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Keyword: taxes

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  • Business-Friendly States Are Growing at the Expense of Those that Tax and Spend

    04/22/2017 7:15:10 PM PDT · by SeekAndFind · 19 replies
    National Review ^ | 04/22/2017 | Jonathan Williams
    The tenth edition of the Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index has just been released, and once again, Utah was found to have the best economic outlook of any state in the nation. The rankings are based on 15 equally-weighted economic policy variables, including tax rates, labor policy, and regulatory climate. They continue to show that states valuing economic freedom and competitiveness outperform states adhering to the tax-and-spend model, with state economic policies having a substantial effect on where businesses and individuals choose to set up shop. Taxes matter for economic competitiveness. People and businesses often...
  • A Bull Market with Momentum Starts this Wednesday?

    04/22/2017 7:14:35 PM PDT · by ShivaFan · 13 replies
    opinion | 04-22-2017 | ShivaFan
    President Trump told The Associated Press on Friday that he intends to release a tax reform plan next week that includes a "massive tax cut" for businesses and individuals. This is what I have been waiting for and have been building my portfolio since December on this hope. I was very concerned when the "Freedom" Caucus damaged the momentum by not accepting reality and being hardliners who could not wait to stage in the required changes needed in the name of what Americans have their hopes in - jobs and the economy. My position is the DOW already "priced in"...
  • Presidential Executive Order on Identifying and Reducing Tax Regulatory Burdens

    04/22/2017 8:45:32 AM PDT · by TaxPayer2000 · 6 replies
    WhiteHouse.gov ^ | April 21, 2017 | President Donald J. Trump
    EXECUTIVE ORDER - - - - - - - IDENTIFYING AND REDUCING TAX REGULATORY BURDENS By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Policy. The Federal tax system should be simple, fair, efficient, and pro-growth. The purposes of tax regulations should be to bring clarity to the already complex Internal Revenue Code (title 26, United States Code) and to provide useful guidance to taxpayers. Contrary to these purposes, numerous tax regulations issued over the last several years have effectively increased...
  • Communist Surges in French Election [semi-satire]

    04/21/2017 4:53:31 PM PDT · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 23 Apr 2017 | John Semmens
    Jean-Luc Mélenchon, the joint candidate of the French Communist Party and the Unbowed France political movement, is surging in the polls following his pledge to "raise taxes on the rich to 100% and gut the goose that lays the golden eggs for the benefit of the working class." "The idea that anyone has the right to withhold anything from the people and their representative, the state, is a pernicious doctrine we must exterminate," Mélenchon said. "For too long progressives have held back from this obvious truth and solution to society's problems. When everything is thrown into the common pot and...
  • Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt

    04/21/2017 8:56:30 AM PDT · by rktman · 30 replies
    dailycaller.com ^ | 4/20/2017 | Andrew Follet
    Solar company Suniva Inc. filed for bankruptcy Wednesday after receiving millions in government subsidies to manufacture solar panels. Suniva blamed its bankruptcy on competition from cheap Chinese-made solar panels, but the company received about $20 million in support from federal and state taxpayers, according to the Atlanta Journal-Constitution. “For many years, Chinese manufacturers of solar cells have benefited from favorable, state-sponsored financing and lower labor costs, allowing them to flood the United States market for solar cells and modules with cheap imports,” David Baker, the company’s restructuring officer, said in a statement. “This has negatively impacted manufacturers based in the...
  • Taxpayer-Funded Duck Penis Researcher Now Studying Whale Penises

    04/21/2017 6:00:50 AM PDT · by kevcol · 34 replies
    Washington Free Beacon ^ | April 21, 2107 | Elizabeth Harrington
    A leading researcher on a ridiculed taxpayer-funded study of duck penises is now using her expertise on orca whales and is going to the "March for Science" to protest budget cuts. Patricia Brennan, a visiting lecturer at Mount Holyoke College in Massachusetts, worked on the duck penis study that received $384,949 from the National Science Foundation, a grant that was funded through the 2009 stimulus package. The study looked at the differences in the corkscrew-shaped penises of ducks.
  • Trump to order U.S. Treasury to delve into taxes, post-crisis reforms

    04/20/2017 7:20:09 PM PDT · by Innovative · 11 replies
    Reuters ^ | Apr. 20, 2017 | Lisa Lambert
    U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. A White House official said on Thursday that Trump will issue an executive order directing the Treasury on the tax issues. He will also issue two memoranda asking for reviews of two parts of the 2010 Dodd-Frank Wall Street reform law - the Orderly Liquidation Authority that sets out how big banks can wind down during a crisis and the Financial Stability Oversight Council (FSOC), which...
  • De Blasio Brags About New York Cigarette Price Floor Being Raised To ‘Highest Price In The Country’

    04/20/2017 5:07:21 AM PDT · by kevcol · 65 replies
    Washington Free Beacon ^ | April 19, 2017 | Charles Fain Lehman
    New York City Mayor Bill de Blasio announced Wednesday that cigarette prices in the city would go up $2.50 to $13 which, de Blasio bragged, would be "the highest price in the country." . . . Council Member Fernando Cabrera, who introduced the bill to create the licensing requirement for e-cigarette retailers, described the proposal as "a major step to limit the use of e-cigarettes, which are dangerous nicotine delivery systems that can lead to nicotine and potentially drug addiction."
  • Colorado’s Abusive, Intrusive, Counterproductive, Sacred Cow

    04/19/2017 11:19:45 AM PDT · by smashtheleft · 3 replies
    insurgenttribe.com | 4/19/2017 | Shawn Mitchell
    Among Colorado state government policies, probably none is more hated and criticized but more entrenched and unassailable than the Business Personal Property Tax. That levy amounts to government’s demand that businesses pay the state an annual ransom based on the value of everything they own that isn’t real estate. It’s an irrational tax based on nothing more than ownership of objects that do not drive any particular need for government services. The accidental or deliberate genius that protects the Business Personal Property Tax, or BPT as insiders call it, is that the majority of its revenues go to the local...
  • Ryan video: We need to simplify the tax code so you could file on a postcard

    04/19/2017 9:44:09 AM PDT · by Sean_Anthony · 31 replies
    Canada Free Press ^ | 04/19/17 | Dan Calabrese
    An idea so great . . . we've heard it many times before. Now will someone please make it happen? Not remarkable: A Republican officeholder says the tax code should be simplified to the point where you could file your taxes on a postcard. We’ve been hearing this since the days of Ronald Reagan at least (maybe people were saying it before that but I would have been too young to remember), and it’s one of the few policy ideas that Republicans of all stripes can agree on, at least in theory. That said, no one has ever advanced a...
  • A Tax Reform Plan That May No Longer Work

    04/19/2017 6:12:53 AM PDT · by Kaslin · 46 replies
    Townhall.com ^ | April 19, 2017 | Terry Jeffrey
    My father, who was born in 1922 and lived his teens and early twenties during the unfortunate reign of Franklin Delano Roosevelt, whimsically embraced a tax reform plan that he sardonically explained to me once or twice during his hard-working life. The first step in this plan was to abolish the federal system of withholding taxes from a worker's paycheck -- a system enacted in 1943 by Roosevelt and a Democratic Congress. FDR wanted not only to limit the size of an individual's income, but also to seize a large share of it before the individual could lay his own...
  • Report: Taxpayers Potentially Paid Thousands of Union Officials

    04/19/2017 5:48:28 AM PDT · by kevcol · 6 replies
    Washington Free Beacon ^ | April 19, 2017 | Bill McMorris
    Taxpayers spent $162.5 million on federal employees performing union activities in 2014, according to the Office of Personnel Management's most recent data. The Competitive Enterprise Institute used official budget documents and Freedom of Information Act requests to validate how many federal employees worked under such conditions . . . The union workers included "nurses, therapists, pharmacists, a physician, and even a prosthetic limb specialist," according to Hice. "Rather than helping our heroes, these individuals spend all their time engaging in union activities such as collective bargaining, filing complaints or grievances, and even grassroots lobbying," Hice said. "This is unacceptable and...
  • Why Does It Cost $409 Billion To Figure Out What We Owe In Taxes?

    04/18/2017 3:44:24 AM PDT · by IBD editorial writer · 29 replies
    Investor's Business Daily ^ | 4/17/2017 | Staff
    Tax Reform: If President Trump wants to drain the swamp, the best place to start is with the tax code, which is so complicated that Americans spend billions of hours and hundreds of billions of dollars just trying to figure out how much they owe. The IRS instructions for filing out the 1040 form include a box near the back that estimates how much time it takes to fill that one form out. This year, it's 15 hours. That's a 67% increase from 1988. This year, the instruction booklet runs 241 pages. In 1988 it was fewer than 80. The...
  • Huffington Post Accidentally Destroys The Left's Entire 'Tax Fairness' Argument

    04/18/2017 3:49:49 AM PDT · by IBD editorial writer · 27 replies
    Investor's Business Daily ^ | 4/17/2017 | John Merline
    In an article headlined 'That GOP 'Middle Class' Tax Cut Might Be a Big Fat Trojan Horse For The Rich," a Huffington Post writer set out to attack Republican tax-cutting plans. There's nothing new about decrying tax cuts as giveaways to the rich. Democrats spent years trashing President Bush's tax cuts on those grounds, and the first chance President Obama had, he raised the top tax rates. But in making his case, Huffington Post senior White House correspondent S. V. Date inadvertently reveals a dirty secret about our current tax code. Namely, despite endless claims that the rich don't pay...
  • Road to fewer highway tolls in Maine is full of curves

    04/17/2017 12:58:19 PM PDT · by Tolerance Sucks Rocks · 11 replies
    The Portland Press Herald ^ | March 24, 2017 | Peter McGuire
    The idea of doing away with the Maine Turnpike Authority and eliminating tolls has a long and unsuccessful history through both Democratic and Republican administrations.Gov. Paul LePage revived the concept at a town hall meeting in Gorham on Wednesday night, saying he would like to see the turnpike authority merged with the Maine Department of Transportation and the elimination of almost all tollbooths, having one only in Kittery to collect tolls from out-of-state drivers. “The only toll we should have is for the visitors coming in and out of the state in the summer months,” LePage said, adding that Mainers...
  • (Colorado) House gives initial OK to Colorado roads funding bill

    04/17/2017 8:09:19 AM PDT · by Tolerance Sucks Rocks · 10 replies
    The Clay Center Dispatch ^ | March 30, 2017 | Associated Press
    DENVER (AP) — Colorado's legislative leaders knew they faced a hard sell when they unveiled a bipartisan measure to ask voters for a sales tax hike and a bond issue to generate billions of dollars for transportation. That hard sell was on full display before the Democrat-led House initially approved the bill on party lines Thursday. Even after that approval, Republicans kept trying to change the bill.
  • Did you know THERE WAS NO INCOME TAX till the Civil War?

    04/16/2017 3:06:15 PM PDT · by ReformedMedia · 36 replies
    The Washington Standard ^ | 04-15-2017 | William Federer
    On APRIL 15, 1865, President Lincoln died. He was shot the night before in Ford’s Theater. On APRIL 15, 1912, the Titanic sank. It struck an iceberg the night before. Among the 1,514 lives lost were millionaires John Jacob Astor IV, Benjamin Guggenheim and Isa Strauss, all of whom were vocal opponents of the Federal Reserve Act. In 1954, APRIL 15 became the deadline for filing Income Tax returns. Originally, Article I, Section 9 of the U.S. Constitution prohibited a direct Federal Income Tax on American citizens: “NO CAPITATION OR OTHER DIRECT TAX SHALL BE LAID, UNLESS IN PROPORTION TO...
  • The U.N. Has Absolutely No Idea How Economic Growth Works

    04/16/2017 2:33:58 PM PDT · by Twotone · 9 replies
    Foundation for Economic Education ^ | April 14, 2017 | Daniel J. Mitchell
    I've been at the United Nations this week for both the 14th Session of the Committee of Experts on International Cooperation in Tax Matters as well as the Special Meeting of ECOSOC on International Cooperation in Tax Matters. As you might suspect, it would be an understatement to say this puts me in the belly of the beast (for the second time!). Sort of a modern-day version of Daniel in the Lion’s Den. These meetings are comprised of tax collectors from various nations, along with U.N. officials who – like their tax-free counterparts at other international bureaucracies – don’t have...
  • Democrats bristle at Trump infrastructure plans

    04/16/2017 8:10:17 AM PDT · by Tolerance Sucks Rocks · 19 replies
    ABC 7 News ^ | April 6, 2017 | Joan Lowy (Associated Press)
    WASHINGTON (AP) - Democrats had hoped the one big policy area they could find common ground with President Donald Trump on was infrastructure, but they don't like what they're hearing from administration officials about the transportation portion of the plan that's still in the works. Trump has promised to generate $1 trillion in infrastructure spending over 10 years. With two of his other top campaign pledges in trouble - an effort to repeal and replace the Obama administration health care law has failed so far, and without savings to the government from health care changes there may not be enough...
  • POLL: Should President Trump release his tax records?

    04/16/2017 8:50:22 AM PDT · by Jeff Chandler · 87 replies
    Headline of the Day Poll Should President Trump release his tax records? Yes. The American people deserve to know what is in them. No. They are totally irrelevant.