Newsletter subscribe
Tag: Taxes

Back Again: This Time Obama Administration Wants a Taxpayer Bailout for Puerto Rico

Posted: September 2, 2016 at 11:34 am   /   Friends

Less than two months after Congress passed a package aimed to provide financial relief for Puerto Rico, the Obama administration is already at it again—this time seeking an outright taxpayer bailout for the U.S. territory through additional Medicaid funds and access to the earned income tax credit. Why does Puerto Rico need help? After decades […]

No Comments read more

Goodlatte’s Internet Sales Tax Plan Is Better, but Still Falls Short

Posted: August 29, 2016 at 2:04 pm   /   Friends

House Judiciary Chairman Bob Goodlatte, R-Va., has reignited the debate over state taxes on out-of-state (mostly internet-based) sales in releasing draft legislation to allow such sales to be taxed under simplified rules. The bill—the Online Sales Simplification Act of 2016—is a marked improvement over the fatally flawed Marketplace Fairness Act which the Senate passed in 2013. […]

No Comments read more

The Sneaky Way Obama Is Hiking Death Taxes

Posted: August 17, 2016 at 8:26 am   /   Friends

President Barack Obama isn’t afraid to enact his agenda over the will of Congress. At this late stage in his presidency, he’s still overreaching his authority to push through an agenda; his most recent overstep being an effort to unilaterally raise the federal estate tax. Conservatives have successfully lessened the impact of the estate tax, […]

No Comments read more

These Tax Code Changes Could Save Average American Families Around $4,000 a Year

Posted: August 4, 2016 at 3:06 pm   /   Friends

It’s a nuisance when an ATM charges you money to take money out. Imagine having to pay 31 cents for every dollar you withdraw. That’s how much it costs U.S. businesses to comply with the byzantine corporate income tax code. Taxpayers–businesses and individuals–are spending an enormous amount of time and money simply figuring out how much […]

No Comments read more

Soaring Business Taxes Hurt America’s Ability to Compete

Posted: August 4, 2016 at 2:01 pm   /   Friends

Countries around the world have made maintaining low corporate tax rates, as well as reducing rates, a priority in recent years. Meanwhile, the United States has stood on the sidelines. As a result, the U.S. now has the highest corporate tax rate in the developed world, exceeding the Organization for Economic Cooperation and Development average by […]

No Comments read more

What Government Action Poses the Greatest Risk to Growth

Posted: July 10, 2016 at 10:46 am   /   Friends

Proponents of higher government spending have used the Great Recession to argue that balanced government budgets hurt economic growth. In a new paper published by the National Bureau of Economic Research, economists Antonio Fatás and Larry Summers argue that deficit cuts during the recovery from the Great Recession, particularly in Europe, seriously hurt growth prospects […]

No Comments read more

Conservative Leaders Rally Behind Stopping IRS Abuse of Donor Disclosures for Nonprofits

Posted: July 1, 2016 at 11:50 am   /   Friends

Legislation that would prevent the Internal Revenue Service from requiring tax-exempt organizations to include the names, addresses, or identifying information of donors in yearly returns could end up on President Barack Obama’s desk. The House passed the bill, introduced by Rep. Peter Roskam, R-Ill., by a vote of 240-182 earlier this month. The White House […]

No Comments read more

Conservatives Impatient With House Leadership on Impeaching IRS Chief

Posted: June 29, 2016 at 11:59 am   /   Friends

Conservatives’ campaign to impeach IRS Commissioner John Koskinen has yielded hearings but little else. As the congressional calendar slips by, some accuse House Republican leaders of dragging their feet on the issue. “We’re running out of time” to impeach Koskinen, Rep. Raúl Labrador, R-Idaho, recently told The Daily Signal. House leadership isn’t serious about impeachment […]

No Comments read more

New Revelations Turn Up Heat to Impeach IRS Commissioner

Posted: June 13, 2016 at 9:23 am   /   Politics

Lawmakers tore into the Internal Revenue Service Friday, days after new revelations surfaced about the tax collecting agency’s targeting of conservative groups. The House Judiciary Committee is considering articles of impeachment against IRS commissioner John Koskinen. “We are going to stay on this case until he finds something else to do or he’s in a […]

No Comments read more