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Tuesday, January 20, 2015

Taxes

Econ Comments & Analysis                                                                                            
Wall Street Journal | Tax Reform Should Go Right Down Main Street
In his State of the Union address Tuesday night, President Obama will add steep increases in capital-gains and death taxes to his wish list of reforms designed to help the “middle class.” In reality, however, such steps would hurt the middle class by increasing the already heavy tax burden of many employers.
Market Watch | Obama’s tax plan is like ‘Piketty with an American accent’
The tax plan to be laid out at the State of the Union sounds like it may have been authored by a notable French economist.
Forbes | A Glimmer Of SOTU Compromise? Expanding The Earned Income Tax Credit
Republicans will grimace as President Obama unveils his massive tax hikes in tomorrow’s State of the Union address, however, one policy will receive bi-partisan applause: expanding the Earned Income Tax Credit (EITC).
Forbes | Obama's Bank Tax Is A Great Idea It Just Needs A Little Change
Obviously it didn’t take long for the banking industry to start complaining about the new tax that President Obama has suggested upon the liabilities of the largest banks.