National Sales Tax Plan Could Spark Discussion, But Unlikely To Advance
A Plan To Overhaul The Nation’s Tax System Is Unlikely To Advance This Year, But It Could Help Define The Contours Of The Tax Debate In The Coming Years.
Read more
Tax Cuts and Jobs Act
House Republicans To Target Border Crisis, IRS Funding, More With New Majority
Now That U.S. House Republicans Have A Leader In Speaker Kevin McCarthy, They Are Turning Their Eyes Toward An Agenda With Investigations And A Few Key Legislative Goals.
Read more
Supreme Court Dismisses Challenge To Obamacare On Technicality
Supreme Court Ruled In Favor Of Upholding The Affordable Care Act In The Case, California V. Texas, Citing A Lack Of Legal Standing By Texas And The Other Plaintiffs.
The High Court, However, Did Leave The Door Open To Future Challenges.
Gas And Other Consumer Prices Spike In 2021 First Quarter
The Bureau Of Labor Statistics Released Data Tuesday Showing A Sharp Increase In Consumer Prices, Especially Gasoline, As Many Americans Struggle To Make Ends Meet. Critics Of President Biden’s Policies Say More Price Increases Likely To Come.
Read more
Biden’s Tax Increases Would Kill 1 Million Jobs In Two Years
Biden Has Proposed Increasing The Corporate Tax Rate From 21% To 28%, Reinstating The Corporate Alternative Minimum Tax, Increasing The Top Individual Tax Rate, And Amending Several Other Aspects Of The Tax Code.
Read more
TN Rep Proposes Extension Of Business Tax Break Incentives For Low-Income Communities
Part Of A New Economic Policy Initiative By Tim Burchett Is The Opportunity Zone Extension Act Of 2021, Which Would Add Two Years To The Current Opportunity Zones Program, Giving More Time For Investment In Communities Impacted By The Coronavirus Pandemic.
Read more
Biden’s Tax Plan Is A Bad New Deal
When Trump Took Office In 2016, He Implemented A Program Of Tax Cuts, Spending Increases And Pressured The Fed To Cut Interest Rates. His Goal Of 3% Growth Was Derided As Delusional By Liberal Media. Not Only Did The Unemployment Rate Fall, But The Percent Of Americans Employed Saw Its First Sustained Rise Since The Late 1980s. Biden Ignores The Successes Of The Trump Economy Before The Pandemic. If Biden Is Smart, He Will Continue Trump’s Growth Policies And Trade Initiatives. Trump Proved An Aggressive Growth Strategy Improves The Fortunes Of Everyone In America.
Read more
Biden Plans First Major U.S. Tax Increase In Decades
President Joe Biden Is Planning The First Major Federal Tax Hike In Nearly 30 Years. Biden Has Not Released The Full Tax Plan, But Sources Say Proposed Changes Would Raise Taxes, Including The Corporate Tax Rate, To Help Fund An Anticipated Several Trillion Dollars In Additional Federal Spending.
Read more
Biden Corporate Taxes Will Send Jobs Overseas
Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the coronavirus pandemic. These tax hikes will make America a more uncompetitive place to do business, send jobs overseas, trigger a return of corporate inversions, and make it easier for foreign businesses to acquire U.S. companies.
Read more
Biden Calls For Unity After Being Sworn In As 46th President
Biden Touts Promise Of Unity And Boldness And Marks The Beginning Of A Push For Progressive Policies That Could Have A Widespread Effect On Taxpayers.
Read more