Taxes (page 218)

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    If you want to push higher tax rates, you must ignore the truth

    J.T. Young. a former Bush administration staffer in Treasury and the Office of Management and Budget, offers the following information in a Human Events column to those who believe “taxing the rich” will solve the federal government’s budget problems: The most interesting part of…
    Mitch Kokai, June 15, 2011
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    Just as North Carolina doesn’t need a sales-tax hike to meet its budget needs …

    … the Cato Institute’s Michael Tanner explains in a new column posted at National Review Online that the federal government doesn’t need tax increases to deal with its deficit problem. There is a superficial moderation to that appeal, a sort of splitting the difference…
    Mitch Kokai, June 15, 2011
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    If North Carolina had a ‘tax-me-more’ fund …

    … as Joe Coletti and some like-minded legislators have advocated, those who fear the new state budget will lead to the disappearance of the state’s “most beloved, valuable public structures” could devote more of their own money to maintaining those structures. Instead they plan to hold…
    Mitch Kokai, June 15, 2011
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    New Carolina Journal Online features

    John Hood’s Daily Journal focuses on legislative Republicans’ efforts to puncture myths about the value of North Carolina’s government establishment. 1:10 p.m. update: An earlier version of this post included a link to an article that is no longer available.
    Mitch Kokai, June 14, 2011
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    Bev uses veto to raise money for her campaign

    The ink is not even dry on the governor’s veto of the state budget (that is fiscally responsible, does not raise taxes and puts education money in the classroom) and she’s….you guessed it…..using it to raise money for her re-election campaign.  Unbelievable! Here’s her email in case you didn’t get…
    Becki Gray, June 13, 2011
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    Dana Milbank is confused, so what else is new?

    Don Boudreaux tries to straighten out Dana Milbank with this letter to the Washington Post.   Keep trying Don, it just might sink in. Dana Milbank praises Barack Obama’s outgoing economic advisor Austan Goolsbee for allegedly rejecting “hifalutin theory” in favor of “cold, hard facts” (“With Goolsbee’s departure, Obama…
    Michael Sanera, June 13, 2011
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    No more stimulus … unless it’s real stimulus

    The following sentence from the latest TIME magazine inspired a Jon Sanders-style facepalm: Economists who have left the Obama Administration, including the former top economist Christina Romer, say more stimulus is needed. But then I read the next sentence: “The risk is…
    Mitch Kokai, June 13, 2011
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    Coburn on tax hikes

    You might be disappointed to read in the latest Bloomberg Businessweek that Oklahoma Sen. Tom Coburn is willing to accept some tax hikes (or the more euphemistic “revenue increases”) to help address the federal government’s debt problem. But if the following paragraph is accurate, you might…
    Mitch Kokai, June 13, 2011