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Keyword: taxes

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  • Give Taxpayers the Income Tax Cut They Deserve

    02/22/2017 7:58:46 AM PST · by MichCapCon
    Michigan Capitol Confidential ^ | 2/21/2017 | James Hohman
    Some modest proposals to reduce the income tax have been introduced in the state Legislature. This triggered a backlash from pundits and politicians as they defend current spending levels by forecasting doom if the state dares to let Michigan families and small businesses keep more of their own money. But Michigan’s economy has been in growth mode for half a decade, putting more money in the state treasury year after year. Lawmakers can afford to give residents the income tax cut they deserve. In 2007, the state hiked the income tax from 3.9 percent to 4.35 percent to plug a...
  • CEOs praise House GOP border tax proposal

    02/21/2017 5:01:01 AM PST · by davikkm · 7 replies
    thehill ^ | NAOMI JAGODA
    A group of chief executive officers are praising House Republicans' proposed border-adjustment tax as the debate escalates. Border adjustability, which would subject imports to U.S. tax and exempt exports "is consistent with the tax policies of nearly every other country in the world, and it would effectively end the 'Made in America' tax that creates an unfair advantage for foreign-based companies at the expense of U.S. jobs and economic growth," the CEOs wrote in a letter to congressional leaders Tuesday. Sixteen business leaders signed the letter, including the CEOs of Boeing, GE, McIlhenny Company, Pfizer and S&P Global. The chief...
  • Proposed Bill Would Base University Hiring on Balance of Professors’ Political Ideology (Iowa)

    02/22/2017 1:18:51 AM PST · by kevcol · 10 replies
    WHOTV ^ | February 21, 2017 | Staff
    DES MOINES, Iowa -- Senate Democrats are speaking out after a bill was recently introduced that would drastically change how state professors are hired. Republican Senator Mark Chelgren of Ottumwa's proposed bill would freeze professor hiring at state universities until the faculty is balanced in terms of political ideology. This means, for example, a professor registered as a Democrat would not be hired unless the amount of Democrat and Republican faculty members at the school is within 10% of each other.
  • February 17, Week Three, Oregon State Government

    02/21/2017 9:06:25 AM PST · by thirst4truth · 5 replies
    Jeff Kruse Website ^ | 2-17-2017 | State Senator Jeff Kruse
    FEBRUARY 17, 2017 WEEK THREE We are starting to have a few bills working their way through the system, but at this point nothing of any major impact. There are, however, the beginnings of discussions in some subject areas that will have significant implications. Having said that, the real issues taking front stage are the budget and the projected deficit. From that perspective I took a look at the bills that have been assigned to the House Revenue committee to see how many tax increase measures were there. I counted 38, but I have since been told there are now...
  • Audit finds huge cost overruns at Wisconsin DOT, some road project costs triple

    02/19/2017 9:58:17 PM PST · by Tolerance Sucks Rocks · 17 replies
    FOX 6 Now ^ | January 26, 2017 | Theo Keith
    <p>MADISON -- A new audit shows huge cost overruns at the Wisconsin Department of Transportation, with dozens of projects costing double or triple their original estimates.</p> <p>The Legislative Audit Bureau report finds that estimated costs for 19 major projects completed between 2006 and 2016 were $1.5 billion, double the initial projection. The audit also finds that the estimated costs of 16 ongoing major highway projects have increased by $3.1 billion.</p>
  • FBI Randomly Releases Trump Real Estate Investigation Records From The 1970s

    02/15/2017 3:19:39 PM PST · by mandaladon · 83 replies
    The Daily Caller ^ | 15 Feb 2017 | Chuck Ross
    The FBI on Wednesday released nearly 400 pages of records from an investigation it conducted on Donald Trump’s family real estate company in the early 1970s. The documents consist of interview notes, handwritten statements and FBI reports compiled during the bureau’s investigation, which occurred between 1972 and 1974. The FBI’s investigation centered on allegations that the Trump Management Company, which was owned by Trump’s father, Fred, discriminated against applicants for apartment rentals based on their race. The federal lawsuit was widely reported during the presidential campaign with Democrats using the case to argue that Trump, an executive with the company...
  • Refusing to pay Federal taxes is Not Noble if you’re Doing It to Protest Someone’s Existence

    02/16/2017 5:26:30 AM PST · by davikkm · 13 replies
    IWB ^ | Mark Angelides
    And Ruth Benn, a coordinator of the National War Tax Resistance Coordinating Committee, who is also threatening to withhold taxes as a way of protesting Donald Trump. These are movements designed to disrupt government, which in some case can be a noble effort, but not this time. This time it is immature, short-sighted and ultimately self-serving.
  • We will not pay: the Americans withholding their taxes to fight Trump

    02/15/2017 9:01:43 AM PST · by Alissa · 89 replies
    The Guardian ^ | Feb 15, 2017 | Joanna Walters
    Andrew Newman always pays his taxes, even if he hates what the government is doing with them. But not this year. For him, Donald Trump is the dealbreaker. He’ll pay his city and state taxes but will refuse to pay federal income tax as a cry of civil disobedience against the president and his new administration. Newman is not alone. A nascent movement has been detected to revive the popularity of tax resistance – last seen en masse in America during the Vietnam war but which has been, sporadically, a tradition in the US and beyond going back many centuries.
  • Major Blow to Obamacare Mandate: IRS Won't Reject Tax Returns That Don't Answer Health Insurance Q.

    02/15/2017 7:37:02 AM PST · by GonzoII · 41 replies
    reason.com ^ | |Feb. 14, 2017 | Peter Suderman
    The tax agency has stopped requiring individual filers to indicate whether they maintained health coverage or paid the mandate penalty as required under the law How much difference does a single line on a tax form make? For Obamacare's individual mandate, the answer might be quite a lot. Following President Donald Trump's executive order instructing agencies to provide relief from the health law, the Internal Revenue Service appears to be taking a more lax approach to the coverage requirement. The health law's individual mandate requires everyone to either maintain qualifying health coverage or pay a tax penalty, known as a...
  • Trump and Congress can jumpstart improvements to interstate highways in Southern California

    02/15/2017 7:38:04 AM PST · by Tolerance Sucks Rocks · 27 replies
    The Orange County Register ^ | February 5, 2017 | Robert Poole
    President Trump has promised to eliminate regulations and rebuild the nation’s aging infrastructure. Federal agencies are awash with regulations and provisions based on the presumption that government is, and should be, the sole provider of infrastructure. But now that we understand the merits of public-private partnerships, which can provide more accountable public-purpose infrastructure, these numerous regulations and provisions serve as major obstacles preventing the improvement of highways and other infrastructure. Back in 1995, Reason Foundation published a policy study itemizing a number of these regulatory barriers. Sadly, most of them still exist today. If a state or municipal facility has...
  • Oregon Gov. Kate Brown And AG Ellen Rosenblum Blaze The Oregon Trail Of Political Patronage

    02/14/2017 7:30:20 AM PST · by Twotone · 3 replies
    Forbes ^ | Feb. 13, 2017 | Adam Andrzejewski
    As the state contemplates an income tax hike, Oregon's elites line their pockets with taxpayer money. In 2016, as politicians across America were fleeing voter wrath, Oregon’s governor and attorney general were blazing an unlikely trail – accepting hundreds of thousands of dollars in campaign donations from businesses with state contracts. Since 1940, at the federal level, individuals and entities negotiating or working under federal contracts are prohibited from giving political cash to candidates, parties or committees. In Oregon, however, this political patronage is perfectly legal, at least for now. Our analysis at American Transparency (OpenTheBooks.com) found 207 state contractors...
  • Taxpayer-Funded Study Asked if People Could Smell ‘Asparagus Pee’

    02/14/2017 6:28:37 AM PST · by kevcol · 59 replies
    Washington Free Beacon ^ | February 14, 2017 | Elizabeth Harrington
    A taxpayer-funded study set to find out if people can smell their own "asparagus pee." Researchers at Harvard on two active studies that received over $3 million last year surveyed nearly 7,000 people to determine if their urine smelled funny after eating the vegetable. The results were published in the BMJ scientific journal . . . The results concluded a "large proportion of individuals of European-American descent cannot smell ‘asparagus pee'—the unpleasant odor present in urine after people eat asparagus," according to the T.H. Chan School of Public Health.
  • Trump advisers’ tax credit plan for infrastructure has risks

    02/13/2017 10:01:44 PM PST · by Tolerance Sucks Rocks · 3 replies
    Business in Savannah ^ | February 7, 2017 | The Associated Press
    WASHINGTON — President Donald Trump has promised to revitalize America’s aging roads, bridges, railways and airports, but a plan put forward by his economic advisers relies on a transportation financing scheme that hasn’t been tried before and comes with significant risks. The plan was set out just before the election by billionaire leveraged buy-out specialist Wilbur Ross, Trump’s pick for commerce secretary, and conservative economics professor Peter Navarro, whom Trump has tapped to head his National Trade Council. They recommended the government allocate $137 billion in tax credits for private investors who underwrite infrastructure projects. Ross and Navarro estimate that...
  • In Setback For Government, Swiss Voters Reject Plan To End Low Taxes For Multinational Corporations

    02/12/2017 4:26:59 PM PST · by SeekAndFind · 4 replies
    Zero Hedge ^ | 02/12/2017
    In a setback for government efforts to abolish low tax rates for thousands of multinational firms while encouraging them to stay, the Swiss voted overwhelmingly against an overhaul the country's corporate tax system. Swiss broadcaster SRF said voters rejected the tax plans by about 60% to 40%. As Reuters notes, Switzerland has been in the European Union's firing line for years because Swiss cantons have a special tax status for foreign companies that means some pay virtually no tax other than an effective federal tax of 7.8%, an incentive to incorporate and stay on Swiss soil. In 2014, the...
  • 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...
  • The Time Has Come for 51

    02/11/2017 4:50:43 AM PST · by Kaslin · 94 replies
    American Thinker ^ | February 11, 2017 | John Steinreich
    After nearly three decades in L.A. County, Nestlé will soon move its headquarters from California to Virginia. This food services giant with an estimated $235 billion in assets worldwide will by the end of 2018 remove 1,200 jobs from a state that relies heavily on income taxes to fund its massive public sector. Nestlé's exodus follows other big employers, including Toyota, Campbell's Soup, Dunn-Edwards Paints, and eBay – which took with them tens of thousands of jobs – and mirrors the flight of mom-and-pop operations, entrepreneurs, families, and individuals who have ditched the once Golden State for places where the...
  • Beach vacations for the poor? California is going off the deep end

    02/10/2017 2:46:09 PM PST · by Beave Meister · 33 replies
    Red Alert Politics.com ^ | 2/8/2017 | Peter Van Voorhis
    This week, California lawmakers introduced a new bill that will use taxpayer dollars to help low-income residents go on beach vacations. This is not simply an abuse of tax money — it is a perfect representation of how far California has drifted away politically from the rest of America. The legislation, introduced by Democrat Lorena Gonzalez-Fletcher, would direct state agencies to develop new, low-cost beach rentals and to improve existing ones at taxpayer expense. While so many across America voted for lower taxes and less regulation, Californians chose a different path of higher taxes and more regulation. The politicians they...
  • The Trump Tax Cut: How Much, How Soon, How Certain, What's Likely and What's Up for Debate

    02/09/2017 3:59:27 PM PST · by SeekAndFind · 4 replies
    OZY ^ | 02/09/2017 | Grove Norquist
    The author is the founder and president of Americans for Tax Reform. During the 2016 Republican primaries, then-candidate Trump unveiled an outline for a huge tax cut. It was a grab bag of popular measures: Kill the Death Tax, repeal the Alternative Minimum Tax (AMT) and cut individual tax rates. All these have been Republican talking points for the last 20 years. The centerpiece of Trump’s plan? To push the boundaries of a growing consensus that America’s 35 percent corporate income tax rate is too high. (The European average is about 25 percent.) The tax plan being constructed by the...
  • Groups want Trump to close loophole allowing illegal immigrants to abuse tax credits

    02/09/2017 2:51:42 PM PST · by SkyPilot · 31 replies
    Fox News ^ | 9 Feb 17 | Melissa Jacobs
    Illegal immigrants need only one number to access billions of dollars in free taxpayer cash. The Individual Tax Identification Number (ITIN) unlocks an exclusive gateway for non-citizens to receive monies meant for working, low-income Americans. The nine-digit code was created by bureaucrats in 1996 for foreigners who had to deal with the IRS. It allows people without a Social Security number, including those in the country illegally, to file taxes. “It’s just a farce to say it was created to collect taxes,” Robert Rector, senior research fellow at the Heritage Foundation, told Fox News. “It’s nothing but a welfare program...