EconomyNews
Start From Scratch on Taxes? Why There’s a Bipartisan Push to Sunset the Tax Code
Few people in either party in Washington are happy with the current tax code, so what if we simply started over? That is at the… Read More
EconomyCommentary
How Our High Corporate Tax Rate Hurts Our Economy
COMBINED CORPORATE TAX RATES (2014) Source: Organization for Economic Co-operation and Development (OECD). The U.S. corporate tax rate is the highest in the developed… Read More
EconomyCommentary
Is Your State on the Path to Prosperity or the Poorhouse?
States across the U.S. share the common goal of economic prosperity, but they differ vastly in how they set out to achieve it. The latest… Read More
EconomyCommentary
Many Americans Will Be in the 1% (For One Year)
Who in America will earn the most money this year? You might as well ask who will win the Major League Baseball batting title. Each… Read More
EconomyCommentary
15 Cents of Every Dollar You Earn Goes to Funding These Government Programs
Out of every dollar you earn, 15 cents goes directly to payroll taxes. Your payroll taxes fund Social Security and Medicare (both “pay-as-you-go” programs) benefits… Read More
EconomyCommentary
Most Americans Say It’s Time to Update the Tax System
The last major update to the U.S. tax system was in 1986—over 29 years ago. Think about how much has changed since then. In 1985,… Read More
EconomyCommentary
Why Higher Tax Rates Don’t Necessarily Mean More Revenue
TOP TAX RATES AND TOTAL RECEIPTS One of President Obama’s major agenda items when he came into office was raising tax rates on the wealthy…. Read More
EconomyCommentary
If You’re a Middle Class Taxpayer Who Gets a Raise, Government Will Take This Much
How high is the marginal tax rate on each additional dollar the average American earns? In other words, if you got a raise of one… Read More
EconomyNews
How Steve Forbes Would Turbocharge the ‘Molasses-Like Economy’
Steve Forbes made the flat tax the centerpiece of his two presidential campaigns. Now, he’s promoting the idea once again as he relaunches an organization… Read More
PoliticsNews
Ted Cruz Wants You to Be Able to File Your Taxes on a Postcard
What’s the one initiative Sen. Ted Cruz would pursue as president to help ordinary Americans? That’s the question MSNBC host Joe Scarborough posed to the Texas Republican… Read More
EconomyCommentary
The Top 1 Percent Pay 35 Percent of Federal Income Taxes
The answer given by many on the left when faced with the problem du jour—deficits, inequality, etc.—is simply to raise taxes on the rich. But… Read More
EconomyNews
Why Republicans Are Calling for Higher Gas Taxes in This State
Georgia residents could soon see prices surge at the pump, as lawmakers consider a bill that would significantly raise taxes on gas so the state… Read More
EconomyAnalysis
How the New Lee-Rubio Tax Plan Would Boost the Economy
The U.S. has the highest corporate tax rate in the developed world, is the only major country to tax its businesses on income earned outside… Read More
EconomyNews
Can Obama Raise Your Taxes Without Congressional Approval?
The U.S. Constitution requires that tax bills originate in the House of Representatives. So could President Obama really impose a tax hike on Americans through… Read More
EconomyAnalysis
It’s Time to Kill This Tax (Entirely)
If there were ever a right time to eliminate the estate tax in America, it is right now. The latest tax collection data make an… Read More
EconomyNews
Utah Plan Would Force Out-of-State Online Retailers to Collect State Sales Tax
Utah is considering legislation that would mandate out-of-state online retailers to collect Utah sales taxes or obtain a license to continue selling their products in… Read More
EconomyCommentary
The President’s Proposed Budget Meets Late Night Television
President Obama’s proposed $4 trillion budget got a taste of late-night television. Comedian Jimmy Fallon joked: “Speaking of Obama, [Monday] he presented a $4 trillion… Read More
EconomyCommentary
Obama’s Proposal Would Make Effective Death Tax Rate as High as 68%
President Obama’s proposed changes to inheritance and capital gains taxes could raise the estate tax rate in the U.S. to the highest in the industrialized… Read More
EconomyCommentary
Washington Might Not Be Pushing Tax Cuts, But Republican Governors Are
While the prospects for tax reform in Washington are dim, as many as 20 Republican governors are moving forward with their own pro-growth tax-relief initiatives…. Read More
EconomyCommentary
If You Received a Higher Obamacare Subsidy Than You Were Eligible For, You Don’t Have to Pay It Back This Year
Ever since the individual health insurance mandate in Obamacare was upheld as a tax in 2012, taxpayers have been waiting to see how Obamacare affects… Read More
EconomyNews
California Might Replace Gas Sales Tax With Mileage Tax
Your fuel efficient car might be great for the environment, but if you live in California, it might not help you save money much longer…. Read More
EconomyCommentary
Why Don’t Lawmakers Want to Update the Tax Code?
Lawmakers in Washington have plenty of work ahead of them this year, so the temptation to punt on everything but the “hot” issues will be… Read More
EconomyNews
How Nikki Haley Plans to Make South Carolina More Competitive
The governor of South Carolina has proposed lowering the state’s income tax rate from 7 percent to 5 percent, accompanied by a 10 cent hike… Read More
EconomyCommentary
How Obama’s New Tax Plan Discriminates Against Stay-at-Home Parents
President Obama’s new tax plan, which he discussed in part in the State of the Union, lays out new proposals that he claims would help… Read More
EconomyCommentary
The IRS Has Around 100,000 Employees. And Yet It’s Still Incredibly Incompetent.
Imagine that a retail store or company like Best Buy or Home Depot announced that it has plans to slash customer service, that it will… Read More
EconomyCommentary
New GOP Plan Would Force Online Sales to Be Taxed at Rate of Seller’s State
House Judiciary Committee chairman Bob Goodlatte, R-Va., this week jumpstarted the sputtering effort to allow states to collect sales taxes on sales by out-of-state, mostly… Read More
EconomyCommentary
This Liberal’s New Tax Plan Won’t Help the Middle Class
There is widespread agreement that the tax code is inhibiting economic growth and harming American families as a result. Rep. Chris Van Hollen, D-Md., ranking… Read More
EconomyCommentary
Why Washington Politicians Want to Hike the Gas Tax
Suddenly everyone in Washington wants a gas tax hike—apparently so consumers don’t save too much money at the pump. As prices keep falling, the politicians… Read More
EconomyNews
One Democrat’s Plan to Put More Money Back in Your Pocket
The House Budget Committee’s top Democrat is out with a new plan that he says will put more money back in the pockets of middle… Read More
EconomyCommentary
The Union-Driven Crisis That Could Be Coming to a City Near You
For “Outrageous Government Scam of 2014,” it’s hard to compete with the news of the supersized public employee pensions in California. If you haven’t already… Read More
