taxes  (Page 1)

California aims to tax satellite launches

https://www.youtube.com/watch?v=_9JxSrwlTA4
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Posted by  ▪  Saturday, May 6, 2017 at 12:00pm 5/6/2017 at 12:00pm
https://www.youtube.com/watch?v=_9JxSrwlTA4

President Donald Trump plans to pursue public-private partnerships for develop the space industry, which is likely to increase the development and profitability of these firms.

The State of California obviously foresees th...

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ECON 101 Comes to Connecticut: Taxing the Rich Doesn’t Work

http://wtnh.com/2017/04/28/income-tax-revenue-collapses-malloy-says-taxing-the-rich-doesnt-work/
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Posted by  ▪  Wednesday, May 3, 2017 at 11:30am 5/3/2017 at 11:30am
http://wtnh.com/2017/04/28/income-tax-revenue-collapses-malloy-says-taxing-the-rich-doesnt-work/

Connecticut Governor Dannel Malloy did the unthinkable for a Democrat: He admitted taxing the rich does not work. The state has witnessed “two high-end tax hikes in the past six years.” So the wealthy in Connecticut have done what any sane person would choose to do: LEAVE.

Now the state faces a...

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Trump’s Tax Plan: Cut Corporate Taxes, Three Brackets for Income Taxes

https://www.youtube.com/watch?v=TTlkX41zuhQ
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Posted by  ▪  Wednesday, April 26, 2017 at 5:33pm 4/26/2017 at 5:33pm
https://www.youtube.com/watch?v=TTlkX41zuhQ

Secretary of Treasury Steven Mnuchin and National Economic Council Director Gary Cohn spoke to the press at the White House today about President Donald Trump’s tax reform plan. Trump wants to slash the corporate tax rate to 15%, which I covered yesterday. But he also wants to place income taxes for...

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Trump Pursuing a 15% Corporate Tax Rate

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Posted by  ▪  Tuesday, April 25, 2017 at 10:00am 4/25/2017 at 10:00am

President Donald Trump has offered us a little hint into the tax reform plan he wants to unveil on Wednesday. He has demanded aides to draft a plan that cuts ...

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In 2017, Americans Spending More on Taxes Than Food, Clothing, and Housing Combined

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Posted by  ▪  Monday, April 24, 2017 at 4:00pm 4/24/2017 at 4:00pm

April 23rd of this year was Tax Freedom Day, or “the day when the nation as a whole has earned enough money to pay its total tax bill for the year”.

A whopping 31% of the nation’s earnings are confiscated by the government for federal and state taxes for a total of...

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Trump to Include Dodd-Frank, Taxes in Latest Executive Order

https://www.youtube.com/watch?v=zFrarC6IhU4
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Posted by  ▪  Friday, April 21, 2017 at 2:30pm 4/21/2017 at 2:30pm
https://www.youtube.com/watch?v=zFrarC6IhU4

President Donald Trump will sign an executive order for Treasury Secretary Steven Mnuchin to target financial regulations from former President Barack Obama that have caused companies trouble to conduct business.

Mnuchin has said that the orders from Trump “are meant to emphasize the administration’s economic priorities to the American people.” This includes...

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Trump Taking New Approach on Tax Reform

https://www.youtube.com/watch?v=zFrarC6IhU4
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Posted by  ▪  Monday, April 10, 2017 at 1:00pm 4/10/2017 at 1:00pm
https://www.youtube.com/watch?v=zFrarC6IhU4

White House aides have told the Associated Press that President Donald Trump has decided to scrap the tax reform plan he campaigned on and start from scratch as a way to bring in more Republicans.

Trump and House Republicans already endured one defeat when many Congressional Republicans would not vote for their healthcare...

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Why Are Ivy League Schools Getting Billions in Tax Dollars?

http://admissions.yale.edu/sites/default/files/styles/main-carousel-image--1280x850/public/home-main-carousel-images/fin_aid.jpg?itok=6NEQ6j3v
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Posted by  ▪  Thursday, March 30, 2017 at 3:30pm 3/30/2017 at 3:30pm
http://admissions.yale.edu/sites/default/files/styles/main-carousel-image--1280x850/public/home-main-carousel-images/fin_aid.jpg?itok=6NEQ6j3v

Harvard’s endowment is worth billions. Same thing at Yale and other Ivy League schools.

Why do they need tax dollars?

This report from FOX News is enlightening:

Critics to Ivy Leagues: ‘Taxpayer gravy train needs to end’

Over a six-year period, Ivy League schools have received tens of billions in tax dollars, bringing in more...

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Tax reform takes spotlight after Obamacare repeal fails in Congress

https://www.youtube.com/watch?v=5pPL3yxfagA
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Posted by  ▪  Sunday, March 26, 2017 at 7:30am 3/26/2017 at 7:30am
https://www.youtube.com/watch?v=5pPL3yxfagA

Now that the GOP healthcare bill is dead, the administration will more than likely set its eyes on tax reform. However, this could very well end like the healthcare bill.

House Speaker Paul Ryan (R-WI) insisted that the party has “more agreement” when it comes to tax reform while Treasury Secretary Steven...

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McConnell, White House Battle Over Tax Reform Timeline

http://www.wjhg.com/news/headlines/Senate-Set-to-Stage-High-Profile-Keystone-XL-Debate-288333061.html
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Posted by  ▪  Friday, March 10, 2017 at 5:30pm 3/10/2017 at 5:30pm
http://www.wjhg.com/news/headlines/Senate-Set-to-Stage-High-Profile-Keystone-XL-Debate-288333061.html

Tax reform has been at the forefront of GOP policy issues in Washington. Under the Trump administration, tax reform includes a proposed border adjustment tax or tariff. Treasury Secretary Steven Mnuchin and the White House want tax reform legislation in the works by August, but Senate Majority Leader Mitch McConnell (R-KY) said an...

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Some States Want to Raise Gas Tax for First Time in Decades

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Posted by  ▪  Tuesday, February 21, 2017 at 1:00pm 2/21/2017 at 1:00pm

With higher construction costs and low revenue from low pump sales, a few states have considered raising the gasoline tax in an effort to raise funds for infrastructure.

President Donald Trump has promised to put forth $1 trillion to fix infrastructure across the country, but state officials have realized they need to...

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GOP’s Border Adjustment Tax Reform Plan On Life Support

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Posted by  ▪  Saturday, February 18, 2017 at 2:00pm 2/18/2017 at 2:00pm

House Republicans desperately want to reform taxes, but so far the only plan they have developed has gained no leverage. That’s because border adjustment makes up a majority of the plan, which few, including top retailers, want anything to do with.

The border adjustment is a tariff. It adds a tax on...

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Feds Collect Record High Taxes in First Quarter of Fiscal Year, Deficit Remains

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Posted by  ▪  Tuesday, February 14, 2017 at 4:00pm 2/14/2017 at 4:00pm

The feds hauled in a record $1,084,840,000,000 in taxes in the first quarter of this fiscal year, reports CNS. That amounts to about seven grand per worker.

More than $300 billion was collected in January alone.

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Elite Republican Group Promotes “Carbon Tax” Scheme

https://www.youtube.com/watch?v=FleM9upRPuM
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Posted by  ▪  Saturday, February 11, 2017 at 10:30am 2/11/2017 at 10:30am
https://www.youtube.com/watch?v=FleM9upRPuM

I recently blogged that a whistleblower revealed startling evidence that the National Oceanic and Atmospheric Agency rushed to release a widely-cited paper that exaggerated global warming and was timed to influence the Paris Agreement on climate change.

Despite the clear evidence of science fraud, big government bureaucrats are still promoting climate change...

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Will the House GOP Border Tax Survive?

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Posted by  ▪  Wednesday, February 8, 2017 at 2:30pm 2/8/2017 at 2:30pm

The Republicans in the House have suggested to overhaul the tax code with a “border-adjustment” proposal, but it has caused a massive split with companies before anyone has even drafted legislation.

I brought up this proposal when President Donald Trump explained that he would make Mexico pay for a border wall by...

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House Republicans Hope to Cut Taxes Without Raising Deficits

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Posted by  ▪  Wednesday, November 16, 2016 at 2:30pm 11/16/2016 at 2:30pm

Rep. Kevin Brady (R-TX) said the House Republicans hope to change the tax code without raising the deficits:

“We designed our blueprint to break even within the budget, considering that economic growth,” Rep. Kevin Brady (R., Texas), chairman of the House Ways and Means Committee, said at The Wall Street Journal’s CEO...

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Chamber of Commerce Endorses Senate Bill to Stop New Estate Tax Rules

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Posted by  ▪  Monday, October 24, 2016 at 2:30pm 10/24/2016 at 2:30pm

The Chamber of Commerce has endorsed a bill that would stop President Barack Obama’s administration’s new estate tax rules, which they insist would keep those mean wealthy people from reducing value on their assets.

GOP senators proposed legislation to stop...

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