Taxes (page 212)

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    Kudlow addresses the president’s ‘class-warfare, tax-the-rich budget’

    Lawrence Kudlow‘s latest column puts President Obama’s budget plan under the microscope. Layer upon layer of tax hikes are piled on successful investors, small-business owners and corporations. The capital-gains tax goes from 15 percent to 24 percent (including Obamacare). The dividends tax…
    Mitch Kokai, February 16, 2012
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    Tax Foundation ranks North Carolina 23rd in sales taxes

    As Democratic candidates for North Carolina governor rally around the goal of raising the state sales tax, you might be interested to read what the Tax Foundation says about the state’s sales tax rate compared to neighboring states. Look at the state sales tax rate alone, and here’s…
    Mitch Kokai, February 15, 2012
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    Lowry’s assessment of the Obama budget: Spend, tax, repeat

    Rich Lowry‘s latest column at National Review Online analyzes President Obama’s budget plan. President Barack Obama loves to talk about how he was open to painful changes in entitlement programs in last year’s private budget talks with Republicans. Oddly enough, his bragged-about courage behind…
    Mitch Kokai, February 14, 2012
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    New Carolina Journal Online features

    Sara Burrows reports for Carolina Journal Online about a Hoke County preschooler forced to eat chicken nuggets because a government worker decided her home-prepared lunch wasn’t nutritious. John Hood’s Daily Journal provides some facts to battle the rhetoric about tax “fairness.”…
    Mitch Kokai, February 14, 2012
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    Why did Obama reject the Bowles-Simpson recommendations?

    Pundits across the political spectrum have asked why the president decided to punt on debt reduction ideas from his own Bowles-Simpson commission. (Former Republican U.S. Sen. Alan Simpson shared his theory during a recent joint appearance with retired UNC system president Erskine Bowles at Duke University.) Writing in…
    Mitch Kokai, February 13, 2012
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    Why not make it even lower?

    The latest TIME documents the reasons why — despite a nominal federal corporate tax rate of 35 percent — “corporations paid just 12.1 percent of their domestic income in federal taxes in Washington’s most recent fiscal year.” Companies are supposed to be taxed at 35%. Why…
    Mitch Kokai, February 13, 2012
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    ‘Don’t just do something, stand there’ a good idea … except when it’s not

    The editorial page editor at Barron’s, Thomas G. Donlan, praises the benefits of inaction in a recent commentary (subscriber link). Would America like to balance its federal budget — or at least come close? “Don’t just do something, stand there.” To come back from…
    Mitch Kokai, February 13, 2012
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    New Carolina Journal Online features

    David Bass reports for Carolina Journal Online that the Obama administration’s new contraception mandate would supersede a state law that has generated little controversy. John Hood’s Daily Journal probes the real state budget, which is more than twice as large as the budget typically discussed in…
    Mitch Kokai, February 13, 2012