Taxes (page 220)

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    Williams highlights unintended consequences of attempts to soak the rich

    Walter Williams‘ latest column probes the historical record of recent government attempts to “tax the rich.” Specifically, Williams looks at the impact of an attempt in 1990 to impose a 10 percent luxury tax on yachts, private airplanes, and the most expensive cars. Back…
    Mitch Kokai, August 10, 2011
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    The president’s political basis for seeking tax increases

    Can Republicans convince President Obama that the best approach to fixing the federal government’s long-term budget and debt problems does not involve tax increases? An article from Kevin D. Williamson in the latest National Review suggests the president might not care. We have learned a few…
    Mitch Kokai, August 10, 2011
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    New Carolina Journal Online features

    Karen Welsh’s latest Carolina Journal Online report highlights different attitudes among teachers and the public about education reform. John Hood’s Daily Journal distinguishes democrats from demagogues.
    Mitch Kokai, August 9, 2011
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    Questions for Fareed Zakaria

    Fareed Zakaria frets about the recent debt-limit debate and longs for the days in which congressional Republicans would roll over and accept tax increases in return for promises of government spending cuts that never materialize. Writing with a note of nostalgia, Zakaria’s latest TIME cover story…
    Mitch Kokai, August 8, 2011
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    Another defense of Keynesian nonsense

    In the midst of detailing the Tea Party’s frightening impact on Washington politics — frightening to establishment politicians and media pundits, that is — TIME’s Michael Crowley buys into the key notions of Keynesian economics. Ample research shows that tax cuts and government spending…
    Mitch Kokai, August 8, 2011
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    New Carolina Journal Online features

    Sara Burrows’ latest Carolina Journal Online report details a controversial “game fish” bill in the North Carolina General Assembly. John Hood’s Daily Journal revisits an examination of North Carolina economic fact and fantasy.
    Mitch Kokai, August 8, 2011
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    Kudlow downplays talk of another recession, wishes he could be even more bullish

    In a column outlining his reasons for relative optimism about the nation’s economic outlook, Lawrence Kudlow ends with the following observations: [I]f government spending more works to grow the economy, why hasn’t massive government spending already worked to grow the economy? Here’s the dirty…
    Mitch Kokai, August 5, 2011
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    Conflating ‘state government’ with ‘the state’

    With the statewide sales tax holiday in effect this weekend, an otherwise straight news story on the News & Observer‘s front page tells us: For the state, the tax holiday is a losing proposition. By the state’s own estimates, it will forfeit about $14.5 million in…
    Mitch Kokai, August 4, 2011