Free Republic

Tax could potentially affect 156,000 Americans who could see premiums rise even furtherAn Obamacare tax that will be imposed in 2018 will raise premiums even further and is estimated to cost $270 billion over the next decade, according to a report commissioned by UnitedHealth Group. The report was commissioned to examine how a tax imposed by Obamacare would impact premiums. Under Obamacare, health insurers that offer coverage are required to pay a fee on health insurance premiums they earn, which is also considered a tax by the IRS. Congress imposed a moratorium on collecting these taxes in 2017, but that...

•Corporate America is willing to invest money on a longer-term basis under President Trump, real estate mogul Sam Zell says. •Zell points to deregulation and promises of tax cuts and massive infrastructure spending as major positives for business. •Continued improvement in underlying economic growth continues to "surprise," he says. Corporate America is willing to invest money on a longer-term basis under President Donald Trump than the previous "anti-business administration" of Barack Obama, real estate mogul Sam Zell told CNBC on Tuesday. "Bluntly, the only way I can square anything is I focus on what gets done, not what's said," the...

We’re more than two weeks from Halloween, yet the mainstream media is already itching to give the American people a mighty good fright, spinning President Trump’s desperately needed tax reform framework as rash, ill-conceived and even dangerous. At the same time, the president has been barnstorming across the rust belt and his tax reform plan has been met with enthusiastic approval by energized audiences. This show that our country’s elites still – nearly on year after the election – don’t have a darn clue what matters to real, hardworking Americans.

Authored by John Mauldin via MauldinEconomics.com,The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.Now, that’s possible; I'm inclined to haircut it a bit.If you asked me to bet the “over/under” on the debt in 2027, I would bet the over at $35 trillion.After the next recession the deficit will be $30 trillion within 4–5 years and then grow from there at a rate of anywhere from $1.5...

These GOP members who are contemplating raising taxes are playing with fire. Failure to act in a way that pleases the base will ensure they are the ones who get burned Make no mistake about it: if Congress, particularly the United States Senate, fails to send a tax bill to the president’s desk, it will imperil the congressional majority, do lasting damage to the Republican Party, and potentially threaten the American economy. The clock is ticking.

1940 Republican Party Film The Truth About Taxes The Truth About Taxes is a 1940 campaign film for presidential candidate Wendell Willkie which argues that President Roosevelt’s New Deal policies waste money and weaken the nation. The film was produced by the Republican Party.

President Trump needs the support of Republican senators to pass key legislative items in the coming months. Upcoming measures include bills to raise the debt ceiling to avert default, fund the government to avoid a shutdown, and overhaul the American tax system. However, the out and out feud he has with Mitch McConnell may prove to be the undoing of his tax reform which the American people need and want. Speaker Paul Ryan (R-Wis.) is urging conservatives to bring it on. “I say: Let’s have this debate. Let’s tackle these baseless arguments head on,” Ryan said in prepared remarks for...

MIDDLETOWN, Pa. (AP) — President Donald Trump pitched his tax plan as a boost for truckers at an event Wednesday in Pennsylvania, saying, "America first means putting American truckers first." Trump appeared before about a thousand cheering people at an airplane hangar dramatically draped with American flags. Two big rigs were in the background. "It will be rocket fuel for our economy," Trump said of a plan that would dramatically cut corporate tax rates from 35 percent to 20 percent, reduce the number of personal income tax brackets and boost the standard deduction.....

There is probably no better illustration of the scam President Trump’s tax plan would perpetrate on working- and middle-class people than its provision repealing the estate tax. Getting rid of it would benefit a tiny slice of high earners and their families — including Trump’s family, who could save as much as $1 billion once Trump moves on to delivering an accounting for his life to his maker. Yet Trump has absurdly sold estate-tax repeal as a huge boon to “millions” of small businesses and even to “the American farmer.”

Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase. Lowest unemployment in 16 years and if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds.  Make America Great Again. It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts.  The Democrats want MASSIVE tax increases & soft, crime producing borders.The Republicans want the biggest tax cut in history & the WALL! It is about time that Roger...

US President Donald Trump has called for the National Football League (NFL) to be stripped of tax advantages. In a tweet he complained the league had received "massive" tax breaks, while some of its players had been "disrespecting" the national anthem. The teams pay tax, but have often received public support to build stadiums. The NFL league office, which oversees rules, referees and the college draft, gave up its tax-exempt status in 2015. "Why is the NFL getting massive tax breaks while at the same time disrespecting our Anthem, Flag and Country? Change tax law!"

A housing benefit that saves clergy $800 million a year in taxes has been deemed unconstitutional by a federal judge. Under the law, housing allowances paid as part of clergy salary can be subtracted from their taxable income. Religious freedom advocates fear the ruling could force many churches in poor areas to close.MADISON, Wisconsin - A federal judge in Wisconsin has struck down as unconstitutional a law that gives clergy tax-free housing allowances, in a ruling that could have far-reaching ramifications for religious leaders, who could be facing new taxes which will threaten their ministry. Under the federal law passed...

Senate Majority Leader Mitch McConnell (R-Ky.) is offering support to Sen. Bob Corker (R-Tenn.) amid a war of words between the latter and President Trump. "Sen. Corker is a valuable member of the Senate Republican caucus and he’s also on the Budget committee and a particularly important player as we move to the floor on the budget next week and he’s an important part of our team,” McConnell said Monday in Kentucky, according to the Associated Press. Asked about whether he agreed with Corker's criticism of Trump, McConnell sidestepped, adding: "[Corker is] an important part of our team and he's...

President Donald Trump on Tuesday called for changes to U.S. tax law affecting the National Football League, fueling a feud with the league and its players over protests that he says disrespect the nation.

Vice President Pence’s travel to and from the Indianapolis Colts game he walked out of Sunday is estimated to have cost taxpayers more than $200,000, CNN reported Monday. Pence flew from Las Vegas to the game in Indianapolis Sunday, before flying to California later Sunday afternoon. According to the report, the aircraft Pence used to travel, the C-32, costs about $30,000 an hour to operate. His flight to Indianapolis took about 3 hours and 20 minutes, and his flight to Los Angeles was about 4 hours and 45 minutes. That adds up to a price tag of about $242,500, according...

Commentary: Welcome to the dysfunction of Illinois government Diana Sroka Rickert I walked into the Thompson Center on my first day, not knowing what to expect. In many ways, my new workplace was like any other large organization: big building, thousands of people and plenty of broken computers. Except this building is dilapidated, many of the employees are political hires and the computers will never be repaired, ever. And it’s all paid for by you, Illinois taxpayers. “Welcome to state government,” said a new colleague, as we boarded the elevator for the 16th floor. This summer I got to see...

Despite a hack of its database that exposed the personal information of 145 million of its customers, the Internal Revenue Service (IRS) granted a no-bid $7.5 million contract to Equifax. Under the terms of the contract the company will handle the personal information of millions of taxpayers. Sen. Charles Grassley (R-Iowa) called the contract "bad on so many levels. What kind of fool trusts a firm that has just experienced a huge data breach to handle more of the same kind of data? On top of this, the 'no-bid' process evades procurement guidelines calling for competitive bids from multiple firms....

A popular Facebook and Twitter game asks friends to post an unpopular opinion. Here is an unpopular fact: Tax reformers cannot deeply cut income taxes for lower-income families, because they already pay no collective income tax. Tax reform is intended to bring simplification and economic growth. Yet many commentators seem interested in only redistribution. This explains the teeth-gnashing over the Tax Policy Center estimate that the Republican tax blueprint would save the median family $420, but a family in the top income quintile $10,610. While that sounds unfair, consider this: The top-earning 20 percent of households currently pay 88 percent...

As a billionaire, I would profit substantially from the tax cuts proposed last week...

According to a court judgement in North Rhine-Westphalia published on Monday, bread rolls and coffee aren’t considered a complete breakfast and therefore not subject to taxation. The ruling, which was made by a tax court in the city of Münster, stated that breakfast does not consist of just bread rolls and hot drinks, it is also accompanied by cold cuts, cheese or spreads, German media reported. Due to the lack of spreads and other types of toppings to accompany the bread rolls, the company in question was not serving a complete breakfast, the tax court found. After a software company...