Tax & Spend Liberalism Ain’t What It Used To Be

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WALL STREET JOURNAL: The Obama administration provided more details on the scope of its tax proposals, showing the impact of rate increases on higher earners would hit couples with about $235,000 of “taxable income,” or income after deductions and exemptions. The administration also revealed new details of its initiatives to shut down offshore tax shelters used by some investors and businesses, and to raise taxes on the overseas earnings of many U.S. multinationals. MORE

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