New Bill Would Make Long-Overdue Changes to Tax Code
With all the damaging bills coming out of Congress today, and promises of more to come, it is easy to lose sight of necessary positive… Read More
With all the damaging bills coming out of Congress today, and promises of more to come, it is easy to lose sight of necessary positive… Read More
President Obama has consistently ducked the question on whether he is considering a massive tax hike in the form of a value added tax (VAT)… Read More
For just over half of all Americans today is Tax Day. But for the other half it is just another day on the calendar. That’s… Read More
In a recent interview with Yahoo Finance, Vice President Joe Biden said the following: “the top 1 percent of earners get 22 percent of all… Read More
The Tax Foundation recently released its annual report on the number of tax returns filed that have no tax liability, and the study shows a… Read More
President Obama keeps rolling out the tax hikes. In his budget released earlier this month, excluding the tax hikes he assumed to pay for health… Read More
The White House recently released President Obama’s health care reform proposal. The plan incorporates a mixture of the many tax increases passed by the House… Read More
The health care plan President Obama recently released is mostly a combination of the different plans passed by the House of Representatives and the Senate…. Read More
After a long-week of negotiations, unions have won an exemption from the excise tax on high-cost “Cadillac” health insurance plans. The excise tax would fall… Read More
The House and Senate are working to reconcile their differing health care reform bills into one final bill. Tax increases remain a stubborn sticking point…. Read More
Congress is discussing yet another tax increase. This one would be a tax on stock transactions and could fund a new jobs bill since it… Read More
Leaders in the House of Representatives recently discussed the possibility of extending the death tax at its current rate and exemption levels for one year… Read More
Congress will take up debate on the dreaded Death Tax once again in the coming weeks. It will do so because the Death Tax expires… Read More
The failure of the stimulus package to create jobs and generate economic growth becomes more apparent each day – despite preposterous claims from the White… Read More
A widely propagated myth contends that raising top tax rates doesn’t hurt small businesses because only a small percentage of them pay rates at that… Read More
On this week’s season premiere of the popular AMC show “Mad Men” viewers were reminded about the punitive high tax rates in the 1960s: [youtube]http://www.youtube.com/watch?v=tx8bQ-hqIUY[/youtube]… Read More
Virginians will celebrate their annual “sales tax holiday” this weekend—August 7 through August 9. On these three days, the state’s 5 percent sales tax will… Read More
The IRS released data today on the distribution of income taxes. It shows that the highest-earning taxpayers shoulder a considerable burden of the federal income… Read More
Everyone remembers President Obama’s now-infamous comment as a candidate that he thinks everyone is better when we “spread the wealth around.” Of course, we spread… Read More
The Congressional Budget Office (CBO) recently released a paper: Did the 2008 Tax Rebates Stimulate Short-term Growth? The paper is a comprehensive summary of the… Read More
The Obama Administration’s desperation for new revenue to feed its massive spending appetite is becoming more apparent every day. The latest tax hike proposal, this… Read More
Senator Johnny Isakson (R-GA) reintroduced his plan today to create a $15,000 tax credit for homebuyers purchasing primary residences. The goal of the plan is… Read More
Tax Freedom Day is the day in the year when we have earned enough income to pay our total tax bill for the year. It… Read More
Massive increases of spending by the Obama Administration, from the stimulus to its proposed budget, have created historically unprecedented large deficits that will push the… Read More
Two days after Tax Day, April 17, USA Today ran an editorial—Tax rhetoric vs. realtiy—that said the Tea Party protesters had nothing to be mad… Read More
Rep. James Oberstar (D-MN) came out strongly in favor of a vehicle mileage tax (VMT) yesterday. Just two months ago Transportation Secretary Ray LaHood floated… Read More
President Obama marked Tax Day with a speech touting his tax policies. He made several claims about how his policies will improve the economy, most… Read More
Congratulations! You made it! Tax day is finally here and you are free from filing your income tax returns for another year. Celebration is in… Read More
The Tax Foundation released its “2009 Survey of U.S. Attitudes on Taxes, Government Spending and Wealth Distribution” yesterday. Some interesting findings include: 56 percent of… Read More
Out of the blue today, President Barack Obama followed in President George W. Bush’s footsteps and announced the formation of his own tax reform panel…. Read More