties to ensure that the tax code incentivizes work for American families, many of whom have seen their fortunes decline as wages for low-skill workers continue to stagnate.

Blogs                                                                                                                             
FOX Business | Tax Code Reform
One story we have ignored for the last few days – new efforts to reform the tax code. This time around the reform minded are two senators, Max Baucus and Orrin Hatch, a Democrat and Republican respectively. I applaud their efforts. Goodness knows converting to a flat tax – squeezing out all the special gimmicks and breaks – would go a long way to setting this country on the right track.