Reid Throws Major Roadblock in Front of Tax Reform
Senate Majority Leader Harry Reid (D–NV) has just thrown a roadblock in front of tax reform that could stall the strong momentum that has been… Read More
Senate Majority Leader Harry Reid (D–NV) has just thrown a roadblock in front of tax reform that could stall the strong momentum that has been… Read More
President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now. Rather than offering… Read More
A new study argues that the misnamed Marketplace Fairness Act (MFA), better known as the Internet sales tax, would be good for economic growth. But… Read More
The momentum for tax reform continues to build. Adding to it is former Senator Phil Gramm (R–TX), who wrote an op-ed in The Wall Street… Read More
There is broad consensus that corporate tax reform is necessary to unleash business investment that the currently uncompetitive system prevents. Regrettably, some will use a… Read More
The misnamed Marketplace Fairness Act (MFA), commonly called the Internet sales tax, recently passed the Senate and awaits action in the House. If it becomes… Read More
Chairman of the Senate Finance Committee Max Baucus (D–MT) and Ranking Member Senator Orrin Hatch (R–UT) recently proposed a “blank-slate” approach to tax reform. This… Read More
On Tuesday, the Marketplace Fairness Coalition, a group supporting the Marketplace Fairness Act (MFA), released a “fact check” memo identifying no fewer than seven “myths”… Read More
EconomyNews
A letter from a small group of four pro-Internet-tax advocacy groups sent to Members of Congress yesterday claims that The Heritage Foundation is wrong on… Read More
The House Ways and Means Committee took another necessary step toward tax reform with a report requested from and issued through the Joint Committee on… Read More
Last night the Senate passed the misnamed Marketplace Fairness Act (MFA), popularly known as the Internet sales tax, by a 69–27 margin. The troubling bill… Read More
April 18 marks the 108th day of 2013. It is also Tax Freedom Day, as calculated by the Tax Foundation. Tax Freedom Day is the… Read More
Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day. Most Americans dread Tax Day, and… Read More
UPDATE: The official total tax increase in President Obama’s budget is now available in the Treasury Department’s “Green Book.” Treasury scores the total net tax… Read More
Under the leadership of Chairman Dave Camp (R–MI), the House Ways and Means Committee released draft legislation for improving the tax treatment of small business…. Read More
It has been nearly four years since the last time the Senate passed a budget. In that time, it hasn’t as much as proposed a… Read More
Two Members of Congress are reportedly trying again to impose an excise tax on certain financial transactions—i.e., the “Robin Hood tax.” A financial transactions tax… Read More
President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the… Read More
The federal income tax is now a centenarian. On February 3, 1913, the 16th amendment to the Constitution was ratified. The revenue the income tax… Read More
New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the… Read More
The Congressional Budget Office (CBO) just now released its score of the bill the Senate passed early this morning while everyone was celebrating the beginning of… Read More
The more time passes, the more we get to see in real life the consequences of Obamacare. We warned back when it passed that the… Read More
The one glaring omission in President Obama’s fiscal cliff demands for higher rates on top earners is that he’s already raised their taxes. That’s right!… Read More
As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point… Read More
Taxes and entitlements were two important domestic policy topics discussed during the debate between Vice President Joe Biden and Representative Paul Ryan. Among the many… Read More
In the recent presidential debate, President Obama said that only 3 percent of small businesses would pay higher rates under his plan to increase the… Read More
The Congressional Research Service (CRS) released a report that should be a cause for concern to all who believe in limited government. In it, CRS… Read More
The debate about former Governor Mitt Romney’s (R-MA) tax plan has reached a fevered pitch. In fact, The Washington Post published two articles (here and… Read More
The Tax Policy Center (TPC) made headlines with its analysis of Governor Mitt Romney’s tax reform plan. The authors of the TPC report found, incorrectly… Read More
The Congressional Research Service (CRS) set out to make a convincing case that lower income tax rates do not strengthen the economy. It failed, but… Read More