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    Morning Bell: Obama Aims for the Money You Don't "Need"

    Over the past several weeks, America has seen on grand display in Washington a singular mindset emanating from the White House: We must raise taxes so that we can keep on spending. This week, though, America was treated to something different—a glimpse inside President Barack Obama’s mind, a roadmap of … More

    Top 10 Reads: July 12, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Doing more by doing less – Ed Feulner On treaty, team O is ‘lost’ at sea – Peter Brookes Why is the government mailing you $2? – Rory Cooper Fix Social … More

    Youth Hardest Hit in Obama Economy

    Whom has the recession hurt the most? There is no easy answer to that question—job opportunities have diminished for every ethnic and demographic group. But one of the worst hit groups has attracted little media attention: the youth. Younger Americans overwhelmingly voted for Obama in 2008, but the Obama economy … More

    IRS Could Foul-Up Yankee Fan's Good Deed with Big League Tax Bill

    Baseball is unforgiving for the generous. A pitcher serves up a meaty pitch, and the batter hits a home run, never giving credit to the man who threw the ball. A starry-eyed fan gives a trophy to a legend, and now he’s about to get hit with a tax burden. … More

    Eat Your Peas or the U.S. Will Risk Default

    Yesterday, the President conditioned a debt limit increase on the House and Senate meeting his demands to increase taxes, a very risky declaration. The President declared that he would veto any short-term debt limit increase because he wants a comprehensive deal including tax increases. Ben Feller of the San Francisco … More

    Sen. Gillibrand Accidentally Makes the Case for Bush Tax Rates

    Sen. Kirsten Gillibrand, D-NY, is determined to convince Americans that the Bush-era tax rates have directly resulted in job losses for New Yorkers. To that end, she recently published a series of bullet points purporting to show the effect of those tax rates on employment in nine regions of New … More

    In Australia's Misguided Carbon Tax, a Warning for the U.S.

    On Sunday, the government of Australia announced that it will implement a US$24.74 per-metric-ton tax on carbon emissions. The damage the tax is expected to do to the energy sector there, and to the Australian economy generally, offers insight into what the effects of a carbon tax could look like … More

    Morning Bell: America, the Europe of the West?

    Last night, President Barack Obama and U.S. congressional leaders failed to reach agreement on a deal to raise the nation’s debt limit. Meanwhile, it has been more than 800 days since the U.S. Senate passed a budget, liberals in Washington are pushing for higher taxes, unemployment is soaring, the deficit … More

    Soaking the Rich to Raise the Debt Ceiling Won’t Solve Spending Problem

    In the debate about raising the debt ceiling, the reality is often lost that the top 10 percent of income earners—those making more than $113,799 in 2008 (the latest year available from the IRS)—already pay 69.9 percent of the income taxes. The same top 10 percent, however, earn only 45.8 … More

    Morning Bell: In Debt Limit Debate, Higher Taxes Aren't the Answer

    Republican congressional leaders will meet in the White House today with their Democratic counterparts and President Obama in an effort to reach an agreement on the debt ceiling. Reports are sketchy as to whether they will succumb to arm-twisting by the White House, amplified in the media, to cut a … More