Btw, TPC excluded other tax changes Bachmann proposed in her Journal interview.
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David Ranson had a good column earlier this week in the Wall Street Journal explaining that federal tax revenues historically have hovered around 19 percent of gross domestic product, regardless whether tax rates are high or low.
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For example, the Dallas Business Journal reported that the top effective tax rate on capital gains will rise in 2013 from 15% to 25%.
In contrast, the headline of a December 9, 2010 Wall Street Journal article provides, Estate-Tax Passage Is Likely.
The Journal also reckons that half will not reach the tax threshold in Germany.
The New England Journal article spells out the positive effects of a tax increase that decreased smoking overall.
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This idea has been championed by conservative policy entrepreneurs such as Ramesh Ponnuru of National Review and Robert Stein, a veteran of George W. Bush's Treasury Department, yet it has met with fierce resistance from The Wall Street Journal editorial board, which sees it as an unjustifiable tax giveaway that is an unhelpful distraction from the need to cut marginal tax rates.
In a recent article in the Wall Street Journal, Dennis K. Berman notes that one in five tax dollars in New York State comes from Wall Street.
Buffett also invites some mild criticism from Harvard economist and former Mitt Romney economic advisor Greg Mankiw, who writes on his Wall Street Journal blog that Buffett has failed to come clean about his own tax avoidance strategies.
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The Wall Street Journal reported in February that federal prosecutors in Manhattan were also pursuing criminal tax-fraud cases against Mr. Madoff's two sons.
When he recently visited the Journal, Mr. Romney all but said he didn't think he could propose a tax reform with lower rates because he'd be attacked as a rich guy.
This week, the LDP leader, Sadakazu Tanigaki, told the Wall Street Journal that the party may not continue to co-operate with Mr Noda over the consumption tax (the bill has yet to clear the upper house).
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