taxes  (Page 2)

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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Prager U: Is America’s Tax System Fair?

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Posted by  ▪  Thursday, September 29, 2016 at 5:00pm 9/29/2016 at 5:00pm

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

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

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.

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The Clintons Donated Lots of Money to… Themselves

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

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

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

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

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

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

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Posted by  ▪  Friday, April 8, 2016 at 10:00am 4/8/2016 at 10:00am

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

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Posted by  ▪  Thursday, March 31, 2016 at 1:00pm 3/31/2016 at 1:00pm

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?

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Posted by  ▪  Saturday, February 27, 2016 at 6:00pm 2/27/2016 at 6:00pm

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

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Posted by  ▪  Friday, February 5, 2016 at 8:30am 2/5/2016 at 8:30am

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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