The Daily Deduction

Weekly Tax Inventory - 11/23/2012

Hostess bakery’s closure prompts another try at a federal fat taxDon’t Mess With Taxes 
Dennis Kucinich, U.S. Representative from Ohio and erstwhile Democratic presidential candidate, is at it again.

Five ways wind power can survive without tax credit extensionThe Christian Science Monitor  

While an extension of the tax credits is vital to a robust wind industry in the US, developers must start to consider strategic options for financing projects in a world without the PTC, Hinckley writes.

The New Republican Tax PolicyThe New York Times Blog 

Although it is commonly believed that the Laffer curve – the idea that tax cuts pay for themselves – is the core Republican idea about tax policy, this is wrong. The true core idea is something called starve-the-beast – the idea that tax cuts will force cuts in spending precisely because they reduce revenue.

Capital Gains and Dividend Income Tax Rates Scheduled to Increase in 2013: Added Impact of New Medicare Contribution TaxJDSupra 

Unless Congress can act decisively before the end of this year, the marginal federal income tax rates will increase for taxable years beginning on or after January 1, 2013.

Election 2012 Results and Impacts - JDSupra 

President Obama became only the second Democratic president to win reelection since Franklin Roosevelt (Bill Clinton being the other), winning both the popular and Electoral College votes.

Posted To: The Daily Deduction By: Lauryn on 11/22/2012 09:00:00 AM
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