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Inefficient form of taxation. it discourages investment. it encourages companies when they can be mobile to look for lower tax environments to place economic activity. if we want to create investment incentives here for u.s. companies and foreign companies and for jobs here, we have to start with a competitive corporate tax rate. that's the first step, bringing the rate down. the second step is paying for that by getting rid of the kind of loopholes, preferences, credit subsidies that have been added to the code over the past 30 years. that really distorts the code. economists worry a lot abou...

But that is what it actually is. the actual definition of base broadening tax reform that is emerging in the ongoing fiscal cliff negotiation says tax reform that limits itemized deductions among high taxpayers. that is a very boring sentence. do not be bored. this is important. here is what it actually means. as former budget director poi pointed out in a bloomberg column, 90% of those itemized destructions for the rich is three categories. deductions paid for taxes paid, mostly state and local. home mortgage interest and charitable interest. look at each in turn. first, home mortgage deducti...

Broaden the base. simplify the code. and create incentives for growth. >> we're willing to accept some additional revenues via tax reform. simpler, cleaner, fairer tax code with fewer loop holes and rates for all. >> in simpson-bowles, democrats love it too. base rod and tax lowering platform. sounds so good, doesn't it? sounds better than charity destroying home shrinking state burdening tax reform. but that is what it actually is. the actual definition of base broadening tax reform that is emerging in the ongoing fiscal cliff negotiation says tax reform that limits itemized deductions among ...

amazing images i have seen in the history of modern royalty. ♪ >> a choir on the deck in the pouring rain, one of the great choirs. >> one of the great orchestras singing "royal britannia." let's listen to this. ♪ [ horning horns honking ] you are watching live pictures of the culmination of a remarkable 90 minutes, the queen's diamond jubilee here in london t is pouring with rain it has been horrendously cold, but nothing has dampened the spirits of the occasion. it has really been something incredibly special and you see her majesty, the queen there a fitting image with a lar...

which appears to hope that syria's president assad will negotiate his own departure, seems utterly doomed. instead, america, the western world, indeed, the civilized world should attempt to dislodge the assad regime. but is there a smart way to do it? for a number of reasons military intervention is unlikely to work well in syria. unlike in, say, libya, syria is not a vast country with huge stretches of land where rebels can retreat, hide, and be resupplied. syria is roughly one-tenth the size of libya, but with three times as many people. perhaps for this reason the syrian rebels ha...