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Tuesday, January 7, 2014

Taxes

News                                                                                                                             
WSJ | Cuomo proposes cutting corporate income taxes
Gov. Andrew Cuomo has proposed cutting the state's corporate income tax from 7.1 percent to 6.5 percent in the coming year and eliminating it altogether for upstate manufacturers.

Econ Comments & Analysis                                                                                            
CRS | Corporate Tax Reform: Issues for Congress
Interest in corporate tax reform that lowers the rate and broadens the base has developed in the past several years. Some discussions by economists in opinion pieces have suggested there is an urgent need to lower the corporate tax rate, but not necessarily to broaden the tax base, an approach that presents some difficulties given current budget pressures. Others see the corporate tax as a potential source of revenue.

Blogs                                                                                                                             
WSJ | Taxes That Compound In Ever Upward Spiral
While your Dec. 30 editorial "A Large New Tax on Small Business" covers part of the effect the premium tax on insurers will have on small businesses, the compounding effect of a tax on a tax on a tax deserves mention.