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51%  
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Keyword: revenue

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  • Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13

    04/26/2017 6:16:23 PM PDT · by central_va · 20 replies
    JFK speech ^ | 8/13/62 | JFK
    The last two major income tax rate reductions were in the 1960s and 1980s. Here are the results of those cuts and their effect on revenue collection. Federal revenue in 1960 = $92.5 Federal revenue in 1968 = $153.0 Over a 50% increase in revenue! Federal revenue in 1980 = $517.5 Federal revenue in 1989 = $909.0 Over a 70% increase in revenue! So the FACTS show that cutting taxes in the 60's and 80's increased federal tax revenue. Now you know the truth.
  • United States: The Plan For The Future Of American Infrastructure

    02/17/2017 4:55:24 AM PST · by Tolerance Sucks Rocks · 2 replies
    Mondaq ^ | February 13, 2017 | Richard P. Puttré, Eric W. Sedlak, Kevin J. McIntyre, Isel M. Perez and James F. Channing
    A Look Into the Opaque Crystal Ball for Infrastructure Initiatives in the First 100 Days of the Trump Administration President Donald J. Trump's "America's Infrastructure First" plan is one of the Trump Administration's priorities during his first 100 days in office. Throughout the campaign, President Trump heralded his plan to build and restore highways, tunnels, airports, bridges, and water systems across America and promised a $1 trillion investment in the infrastructure sector over a 10-year period. Leaders from both parties acknowledge the nation's deteriorating infrastructure, and there have been expressions of support from both sides of the aisle for some...
  • Poll: Is It Time for a VAT in the U.S.?

    02/12/2016 8:45:19 AM PST · by Citizen Zed · 64 replies
    wsj ^ | 2-12-2016
    Most other developed nations already have a VAT -- a system in which taxes are paid by each business in the different stages of production of a good or service, and, ultimately, directly or indirectly, by the consumer. VAT is considered a consumption tax, since it taxes what people consume, rather than how much they earn or their profits from investment. That's also a reason why some consider it unfair for lower-income households. And critics say it could let government take a bigger slice of the overall economic pie, enabling higher spending. Its supporters, meanwhile, say VAT is better for...
  • Thank the Heavens for Hank Paulson's Wonderful Memory

    02/07/2010 8:19:18 AM PST · by FromLori · 18 replies · 648+ views
    Economic Policy Journal ^ | 2/7/10 | Robert Wenzel
    Former Treasury Secretary Henry Paulson Jr. is out with his new book, On the Brink, where he details his version of events that occurred on Wall Street and Washington D.C.during the financial crisis while he was Treasury Secretary. All that you really need to know about this fairy tale can be found in the front of the book in what is labeled as "Author's Notes". In this preface, Paulson tells us that he doesn't take notes and doesn't use email and his staff was frustrated because he didn't send out memos, but fortunately, he tells us, he has a very...
  • California cap-and-trade auction falls far short, delivering blow to state revenue (tr)

    05/26/2016 6:16:22 AM PDT · by Oldeconomybuyer · 17 replies
    Los Angeles Times ^ | May 26, 2016 | by Ralph Vartarbedian
    The latest auction in California's cap-and-trade market for greenhouse gases fell sharply below expectations, as buyers purchased just 2% of the carbon credits whose sale funds a variety of state programs -- notably, the proposed high-speed rail project. The quarterly auction, conducted May 18 and announced Wednesday, will provide just $10 million for state programs, including $2.5 million for the bullet train. The rail authority had been expecting about $150 million. Whatever prompted the lack of buyers, the auction is a stark example of the uncertainty and risk of relying on actively-traded carbon credits to build the bullet train. The...
  • Why Marco Rubio and Ted Cruz's Tax Plans Generate More Growth than Donald Trump's

    03/04/2016 11:42:01 PM PST · by JediJones · 104 replies
    Tax Foundation ^ | 2/26/2016 | Alan Cole
    ...our model shows more growth from the Rubio and Cruz plans than the Trump plan, even though Trump proposed a larger cut: While Donald Trump largely opted for big rate reductions across the board, Rubio and Cruz made improvements to the structure of taxes, while cutting taxes by less overall. Senators Rubio and Cruz both put thought into the nature of the taxes that businesses pay. They noticed that the current way businesses are asked to calculate taxes creates a bias in the code. When a business builds something new, like, say, a new industrial lathe, that decision actually has...
  • Tax follies for 2016: It's elementary economics that higher taxes don’t always mean more revenue

    01/05/2016 8:01:14 AM PST · by SeekAndFind · 12 replies
    Washington Times ^ | 01/05/2016 | Richard Rahn
    If McDonald's suddenly cuts the price of its French fries in half, would its store profits fall or rise? If the price cut caused more people to come to its stores and spend more on other items, such as Big Macs, revenues and profits might rise, provided that competitors do not cut their prices in response. Airlines have learned to adjust their prices for each flight and almost each seat on what seems to be an hourly basis, depending on supply and demand, all in the interest of maximizing profit. Any business person who does not understand the laws of...
  • Money Rolling in from State License Plate Tax

    11/24/2015 7:03:12 AM PST · by MichCapCon · 5 replies
    Michigan Capitol Confidential ^ | 11/22/2015 | Tom Gantert
    The amount of vehicle registration (license plate) tax the state collects from Michigan motorists each year is up 24 percent since 1990, even after factoring in inflation. Revenue from the Motor Vehicle Registration tax rose from $420.2 million in 1990 to $943.5 million in 2014, according to the Senate Fiscal Agency. If expressed in 2014 dollars, the $420.2 million collected in 1990 would be equivalent to $761.1 million today. The amount actually collected last year represents a 24 percent increase in that figure. This revenue stream will grow another 20 percent starting Jan. 1, 2017, thanks to a tax increase...
  • Bundled Cable Death Watch: Q2 Cord-Cutting Soars to 566,000

    08/11/2015 2:54:15 PM PDT · by Dacula · 36 replies
    Breitbart ^ | 8-11-15 | John Nolte
    The largest swindle big business ever played on the American people — forcing us to pay huge cable bills for dozens of channels we never watch — is slowly coming apart. Even with an ever-increasing population, the pay TV industry (cable and satellite) lost a net 566,000 subscribers last quarter. When you add in Q1, that’s a total of 887,000 lost customers in just six short months. There is just no question that customers are getting tech savvy and budget savvy. The result is a growing wave of cord-cutters (last quarter was the second biggest drop in pay TV customers...
  • Donald Trump and Eminent Domain [Revisiting Trump's support of the Supreme Court's Kelo decision]

    08/09/2015 7:15:46 PM PDT · by SeekAndFind · 215 replies
    National Review ^ | 04/19/2011 | Robert VerBruggen
    In a free market, there’s a pretty simple process for dealing with the situation that arises when one person covets another’s belongings: The coveter makes an offer to purchase them. If the offer is rebuffed, the coveter can make a new proposal, but he cannot simply take what he wants. It’s an effective way of recognizing the impracticality of the Tenth Commandment while enforcing the Eighth. Donald Trump’s covetous nature is not in dispute, but what many may forget is that he’s no great respecter of the admonition not to steal, either: The man has a track record of using...
  • Police step up license plate readers to collect taxes now

    04/05/2015 2:38:06 PM PDT · by TurboZamboni · 56 replies
    kommando.com ^ | 3-31-15 | Kim Kommando
    If you live in Virginia and owe back property taxes, you should probably leave your car parked in the garage. That's because a few local police departments and towns are now using license plate readers provided by the Department of Homeland Security to spot people who owe back taxes and then impound their vehicles. Multiple agencies across the state were able to purchase automatic license plate readers thanks to grant money they received from Homeland Security's terrorism prevention program. But, rather than use them for security purposes, some seem to be using them to fill local coffers by collecting taxes.
  • The Ferguson Kleptocracy

    Ferguson has allowed its focus on revenue generation to fundamentally compromise the role of Ferguson’s municipal court. The municipal court does not act as a neutral arbiter of the law or a check on unlawful police conduct. … Our investigation has found overwhelming evidence of minor municipal code violations resulting in multiple arrests, jail time, and payments that exceed the cost of the original ticket many times over. One woman, discussed above, received two parking tickets for a single violation in 2007 that then totaled $151 plus fees. Over seven years later, she still owed Ferguson $541—after already paying $550...
  • Postmaster general: Agency looking for new revenue sources

    02/04/2015 12:09:48 PM PST · by Olog-hai · 36 replies
    Associated Press ^ | Feb 4, 2015 1:08 PM EST | Tom Raum
    The nation’s new postmaster general says the Postal Service is looking beyond its regular mail and package delivery for new sources of revenue. That means building on what Megan J. Brennan calls its “core competency”—the delivery of goods. So what is the agency doing? “We’re testing grocery delivery in San Francisco,” Brennan said in an interview with The Associated Press. “We’re also delivering water, cases of water in Manhattan and the boroughs” of New York City. …
  • State Revenue Increasing by $640 Million - Still Wants Tax Hike

    01/30/2015 7:02:05 AM PST · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 1/28/2015 | Tom Gantert
    With a liberal columnist writing about what is characterized as a “tax-cut fueled budget deficit,” taxpayers may not realize that government economists say the two largest funds in the state budget will grow by $640 million from 2015 to 2016. The combined revenues for the state budget’s General Fund and School Aid Fund will increase from $23.87 billion in 2015 to $24.51 billion the next year, according to the Consensus Revenue Estimating Conference's report. The estimate is a result of work done by the Senate Fiscal Agency, House Fiscal Agency, and Treasury Department. State spending in those two funds is...
  • Despite 'Tax Cut Fever,' State Revenue Grows by Billions

    01/21/2015 6:10:09 AM PST · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 1/20/2015 | Tom Gantert
    According to media reports, taxpayers may be thinking they are in the midst of a tax-cutting spree by the government. A Jan. 2 Michigan Radio headline read: “Snyder tries to chill tax cut fever” Earlier in 2014, John Austin, the director of the Michigan Economic Center at Prima Civitas Foundation as well as the president of the Michigan State Board of Education, wrote an article for Bridge magazine titled: “Constant tax cuts killing Pure Michigan” in which he bemoaned Michigan’s “tax cutting mania.” But in terms of an actual reduction in a tax rate, the state has enjoyed such an...
  • Colorado attempts to ban red light cameras again

    01/15/2015 9:33:48 AM PST · by george76 · 21 replies
    News Examiner ^ | January 14, 2015 | Bob Knudsen
    Colorado’s state congress is taking another stab at banning red light cameras at intersections, according to the Denver Post today. The measure is the second one of its type in as many years, with last year’s attempt failing to gain traction. Red light cameras have been proven time and time again to be not only ineffective at making intersections safer, but have actually been demonstrated to increase the number of accidents in many places where they are used. However, they are huge revenue raisers for many states and municipalities. Opposition to the measure comes from misguided types that are unaware...
  • Map: How much each state relies on the federal government for revenue

    01/10/2015 12:09:42 PM PST · by BBell · 41 replies
    Washington post ^ | 1/9/15 | Niraj Chokshi
    Nearly $1 in $3 in state revenue comes from the federal government, according to a new analysis. While taxes are responsible for most state general revenues, the federal government is responsible for about 31.5 percent of the total, according to the nonprofit Tax Foundation.
  • The IRS Needs More of Your Money So They Can Tax More of Your Money

    12/29/2014 12:02:51 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 29, 2014 | Michael Schaus
    The favorite government agency of statists, liberals, and progressives is worried that it might not have enough funding to adequately separate Americans from their hard earned money. The IRS commissioner John Koskinen complained to congress that the agency may not have budgeted enough next year to effectively carry out its duties. According to the AP:Budget cuts at the IRS could delay tax refunds, reduce taxpayer services and hurt enforcement efforts, IRS Commissioner John Koskinen said Thursday.Apparently 11 billion dollars just won’t cut it for the Federal Revenuers. In addition to needing billions of dollars to pay pensions, target conservative non-profits, and...
  • Obama Tax Hikes Drive Federal Tax Revenue Above $3 Trillion for First Time Ever

    10/22/2014 7:14:46 AM PDT · by SeekAndFind · 11 replies
    Daily Signal ^ | 10/22/2014 | Curtis Dubay
    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. Yet the deficit was still almost $500 billion. Clearly, the government continues to spend too much. We should tax enough to fund the legitimate functions of government, like national defense, homeland security, public health and others, but no more. The new record also shows us that, absent policy changes, the amount of revenue the government takes out of the private sector keeps getting bigger. Tax revenue grows as income grows, no matter what kind of...
  • City's Speed Traps Backfire [Chicago]

    10/18/2014 10:00:41 AM PDT · by Slings and Arrows · 58 replies
    Yahoo! Screen ^ | CBS-Chicago
    Drivers in Chicago have gotten wise to speed cameras, budget figures show, and now the city needs to come up with $50 million in revenue. Chicagoans are costing the city tens of millions of dollars -– through good behavior. Mayor Rahm Emanuel underestimated the intelligence of Chicago drivers, and the city paid for it big time. On a smooth, wide, well-travelled stretch of Irving Park Road, running between two cemeteries — no homes, no stores, no parking — the city of Chicago is trying to balance its budget. Each flash means a photo; each photo, a violation. Each violation: a...