When a Tax Increase is Also a Tax Cut
Posted in Main Blog (All Posts) on July 21st, 2011 4:39 am by HL
When a Tax Increase is Also a Tax Cut
Wall Street Journal: “In one draft summary of the plan by the so-called Gang of Six Democrats and Republican senators, the authors said it would raise about $1.2 trillion in additional taxes to help shrink future deficits. But in another summary, also from the Gang of Six, the plan results in ‘net tax relief of approximately $1.5 trillion’ — a tax cut.”
“If lawmakers accept these competing views, Democrats could claim victory in their push for tax increases while Republicans could say they succeeded in opposing tax increases–a convenient solution to the current budget impasse.”
Brown Holds Double-Digit Leads in Ohio
A new Quinnipiac poll in Ohio finds Sen. Sherrod Brown (D-OH) way ahead of two potential challengers.
Brown leads State Treasurer Josh Mandel (R), 49% to 34%, and tops State Sen. Kevin Coughlin, 50% to 32%.