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Senate Finance Cmte
From @thehill, bipartisan support for an important piece of the tax cut extenders package the SFC passed this summer: http://thehill.com/blogs/on-the-money/domestic-taxes/258783-lawmakers-fight-for-state-sales-tax-deduction …
From @nytimes, BLS with a positive update on jobs numbers. "An additional 386,000 jobs were created" from 4/11 to 3/12. http://economix.blogs.nytimes.com/2012/09/27/more-jobs-than-we-knew/ …
(2) It's an important follow up to this from @Reuters on uncertainty adding 1-2 % points to unemployment since '08 http://www.reuters.com/article/2012/09/17/us-usa-fed-unemployment-idUSBRE88G14320120917 …
(1) From @FinancialTimes, a story on what uncertainty is doing to businesses and jobs in the U.S. http://www.ft.com/intl/cms/s/0/44604dbc-072a-11e2-92b5-00144feabdc0.html#axzz27a0I6j3b …
From @WSJ, an interesting look at one of the drivers of health care costs: http://professional.wsj.com/article/SB10000872396390444083304578018653684493998.html?mod=ITP_pageone_1&mg=reno64-wsj …
"That complexity, as well as the wide gap between the rates on income and capital gains, invites people to ... game the system." (5)
"We must consider complexity ... Half the U.S. tax code -- more than 20,000 pages -- exists solely to deal with capital gains." (4)
"Low capital gains tax rates are the main reason many wealthy individuals pay lower tax rates than middle class families." (3)
"We need to consider the capital gains rate compared to the rates on wage income, dividends and corporate income." (2)
Baucus: "Our entire tax code - including its treatment cf capital gains - needs to be rebuilt for the 21st century." (1)
Today at 10:00 - Joint hearing with Senate Finance and House Ways & Means on tax reform and capital gains. Watch here: http://www.finance.senate.gov/hearings/hearing/?id=a8c63df9-5056-a032-5299-2e87363627af …
“The U.S. cannot stand by and let China skirt international trade rules, especially when American jobs are at stake." http://www.finance.senate.gov/newsroom/chairman/release/?id=6f4e2921-b04c-4ac3-a7b8-582efe31e38c …
Baucus Sticks up for U.S. Jobs, Voices Strong Support for WTO Case Fighting China’s Unfair Auto Subsidies http://www.finance.senate.gov/newsroom/chairman/release/?id=6f4e2921-b04c-4ac3-a7b8-582efe31e38c …
From the SFC press staff, congrats to the whole @Morning_Joe crew on five great years!
...That hearing will look at capital gains taxation in the context of tax reform. Third joint hearing SFC and W&M have held this Congress.
The SFC and Ways and Means Committee will hold a joint hearing on the tax treatment of capital gains - 9/20 at 10am http://www.finance.senate.gov/hearings/hearing/?id=a8c63df9-5056-a032-5299-2e87363627af …
Baucus: Health reform is helping insure more and more Americans and boosting access to high-quality care. http://www.finance.senate.gov/newsroom/chairman/release/?id=cef14e6a-d2ee-4535-8bf7-d84be9b03068 …
Great news from the Census Bureau: over a million Americans who didn't have insurance in 2010 got it in 2011. It's health reform at work.
Impt @nytimes story on widening income inequality: http://goo.gl/60TAm . See the 2011 CBO report on the long-term trend http://cbo.gov/publication/42729 …
From @washingtonpost, a story on the dropping number of uninsured Americans. More proof that health reform is working. http://www.washingtonpost.com/national/health-science/number-of-uninsured-americans-drops-by-13-million-census-report-shows/2012/09/12/0036c876-fcdc-11e1-a31e-804fccb658f9_story.html …
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