taxes  (Page 1)

House Republicans Hope to Cut Taxes Without Raising Deficits

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

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

LI #36 Congress
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Posted by  ▪  Monday, October 24, 2016 at 2:30pm 10/24/2016 at 2:30pm
LI #36 Congress

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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Prager U: Is America’s Tax System Fair?

prager u tax system
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Posted by  ▪  Thursday, September 29, 2016 at 5:00pm 9/29/2016 at 5:00pm
prager u tax system

We all love to complain about taxes and the IRS. People on both sides complain the system isn’t fair, but for different reasons. Should the rich pay more taxes? Is there some truth to the “fair share” argument? Author Amity Shlaes explains one tax solution I think everyone would like.

 
 
 

EU Forces Ireland to Collect $14.6 Billion From Apple in Unpaid Taxes

Apple Ireland EU
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Posted by  ▪  Tuesday, August 30, 2016 at 1:30pm 8/30/2016 at 1:30pm
Apple Ireland EU

The EU alleges that Ireland gave Apple, an American company, sweet deals in order to bring jobs to the island.

On Tuesday morning, the EU antitrust enforcer ordered Apple to pay 13 billion euros ($14.6 billion) in unpaid taxes in the biggest tax ruling in EU history.

(more…)

 
 
 

The Clintons Donated Lots of Money to… Themselves

Clinton Foundation
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Posted by  ▪  Sunday, August 14, 2016 at 7:30am 8/14/2016 at 7:30am
Clinton Foundation

It turns out the Clintons have been very charitable in their giving. The ironic part is that their own foundation was the greatest beneficiary of their philanthropy.

CNBC reports:

Clintons made $10.6 million in 2015, paid federal rate of 34%

Hillary and Bill Clinton released their 2015 tax returns on Friday, showing they paid...

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Philadelphia Nanny Staters Pass Soda Tax

Philadelphia Soda Tax
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Posted by  ▪  Friday, June 17, 2016 at 9:10am 6/17/2016 at 9:10am
Philadelphia Soda Tax

The left is celebrating the passage of a new tax on soda and sugary drinks in Philadelphia. It’s the second tax of its kind, the first was in Berkeley, California. This victory will only embolden proponents.

CNN reports:

Philadelphia passes a soda tax

In a final vote of 13-4, the Philadelphia City Council on...

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House Votes to Condemn Carbon Tax

Polar Bear Facepalm
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Posted by  ▪  Saturday, June 11, 2016 at 6:04pm 6/11/2016 at 6:04pm
Polar Bear Facepalm

The House has voted to condemn a carbon tax as “detrimental to American families and businesses.”

The Hill reports:

The House voted Friday to condemn a potential carbon tax, closing the door on a climate ch...

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Elizabeth Warren Wants the IRS to Do Your Taxes

http://aol.it/Sp6PLS
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Posted by  ▪  Sunday, April 17, 2016 at 2:30pm 4/17/2016 at 2:30pm
http://aol.it/Sp6PLS

Do you trust the federal government to prepare your taxes for you? Elizabeth Warren thinks so.

Should the Tea Party activists and others who have been harassed by the IRS for political reasons in recent years be expected to trust the agency with preparing their returns? Isn’t it bad enough that the...

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The Tax Man Cometh… and is Carrying a Big Gulp

LI #05 Big Gulp
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Posted by  ▪  Friday, April 8, 2016 at 10:00am 4/8/2016 at 10:00am
LI #05 Big Gulp

Tax Day this year is April 18th; ironically, it has been postponed this year because of a conflict with Emancipation Day.

After collecting a record amount from taxpayers last year, the Internal Revenue Service is going...

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The DEA’s $86 Million Plane That Doesn’t Fly

the dea's $86 million plane that doesn't fly government waste fraud and abuse tax payer dollars doj oig report
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Posted by  ▪  Thursday, March 31, 2016 at 1:00pm 3/31/2016 at 1:00pm
the dea's $86 million plane that doesn't fly government waste fraud and abuse tax payer dollars doj oig report

Tipped off by an anonymous whistleblower in 2014, the Office of the Inspector General dug into the Drug Enforcement Administration’s aviation operations with the Department of Defense in Afghanistan.

They found an $86 million plane that doesn’t fly. Worse still, the DEA’s Afghanistan mission ended in July.

According to...

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Is there any support for Mitt Romney’s Trump tax return suspicions?

Romney Trump Tax Returns
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Posted by  ▪  Saturday, February 27, 2016 at 6:00pm 2/27/2016 at 6:00pm
Romney Trump Tax Returns

On Wednesday Mitt Romney said some interesting things about Donald Trump and his tax returns, and they got picked up by a lot of news outlets and pundits, including Legal Insurrection. This is the way his remarks were generally reported:

He also called on the entire GOP field to release their...

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Obama Proposes New $10 Oil Tax

obama 60 minutes october 2015
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Posted by  ▪  Friday, February 5, 2016 at 8:30am 2/5/2016 at 8:30am
obama 60 minutes october 2015

In his last year in office, Obama promised to be more bold (reckless?) in pushing his agenda, and one thing that has long irritated him about our great country is our consumption of oil.

To address this pet peeve of his, Obama has released a budget in which he proposes a $10...

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Bernie’s “Free Stuff” Will Cost Taxpayers $19.6 Trillion in New Taxes

Bernie Sanders Democratic Debate 1-17-2016
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Posted by  ▪  Wednesday, January 20, 2016 at 7:00am 1/20/2016 at 7:00am
Bernie Sanders Democratic Debate 1-17-2016

Last week, I noted that Bernie Sanders was reluctant to reveal how he intends to pay for everything for everyone; this week, the Washington Examiner has some answers.

The Washington Examiner estimates that the bill for Bernie’s “free stuff for everyone!” promises will be approximately $19.6 trillion.  Our national debt, which has ...

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Cash Poor Democrats Want Taxpayers to Fund Their Convention

DNC cash poor problem
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Posted by  ▪  Tuesday, December 15, 2015 at 2:45pm 12/15/2015 at 2:45pm
DNC cash poor problem

Last month we reported that the DNC was going into debt while the RNC was raising millions. In a new but related development, the cash poor Democrats want taxpayers to help pay for their national convention.

Stephen Dinan reported at the Washington Times:

Struggling DNC craves tax dollars for convention

Already struggling...

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Art Laffer: Rand Paul and Ted Cruz Have Best Tax Plans

Art Laffer
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Posted by  ▪  Friday, November 27, 2015 at 6:00pm 11/27/2015 at 6:00pm
Art Laffer

Art Laffer, famed member of President Reagan’s Economic Policy Advisory Board, has co-authored, with Stephen Moore, an article for Investor’s Business Daily in which they assert that Rand Paul and Ted Cruz have the “best” tax proposals.

They begin with a bit of a warning to those serious about tax reform:

All the...

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Fleeing blue state taxpayers should leave their blue politics behind

http://knowmore.washingtonpost.com/2015/04/01/how-a-great-american-migration-to-california-reversed-itself/
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Posted by  ▪  Sunday, September 6, 2015 at 12:30pm 9/6/2015 at 12:30pm
http://knowmore.washingtonpost.com/2015/04/01/how-a-great-american-migration-to-california-reversed-itself/

A newly published study shows taxpayers are (still) abandoning blue states and heading to states where Republicans retain a greater level of influence.

Leah Jessen of the

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Record $2.6 Trillion tax revenue not enough to feed federal gov’t beast

Federal Government Record Taxes
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Posted by  ▪  Sunday, August 16, 2015 at 9:30am 8/16/2015 at 9:30am
Federal Government Record Taxes

Since the beginning of fiscal year 2015, the federal government has taken in a staggering $2.6 trillion in tax revenue. Despite this record breaking haul, the United States is still operating in the red.

Terence P. Jeffrey of CNS News reports:

$2,672,414,000,000: Federal Taxes Set Record Through July; $17,955 Per Worker–Feds Still Run...

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