• Obama and Democrats insisted that any possible agreement to replace the forced spending cuts with alternative deficit reduction should include more tax revenue from closing loopholes and subsidies that benefit wealthy industries and individuals.

    CNN: STORY HIGHLIGHTS

  • If multinationals are guaranteed a lower tax rate from the progressive, statutory corporate income tax rate of 35% in exchange for closing tax credits, then small businesses that have enough revenue will either rush to incorporate to get the same benefit now that their tax credits have been removed, or jam their congressional leaders phone lines asking for the same cut to the statutory rate.

    FORBES: On Corp Tax Reform, Small Business Wants In

  • Rather than campaign on a deep tax cut that would benefit high-earners, the Romney campaign might have instead championed a revenue-neutral tax reform that cut taxes dramatically on families with children while effectively raising them on childless high-earners.

    CNN: Why Mitt Romney is losing

  • So that saving in benefit payments, and potential extra tax revenue, falls in this year.

    BBC: UK Politics

  • The first type includes options that would direct some carbon tax revenue back to households in a manner that would benefit households in all income brackets, not just those at the lower end of the income distribution.

    FORBES: Carbon Tax Getting Serious Consideration As CBO Seeks To Address Regressiveness

  • Since the urban decline of the 1960s, courts have expanded the definition of "public use" to mean "public benefit, " allowing developers who promised higher tax revenue and jobs to seize property considered blighted.

    WSJ: Battle of the Beach

  • Obama has said repeatedly he's willing to include benefit programs in deficit-cutting legislation as long as more tax revenue is part of the deal.

    NPR: Gridlock: No Budging At The Budget-Cuts Deadline

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