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Friday, February 28, 2014

Taxes

News                                                                                                                             
Politico | Wall Street threatens GOP on bank tax
Rep. Dave Camp’s tax proposal — which jacked up taxes on banks and threatens the bottom line of some major private equity players in New York — has infuriated donors in high finance.
Bloomberg | California Carbon Tax Would Be First at the Gas Pump
California would be the first U.S. state to impose a “carbon tax” directly on motorists at the fuel pump under a plan by a leading Democratic lawmaker to ease greenhouse-gas pollution.
AEI | One step closer to tax reform
Yesterday, House Ways and Means Committee Chairman Dave Camp (R-Michigan) unveiled the most sweeping, elaborate, and aggressive income tax reform proposal in a generation.

Econ Comments & Analysis                                                                                            
Market Watch | Dave Camp’s tax plan doesn’t go far enough
I had high hopes for House Ways and Means Chairman Dave Camp’s tax reform plan. Those hopes were dashed.
The Fiscal Times | Camp’s Courageous Tax Plan Is Bashed by All Sides
In putting out a comprehensive rewrite of the nation’s sclerotic and inefficient tax code, House Ways and Means Committee Chairman Rep. Dave Camp (R-MI) displayed a degree of political courage virtually unheard of in recent years, if measured only by the number of constituencies he pissed off.  - See more at: http://www.thefiscaltimes.com/Articles/2014/02/27/Camp-s-Courageous-Tax-Plan-Bashed-All-Sides#sthash.1a9xLcrm.dpuf
Fortune | Dave Camp's pitch to overhaul U.S. taxes: An impossible dream?
Unlike many previous Republican proposals to cut taxes, the Michigan congressman specifies how government would pay for them. This is critical, but it's not pretty.