EconomyCommentary
Where Do Your Tax Dollars Go?
When Americans file their taxes, it’s natural to wonder, “Where do my tax dollars go? What do they fund? And what don’t they fund?” According… Read More
EconomyCommentary
How to Talk Taxes in Simple Terms
If you’re in need of a great dinner party topic, try taxes. We pay taxes, we complain about paying taxes, and we admit to not… Read More
EconomyCommentary
Here Are 6 Reasons to Lower the Corporate Tax Rate Immediately
At close to 40 percent when including state rates, the U.S. corporate tax rate is one of the highest in the world. By comparison, the… Read More
EconomyNews
Obama’s IRS Chief Who Dodged Impeachment Continues Under Trump
In the heart of tax season, Internal Revenue Service Commissioner John Koskinen will address the National Press Club next Wednesday even as many members of… Read More
EconomyNews
Trump Looks to Rebound With Tax Reform
The White House sees the possibility of broad support for tax reform, and an opportunity for President Donald Trump to take up an issue that… Read More
EconomyNews
IRS Policy That Allowed Targeting Is Still in Effect, Watchdog Finds
An obscure bureaucratic policy that allowed IRS officials to target conservative and tea party tax-exemption applicants during the 2010 and 2012 election campaigns is still in… Read More
EconomyNews
Here’s What Happened to Workers After Philadelphia Passed a Soda Tax
Pepsi announced last week that it will lay off around 100 employees at distribution plants that supply the Philadelphia area. This is the latest blow for… Read More
EconomyNews
GOP Tax Leader Rallies Conservative Support for Levy on Imports
Rep. Kevin Brady, R-Texas, sought to convince conservative activists on Friday to rally behind a plan from House Republican leaders to tax imports instead of… Read More
EconomyNews
These Small Business Owners Fret Over ‘Devastating’ Import Tax Pitched by House GOP Leaders
Marc Johnson runs a small business with a major footprint. Johnson’s late father, Boine, who founded the company, and three engineers from England, helped create… Read More
EconomyNews
Study Shows Americans Flock to States With Less Burdensome Taxes
Migration patterns for 2016 show that Americans tended to move away from high-tax states and into states where residents keep more of what they earn…. Read More
EconomyNews
What to Know About Steven Mnuchin, Trump’s Pick for Treasury
Though not a widely known quantity in Washington, Steven Mnuchin, President-elect Donald Trump’s choice for treasury secretary, has had a seasoned career in high finance,… Read More
EconomyCommentary
3 Ways to Use the Presidential Debate to Talk Taxes
With the leak of Donald Trump’s tax records by The New York Times, and following round two of the presidential debates in which both candidates… Read More
EconomyAnalysis
How to Optimize Taxation to Meet Redistributive Goals
A new working paper by economists Emmanuel Saez and Stefanie Stantcheva purports to overturn a widely cited finding that capital should not be taxed; it… Read More
EconomyNews
Internet Sales Tax Legislation Is ‘Taxation Without Representation,’ Conservatives Say
Conservatives are wary of internet sales tax legislation in the works that would create an “unlevel playing field” for online businesses. Republican leadership in Congress… Read More
EconomyAnalysis
Clinton Estate Tax Plan Would Affect Many Families, Not Just the Very Rich
Hillary Clinton’s newly proposed top estate tax rate of 65 percent on $1 billion estates can sound innocuous enough to the average taxpayer. Last year… Read More
EconomyCommentary
Obama’s New Death Tax Threatens Family Farms and Businesses
We all knew President Barack Obama’s lame-duck presidency would be bad, but for the millions of Americans who work at family farms and businesses, it’s… Read More
EconomyCommentary
The State of Tax Reform in 2016
Tax reform remains a central issue in Washington because of its overwhelming necessity. Tax reform is badly needed to revive the slow-growing economy and increase… Read More
EconomyNews
What Happened After This Blue State Introduced an Income Tax to Balance Its Budget
In 1991, Connecticut Gov. Lowell Weicker decried the state’s “orgies of spending,” and said his income tax proposal—which would include fiscal discipline—would balance the books. Connecticut… Read More
EconomyCommentary
The Astonishing Amount of Taxpayer-Financed Loans That Have Gone to Failed Businesses
Small businesses are America’s backbone. They employ more than half of America’s workforce, and for every large business (more than 500 employees), there are 1,500… Read More
PoliticsNews
‘Just a Charade’: House Conservatives Decry IRS Chief’s Capitol Hill Visit
Internal Revenue Service Commissioner John Koskinen made the rounds Wednesday on Capitol Hill to discuss his potential impeachment, meeting with two of the largest GOP… Read More
EconomyCommentary
Back Again: This Time Obama Administration Wants a Taxpayer Bailout for Puerto Rico
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… Read More
EconomyCommentary
Goodlatte’s Internet Sales Tax Plan Is Better, but Still Falls Short
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… Read More
EconomyCommentary
The Sneaky Way Obama Is Hiking Death Taxes
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… Read More
EconomyCommentary
These Tax Code Changes Could Save Average American Families Around $4,000 a Year
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… Read More
EconomyCommentary
Soaring Business Taxes Hurt America’s Ability to Compete
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… Read More
EconomyCommentary
What Government Action Poses the Greatest Risk to Growth
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… Read More
EconomyNews
Conservative Leaders Rally Behind Stopping IRS Abuse of Donor Disclosures for Nonprofits
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… Read More
PoliticsNews
Conservatives Impatient With House Leadership on Impeaching IRS Chief
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… Read More
EconomyAnalysis
House Republicans’ Blueprint Bodes Well for Pro-Growth Tax Reform
House Republicans released a blueprint for tax reform on Friday. If Congress follows the architecture the blueprint lays out, it will create a strongly pro-growth tax… Read More
PoliticsNews
New Revelations Turn Up Heat to Impeach IRS Commissioner
Lawmakers tore into the Internal Revenue Service days after new revelations surfaced about the tax collecting agency’s targeting of conservative groups. The House Judiciary Committee is… Read More
