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Keyword: tax

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  • Kayleigh McEnany: Major Legislative Victory Coming with RAISE Act and Tax Reform High Priorities

    08/08/2017 12:53:30 PM PDT · by Enlightened1 · 2 replies
    Breitbart ^ | 08/08/17 | John Hayward
    In her first interview since becoming the spokeswoman for the Republican National Committee (RNC), former CNN contributor Kayleigh McEnany talked to Sirius XM host Alex Marlow on Breitbart News Daily on Tuesday, during which she stressed the importance of Republicans unifying behind President Trump’s agenda. Marlow pointed out that, unfortunately, most of the key items from Trump’s 2016 presidential campaign are stalled in Congress. He asked what the RNC can do to clear away these legislative jams.McEnany replied that disappointed Republican voters should “stay tuned.”“Tax reform is coming,” she promised. “A family making $55,000, you’re going to see close...
  • SNAP Reform and Unhealthy Food and Beverage Taxation to Reduce the Need for Medicaid

    08/04/2017 10:05:45 AM PDT · by Brian Griffin · 44 replies
    self | 08/04/2017 | Brian Griffin
    There was an article in the Summer 2017 issue of "Good Medicine" that suggested removing SNAP ("food stamp" replacement) program eligibility for sweetened beverages, desserts, red meat, cheese, salty snacks, candy and sugar for health reasons. I support such SNAP eligibility removals, except for red meat or cheese. I'm not so sure that red meat or cheese should be removed from SNAP eligibility since so much of American agricultural land is only suitable for raising red meat/dairy product animals. That issue in "Good Medicine" also reported on the MIND diet to reduce Alzheimer's risk. The MIND diet was also reported...
  • A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County .......

    07/31/2017 5:10:57 AM PDT · by sleeper-has-awakened · 71 replies
    illinoispolicy.org ^ | 06/28/17 | Robert Brutvan
    Full Title: A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County will be the third burdensome tax applied to soda prices in Chicago, making a $4 12-pack of soda in the city cost $5.97. Beginning July 1, residents of Cook County may notice their grocery bills growing as a penny-per-ounce tax on artificially sweetened beverages takes effect.The new tax will be added on top of Chicagos highest in the nation sales tax of 10.25 percent and the citys 3 percent tax on non-alcoholic beverages. With the new sugary beverage tax, soda in Chicago will be...
  • Fixing the Tax Mess

    07/30/2017 5:18:39 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | July 31, 2017 | Bruce Bialosky
    Paul Ryan and his fellow members of Congress are forging ahead in an attempt to rearrange the deck chairs of our tax system before we all sink under the codes voluminous verbiage. Many House members -- particularly in the Republican Party -- have moved toward simplification. T.R, Reid has authored A Fine Mess, his take on our tax system and how it compares to other countries, which some people are using as a benchmark for how to tackle the current tax entanglement. Mr. Reid has produced a very readable analysis of taxes with very few errors considering he is a...
  • First statewide bicycle tax in nation leaves bike-crazy Oregon riders deflated

    07/18/2017 10:40:03 AM PDT · by ItsOnlyDaryl · 33 replies
    Washington Times ^ | 7.17.17 | Valerie Richardson
    In Oregon, a state known for its avid bicycling culture, the state Legislatures approval of the first statewide bike tax in the nation has fallen flat with riders.
  • First bicycle tax in nation leaving bike-crazy Oregon riders crazy.

    07/18/2017 12:59:41 AM PDT · by gattaca · 105 replies
    Washington Times ^ | 07/17/2017 | Valerie Richardson
    In Oregon, a state known for its avid bicycling culture, the state Legislatures approval of the first bike tax in the nation has fallen flat with riders. Democratic Gov. Kate Brown is expected to sign the sweeping $5.3 billion transportation package, which includes a $15 excise tax on the sale of bicycles costing more than $200 with a wheel diameter of at least 26 inches. Even though the funding has been earmarked for improvements that will benefit cyclists, the tax has managed to irk both anti-tax Republicans and environmentally conscious bikers. BikePortland publisher Jonathan Maus called it an unprecedented step...
  • Illinois Taxoholics Wear Down Rauner: Massive Tax Hikes In the Works

    07/02/2017 4:53:43 PM PDT · by ForYourChildren · 108 replies
    MishTalk ^ | 07/01/2017 | Mish
    Total capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down. In the emergency session, Rauner has agreed to hike the personal income tax rate to 4.95% from the current 3.75%. The corporate income tax rate will rise to 7% from the current 5.25% rate. For what? Nothing. Reforms are nonexistent. Another Deadline Come and Gone {..snip..}
  • Exxon Mobil signs on to Republican-led carbon tax proposal

    06/20/2017 9:54:17 PM PDT · by Timpanagos1 · 35 replies
    Houston Chronicle ^ | 6/20/17 | James Osborne
    WASHINGTON - Exxon Mobil Corp. and other large oil companies are backing a carbon tax proposal put forward earlier this year by a group of former Republican leaders including James A. Baker III, the former secretary of state and a Houston attorney. The Climate Leadership Coalition, a group that includes Baker, former Treasury Secretary Hank Paulson, and former Secretary of State George Shultz, announced a list of "founding members" Tuesday that includes Exxon Mobil, BP, Shell, Total, General Motors and Johnson & Johnson. "We support @TheCLCouncil as a founding member and are working to support its policy development process," Exxon...
  • Why More States Are Killing Estate Taxes

    06/16/2017 6:33:34 AM PDT · by reaganaut1 · 9 replies
    Wall Street Journal ^ | June 16, 2017 | Laura Saunders
    Want proof taxes can actually go down? In the last three years, nine states have eliminated or lowered their estate taxes, mostly by raising exemptions. And more reductions are coming. Minnesota lawmakers recently raised the states estate-tax exemption to $2.1 million retroactive to January, and the exemption will rise to $2.4 million next year. Maryland will raise its $3 million exemption to $4 million next year. New Jerseys exemption, which used to rank last at $675,000 per person, rose to $2 million per person this year. Next year New Jersey is scheduled to eliminate its estate tax altogether, joining about...
  • Phillys Soda Tax Is Shaping Up to Be an Epic Flop

    06/14/2017 11:43:06 AM PDT · by Kid Shelleen · 10 replies
    Philadelphia Magazine ^ | 06/13/2017 | ERNEST OWENS
    Its been six months since the citys soda tax (or, more accurately, the sugary beverage tax) was implemented and its off to a rocky start. The city is currently $20 million short of its projected $46 million goal to close out the 2017 fiscal year, and based on the most available months numbers, it doesnt appear as though they will reach it. But Im not surprised by any of this. By the time last June when Mayor Kenney pulled a fast one on City Council to strike the deal, I had already warned about the consequences in lower-income communities.
  • Seattle approves tax on soda, energy drinks, other sugary beverages

    06/06/2017 1:00:43 PM PDT · by Oldeconomybuyer · 55 replies
    CBS News ^ | June 6, 2017
    The Seattle City Council on Monday approved a new tax on soda and other sugary beverages as way to raise millions for healthy food and education programs. The ordinance calls for a tax of 1.75 cents per ounce to be paid by distributors of beverages such as Pepsi and Coke, sports drinks, energy drinks and other sweetened drinks. The tax excludes diet drinks. Supporters such as public health advocates and community groups cheered after the measure passed on a 7-1 vote. Mayor Ed Murray proposed the idea in February to raise millions for programs that promote access to healthy food...
  • Connecticuts Tax Comeuppance

    06/03/2017 12:23:51 PM PDT · by Hojczyk · 16 replies
    Wall Street Journal ^ | June 2,2017 | WSJ
    According to the fiscal analyst, income-tax collections declined this year for the first time since the recession due to lower earnings at the top. Many wealthy residents decamped for lower-tax states after Mr. Malloy and his Republican predecessor Jodi Rell raised the top individual rate on more than $500,000 of income to 6.99% from 5%. In the past five years 27,400 Connecticut residents, including Ms. Rell, have moved to no-income-tax Florida, and seven of the states eight counties have lost population since 2010. Population flight has depressed economic growthConnecticuts real GDP has shrunk by 0.1% since 2010as well as home...
  • Seattle Mayor Taxes Diet Soda Because Affluent White People Drink More Of It

    05/07/2017 9:50:14 PM PDT · by Helicondelta · 67 replies
    thegatewaypundit.com ^ | May 7th, 2017
    Via The Seattle Times: Mayor Ed Murrays soda-tax legislation led to criticism it was unfair because white and affluent people tend to drink more diet drinks. The mayors revised proposal lowers the tax rate slightly and adds diet soda. The changes were recommendations that emerged when staff from the mayors office and the office of Councilmember Tim Burgess studied disparate impacts the tax could have on people with low incomes and on people of color, according to Murray. That work involved conversations with community advocates, public-health professionals and business owners, according to the mayor. After Murrays initial announcement, some suggested...
  • Seattle Mayor Adds Diet Drinks to His Soda Tax To Tackle White Privilege

    05/07/2017 2:42:24 PM PDT · by Altura Ct. · 142 replies
    HeatStreet ^ | 5/6/2017
    The mayor of Seattle has altered the rules of his proposed soda tax whichwould fund education for minoritiesto include diet drinks because affluent white people tend toconsume them more. Mayor Ed Murray of the staunchly liberal Seattle cityoriginally proposed the soda tax during hisstate of the city address in February.Under hisinitial plan, distributors of sugarydrinks would have to pay 2 cents per ounce. It would cover sodas such as Coke and Pepsi, energy drinks like Red Bull, fruit drinks, sweetened teas and bottled coffees such as those sold by Starbucks. The Mayorclaimed the tax would bring $16 million in...
  • Apples Cash Hoard Set to Top $250 Billion

    04/30/2017 12:21:55 PM PDT · by DFG · 53 replies
    Wall Street Journal ^ | 04/30/2017 | Tripp Mickle
    In its quarterly results on Tuesday, Apple Inc. likely will report that its cash hoard has topped a quarter of a trillion dollars, an unrivaled milestone for a private corporation that raises a question: Why would any company want to hold that much money? Apple has added to its pile at a blistering pace, doubling it in just over four-and-a-half years. In the last three months of 2016 it wracked up new cash at a rate of about $3.6 million an hour. Its current total, not accounting for debt, exceeds the market values of Wal-Mart Stores Inc. and that of...
  • Rush: Idea for Democrats: A 90% Tax on Speaking Fees

    04/29/2017 1:48:12 AM PDT · by Yosemitest · 20 replies
    www.RushLimbaugh.com ^ | Apr 28, 2017 | Rush Limbaugh
    RUSH: Hey, did you see Obamas accepted another $400,000 speech? Thats two of them now. The first $400,000 speech was from a Wall Street firm, Cantor Fitzgerald. It slips my mind who the second one is from, but I have an idea.Thats how much he made per year as president.And were toldthat liberals dont care about money.Were toldthat liberals do what they do for altruistic reasons.Were toldthat liberals are compassionate.They care. They dont care about getting rich, they arent rich, and they, of course, have negative comments and things to say about everybody who is rich. And yet when they...
  • President Trump Lowers Taxes For Small Businesses, Simplifies Tax Code!

    04/27/2017 4:57:33 AM PDT · by davikkm · 11 replies
    IWB ^ | Gabrielle Seunagal
    Once again President Trump proves that he is a man of his word. Earlier today, the leader of the free world announced a wonderful tax plan that will provide tremendous aid to individuals and small businesses alike. The new tax plan consists of the following: lower individual income tax rates, a reduction in business rates, one time tax on overseas profits, a new territorial tax system, tax break for child care costs, and the repeal of the Alternative Minimum Tax. The Presidents new tax plan is in great alignment with his written proposals on tax reforms in his 2015 book...
  • TRUMPS PROPOSED TAX PLAN COULD COST THE GOVERNMENT $6 TRILLION

    04/26/2017 3:45:53 PM PDT · by lowbridge · 85 replies
    Newsweek ^ | April 26, 2017 | Graham Lanktree
    President Donald Trump will outline major tax cuts for Americans Wednesday that could take trillions of dollars away from the federal government over the next decade and lump it on to the national debt. The president will be "pretty broad in the principles" of tax reform that he lays out with more details coming in the summer, his director of legislative affairs, Marc Short, told the Associated Press. But what it boils down to is major hikes in the amount people can deduct from their taxes and large cuts for small businesses and corporations.
  • The Trump Tax Plan

    04/26/2017 2:03:54 PM PDT · by smashtheleft · 28 replies
    Insurgent Tribe ^ | 4/26/17 | Keith Nobles
    Trump has released his tax reform plan and there is much interesting about it; let us focus on one small portion that will get the most headlines reducing the corporate tax rate from 39% to 15%. The United States has the third highest corporate tax rate in the world at 39% even Chinas corporate tax rate is only 25%. Yes, we tax corporations at a higher rate than the commies! The caveat that is that no one pays the 39%. There are deductions and deductions are the threat to this tax plan passing congress. While the corporate...
  • Trump Is Said to Abandon Contentious Border Tax on Imports

    04/25/2017 3:41:07 PM PDT · by Theoria · 36 replies
    The New York Times ^ | 25 April 2017 | KATE KELLY, RACHEL ABRAMS and ALAN RAPPEPORT
    The Trump administration has dropped any support for a so-called border adjustment tax on imports, according to two people who have been briefed on the matter. The tax was intended to be the keystone of a tax reform proposal developed by Republican leaders in the House of Representatives. But it faced immense pushback from influential companies including Walmart and Toyota. If enacted, a border adjustment tax would have effectively imposed significant levies on billions of dollars of imported goods. Retailers in particular would have been hard hit, as products ranging from tires to T-shirts, which are imported from overseas, would...