Tax Policy & IRS News
The Daily Signal reports on tax legislation, reform efforts, and tax enforcement by the IRS. Get conservative analysis on how tax policies and cuts affect families, businesses, and America’s fiscal outlook.
-
news
With Tax Cuts Ending Next Year, Americans Firmly Oppose Paying More
Regardless of who is in the White House come Jan. 20—whether Donald Trump or Kamala Harris—the next president will face a deadline at the end of 2025 that could trigger a tax increase for Americans across all 50 states. A recent survey by Americans for Prosperity, a grassroots organization that seeks to transform policy around… -
opinion
STEALING HOME: Local Governments’ Shocking Property Tax Grabs
Sometimes, politicians steal people’s homes. Really. If homeowners miss property tax payments, even if they never received the bills, some towns grab the whole house and keep the proceeds. All the proceeds. Even if the total is much more than the property tax owed. I reported on this (mal)practice a couple years ago. Since then,… -
opinion
Do You Know Where Your Tax Dollars Go? Now You Can
Open the Books was founded in 2011 on a simple principle: Taxpayers deserve to know where their money is going and how it’s being spent. Americans are paying “property taxes to fund local education, so wouldn’t you like to know where that money is going?” asks Matthew Tyrmand, deputy director at large of the Florida-based… -
opinion
Lawmakers Push New Student Loan ‘Forgiveness’ Proposal, Burdening Taxpayers With Billions
After a pause in student loan repayments during the COVID-19 pandemic, borrowers have started paying again. But if history is any guide, some student loan borrowers will pay next to nothing—and after 10, 20, or 25 years, taxpayers, not borrowers, will be forced to pay the outstanding balances. Now, some members of Congress are trying… -
news
Voters Moving Right on Tax Cuts, Poll Shows
A national survey released weeks before the Nov. 5 presidential election shows most voters know little about the personal impacts of the Tax Cuts and Jobs Act, which is set to expire at the end of 2025. The survey, conducted by Public Opinion Strategies on behalf of Stand Together, shows that 76% of voters, an… -
opinion
The Danger of Taxing Unrealized Capital Gains
Some ideas are like horror movie villains. They’re dangerous, and no matter how many times they’re defeated, they never seem to die. The misguided idea of taxing unrealized capital gains is back on the scene. Sen. Ron Wyden, D-Ore., floated a proposal to tax unrealized capital gains in 2021. It was widely debated in 2022,… -
opinion
Kamala Unveils $5 Trillion Tax in Hikes Targeting Small Businesses, Employees, More
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Kamala Harris’ economic plan is taking shape, starting with $5 trillion in new taxes—because Washington clearly does not have enough money to spend. In the past fortnight alone, Harris has promised to hike taxes on small businesses to… -
news
Kamala Harris Looks to Jack Up Corporate Tax Rate as President
DAILY CALLER NEWS FOUNDATION—Vice President Kamala Harris is looking to raise the corporate tax rate to 28% if elected president, NBC News reported on Monday. The federal corporate tax rate in the U.S. is currently 21%, as enshrined in former President Donald Trump’s 2017 Tax Cuts and Jobs Act. But Harris seeks to move the tax rate… -
opinion
Bill Would End Taxpayer-Funded Union Activities by Federal Employees
“Official time” is an oxymoron that conveniently misleads federal taxpayers. When federal employees are on “official time,” they’re not doing the jobs they were hired for. Instead, they’re released from their official duties and working for their union—all while getting their taxpayer-funded federal employee salaries and benefits. Some lawmakers believe this needs to stop…. -
news
‘Usurpation of Parental Rights’: District’s ‘Gender Inclusion’ Training Costs Taxpayers $1.5K
The South Pasadena Unified School District in California paid an organization that wants a “more inclusive world for gender-diverse children and teens” $1,500 for a three-hour workshop on so-called gender inclusion in 2022. The workshop at the Southern California district included training on creating “Gender Support Plans” using Gender Spectrum’s form, which hides a child’s… -
news
Thousands of Unaccompanied Minors Now Victims of ‘Taxpayer-Funded Child Slavery’
THE WASHINGTON STAND—Data collected between February of 2021 and January of 2024 revealed “464,922 [unaccompanied] children have been encountered by U.S. Customs and Border Protection police nationwide.” Some experts, such as those from the child immigrant aid organization Kids in Need of Defense, have explained this surplus of unaccompanied minors was “expected” and likely due to “U.S. measures implemented… -
opinion
Courts Block Biden’s Student Loan Cancellation Plan: A Win for Taxpayers
On Monday, two federal court judges issued nationwide injunctions stopping the Biden administration from illegally canceling hundreds of billions of dollars in student debt. This scheme, the Saving on a Valuable Education, or SAVE, Plan, is the latest lawless loan redistribution attempt to fail in court. Background President Joe Biden finalized SAVE via an administrative… -
opinion
How Much Federal Income Tax Do the Rich Pay?
Politicians on the Left portray the rich in America as a bunch of freeloaders who don’t pay their fair share of taxes. These politicians suggest that many of society’s problems could be solved if only the rich would be less greedy and hand over more of their money to the government to spend. There are… -
opinion
Supreme Court Narrowly Upholds Tax on Unrealized Gains From Overseas Company Profits
The Supreme Court issued a much-awaited ruling in a tax case, holding that the mandatory repatriation tax passed as part of the 2017 Trump tax cuts did not exceed Congress’ constitutional authority. The court’s holding was narrow, and significant in large part for issues it did not address, leaving open questions related to the constitutionality… -
opinion
5 Ways to Help Avoid Going Over the Looming 2025 Tax Cliff
A large tax increase is scheduled to hit almost all taxpayers at the end of next year—that is, unless Congress comes up with, and agrees to, another plan before then. Expect a lot of talk about taxes from politicians over the next year-and-a-half as Washington grapples with the looming tax cliff. Unfortunately, few lawmakers will… -
news
NPR’s CEO Is a No-Show at Hearing Looking Into Bias at Taxpayer-Funded Network
A House subcommittee on Wednesday discussed the increasing left-wing bias at National Public Radio, a taxpayer-funded news and features network. The hearing stemmed from a debate sparked by an online essay a month ago in The Free Press by longtime NPR editor Uri Berliner, who alleged that the network was both extremely biased and had… -
opinion
Taxpayers Are Subsidizing College Extremism
Mohamed Abdou is a pro-Hamas “anarchist interdisciplinary activist-scholar of Indigenous, Black, critical race, and Islamic studies, as well as gender, sexuality, abolition, and decolonization” at Columbia University. Now, I don’t mean to pick on Abdou. It’s just that he happens to teach virtually every trendy pseudo-intellectual identitarian twaddle concocted by modern man. Ultimately, we make… -
opinion
With NPR’s Left-Wing Bias Again Exposed, Its Taxpayer Subsidies Draw Renewed Scrutiny
It’s been a week since a liberal, 25-year veteran editor for National Public Radio published a damning online essay about the network’s biased, left-wing coverage, and there appears to have been no self-reflection by NPR’s powers that be. Uri Berliner, who authored the essay, was chastised by NPR employees, suspended, and finally submitted his resignation… -
opinion
Planned Parenthood Checklist: More Abortions, Less Actual Health Care, More Tax Dollars Than Ever
Planned Parenthood’s 2022-2023 annual report is out. Unlike last year’s annual report, now we’re finally able to see how the 2022 Dobbs decision overturning Roe v. Wade is affecting Planned Parenthood’s abortion numbers and bottom line. Spoiler alert: Abortions and government funding are at all-time highs. Actual health care for things such as cancer screening… -
opinion
Taxpayers Shouldn’t Have to Fund State Department’s DEI Pseudoscience
The federal government increasingly looks like an Ivy League classroom, combining therapy for fragile souls with indoctrination into specious ideology. Nowhere is this more apparent than at the State Department, where employees are encouraged to take courses in the name of diversity, equity, inclusion, and accessibility, or DEIA, that stress their differences, trauma, and status on the…