Not taxed enough? Check here to pay more
Tuesday, September 25, 2012 - 13:16 Phillipe Nuguen/Getty A person fills out a tax declaration for the 2012 income tax on September 10, 2012 A post in the New York Times Economix blog this morning looks at a House Republican-led proposal to reduce the deficit. It's got an unlikely name, "The Buffet Rule Act of 2012." But no, this is not a millionaire's tax that billionaire Warren Buffett has spearheaded. Instead, the version passed by the House would let people volunteer to pitch in a little more on their tax bill. There are already some ways to do that, like leaving out some charitable contributions when you deduct from your taxes, as Mitt Romney and his wife, Ann, did. Bruce Bartlett wrote the post for the New York Times Economix blog and has written a book about tax policy . He notes that the Treasury has already collected $7.5 million in voluntary contributions this year. And however unlikely, advocates of this approach could also ask people to forego certain government benefits. "If ...
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Lasting legacy of Occupy Wall Street remains unclear
Friday, September 14, 2012 - 17:39 Andrew Burton/Getty Images An Occupy Wall Street banner is seen in Union Square at the end of a march from Zuccotti Park to Union Square on in New York City. Monday marks the one year anniversary of Occupy Wall Street. The day protestors set up camp in Zuccotti Park in New York, throughout the fall camps sprang up around the country. Twitter and Facebook were abuzz. Local TV news did liveshots from tents. But the demonstrators were eventually evicted. David Meyer teaches sociology at the University of California at Irvine and he's spent a lot of time studying social movements. Meyer said that it's too early to say what the effects of the Occupy movements are, but he said it did change political rhetoric. A change in rhetoric is a small step towards policy change. Meyer pointed out that President Lyndon Johnson started adopting the Civil Rights movements language before pushing the Voting Rights Act. "What the movement did was pull the debate back a little ...
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