EconomyNews
How Harry Reid’s Last Act as Majority Leader Directly Benefited His State
In his final move as majority leader, Sen. Harry Reid ushered through a series of tax breaks that directly benefit residents of his home state… Read More
EconomyNews
As Gas Prices Tumble, States Feel Pinch of Less Tax Revenue
Reduced gasoline prices are good news for drivers across the country, but they’re causing headaches for budget directors in oil-producing states who are now revising… Read More
EconomyCommentary
How Much Your Taxes Are Really Costing You
Your taxes are costing you a lot more than you think. In addition to the direct burden imposed by the taxes themselves, Americans face compliance… Read More
EconomyCommentary
Congress Is Renewing Insane Tax Breaks, Including One for Race Horse Owners
The legislative process in Washington is often compared to sausage making – something you don’t want to watch. But Jimmy Dean couldn’t hold a candle… Read More
EconomyCommentary
CRomnibus Contains Troubling Inversion Language
When a wave of inversions hit earlier this year, there were a variety of Congressional proposals to stop them. They were mostly feckless because none… Read More
EconomyCommentary
Before Hiking Gas Taxes, Michigan Needs to Spend Money for Roads More Wisely.
Michigan Gov. Rick Snyder (R) is leading an effort to gradually double the state’s 19-cent per gallon gas tax. Doing so would boost the state’s… Read More
EconomyNews
Little Conservative Group Gives Up in Nonprofit Status Battle with IRS
MADISON, Wis. – Marve Munyon and his two fellow members on the Rock River Patriots board of directors finally were forced to throw up their… Read More
EconomyNews
Maryland Questions Its Taxpayer Subsidy for ‘House of Cards’
Maryland politicians cast their film incentives program as the only way to lure productions such as “House of Cards” and boost the state’s economy. Yet, a… Read More
EconomyNews
Minnesota School Boards Can–and Often Do–Raise Taxes Without Voter Approval
ST. PAUL, Minn. — Minnesotans faced 39 school operating levy referendums on the ballot this fall, fewer than in any election since 1996. And they… Read More
EconomyNews
How Taxes Leave Some NHL Teams at a Disadvantage for Hockey’s Top Players
In the National Hockey League, an unrestricted free agent likely considers many factors when choosing a team: salary, coach, teammates, quality of the franchise, and… Read More
EconomyCommentary
How Hiking Taxes Is Working Out for Japan (Hint: Not Great)
Japan is suffering another economic free fall. Following a second quarter GDP decline of an annualized 7.3 percent, this last quarter the economy in Tokyo… Read More
EconomyCommentary
The Only Republican Governor Who Lost in 2014 Was the One Who Raised Gas Taxes
For months on end, Democrats crowed that voters were going to toss Kansas Gov. Sam Brownback and his tax-cutting agenda out of office on Tuesday…. Read More
EconomyCommentary
How Business-Friendly Is Your State? Check Out These Rankings
The choice of where to locate a business depends upon several factors. One of the most important elements of a favorable business environment is good… Read More
EconomyCommentary
The Richest 1 Percent of Americans Pay 24 Percent of Federal Taxes
The Congressional Budget Office released its annual study of the distribution of income and federal taxes. It tells us what we’ve long known: The rich pay… Read More
EconomyNews
Tax Incentives for Certain Va. Businesses Driving State into Debt
RICHMOND, Va. — Tax incentives for selected businesses are driving Virginia deeper into debt, and House Speaker Bill Howell says he’s committed to curbing the special… Read More
EconomyCommentary
This Tax Reform Could Give American Families an Extra $5K a Year
The winners of the election have to deal with the fact that when it comes to handling our money, Washington is out of control. Take… Read More
EconomyNews
Hawaii Taxpayers Would Spend Millions on Private Preschools if Amendment Passes
HONOLULU — Hawaii is the only state that prohibits government funding of private preschools, but that may change tomorrow. Hawaii’s voters will be asked whether… Read More
EconomyCommentary
Obama Tax Hikes Drive Federal Tax Revenue Above $3 Trillion for First Time Ever
The Treasury Department released this month figures showing that federal tax revenue exceeded $3 trillion in fiscal year 2014—the first time revenue surpassed that mark…. Read More
EconomyNews
Hawaii Ranks Worst for Sales Tax Burden
HONOLULU—Hawaii ranks worst in three major categories in the seventh annual “Rich States, Poor States” report, which tracks states’ economic policies based on 15 policy… Read More
EconomyNews
St. Paul Retailers Forced to Pay for Light Rail
ST. PAUL, Minn. — Just as St. Paul retailers began recovering from an average 30 percent loss in sales during the new $1 billion light… Read More
EconomyCommentary
Want an Economic Boost? Let’s Kill the Death Tax
Death and taxes are two of life’s certainties, but the tax on death itself should certainly be eliminated. A recent analysis by The Heritage Foundation’s… Read More
EconomyCommentary
Liberals Don’t Understand Dynamic Scoring or Tax Reform
Two liberals, New York Times columnist Paul Krugman and Slate columnist Jamelle Bouie, launched misguided broadsides against dynamic scoring this week. Dynamic scoring pertains to… Read More
EconomyNews
Job Losses Adding Up in America’s Most Liberal State
Jeb Spaulding’s unexpected departure as secretary of the Vermont Agency of Administration spells the loss of one of Gov. Peter Shumlin’s trusted advisers at a… Read More
EconomyCommentary
New Treasury Measures Will Do Little to Stop Businesses From Fleeing U.S.
American companies are merging with foreign firms and relocating their headquarters to those foreign countries because our tax structure is uncompetitive. So what does the… Read More
EconomyNews
Senate, Obama Renew Push for Broad Internet Sales Tax
Before the August recess, the House easily passed a bill to renew, without limit, a longstanding ban on taxing access to the Internet. Now some… Read More
EconomyNews
City Surprises Taxpayers With Monthly Fee to Fix Potholes
DULUTH, Minn.—All one needs to do to get a clue about the scope of this city’s street repair problem is log on to the local… Read More
EconomyNews
Data on Migration From Red States to Blue States, or Vice Versa, Slow Thanks to IRS
SPRINGFIELD — The Internal Revenue Service is slowing the pace with which it releases data on the migration of people — and thus their income… Read More
EconomyNews
California to Triple Tax Credits to Hollywood
In an effort to revive a struggling entertainment industry, California Gov. Jerry Brown and state legislative leaders announced a five-year expansion to the state’s film… Read More
EconomyNews
‘Taxes Really Do Matter’: Whopper of a Lesson From Burger King’s Move
Following Burger King’s example, more companies will aim to move their headquarters to other countries if the United States doesn’t lower — or eliminate —… Read More
EconomyCommentary
These Two Charts Totally Explain Burger King’s Move to Canada
Burger King’s taxes are going to decrease significantly in Canada. (Since this chart was made, the U.K. rate has become 21 percent and Canada’s rate… Read More
