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Keyword: taxreform

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  • Some Democrats See Tax Reform as a Path to Taxing Carbon

    08/17/2017 9:36:37 AM PDT · by Oldeconomybuyer · 13 replies
    New York Times ^ | August 17, 2017 | By LISA FRIEDMAN
    With a sweeping overhaul of the tax code on the horizon, two Senate Democrats believe this is the moment to broach the third rail of climate change policy: a carbon tax. The plan by the senators, Sheldon Whitehouse of Rhode Island and Brian Schatz of Hawaii, to level a $49 per metric ton fee on greenhouse gas emissions is widely acknowledged as a long shot. But the lawmakers, along with climate activists and a cadre of conservative supporters, insist the tax reform is a way to create bipartisan support. The senators propose to use a portion of the estimated $2.1...
  • Who Put This Rabbit Hole Here?

    08/10/2017 5:21:22 AM PDT · by NOBO2012 · 7 replies
    MOTUS A.D. ^ | 9-10-2017 | MOTUS
    “I’m late, I’m late!” Today is Rabbit Hole Wednesday on Thursday, because I didn’t get it done yesterday. Today we examine the RQ Hypothesis: "Our new President, of course, has not been in this line of work before," said McConnell. "I think he had excessive expectations about how quickly things happen in the democratic process." Adapt, Mitchy, adapt. “Now, here, you see, it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!” Or you won’t be in this line...
  • Stock Market Hits Record High — Fueled by Apple and Tax Reform Expectations

    08/02/2017 11:24:50 AM PDT · by Kaslin · 5 replies
    Rush ^ | August 2, 2017 | Rush Limbaugh
    RUSH: The Dow Jones Industrial Average right now 21,992. It was at one point today 22,000, all-time record. And of course that number brought forth all of the negativists who are now claiming, including Greenspan, “It’s gotta burst. It can’t go on. It’s a bubble and it’s gonna blow up and we’re all gonna die. And we’re all gonna be poor, and we’re all gonna lose everything. It’s horrible.” Now, two things about this: 22,000 stock market. Who is that? Who’s getting rich? Answer, hint, clue: It ain’t the people that voted for Trump. Trump’s out there taking credit for...
  • Steve Bannon Pushing For 44 Percent Marginal Tax Rate On The Very Rich

    07/26/2017 5:10:06 PM PDT · by sunrise_sunset · 96 replies
    The Intercept/Drudge ^ | 7/26/2017 | Ryan Grim
    Top White House adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.
  • If Congress Is Serious About Getting Rid Of IRS, It Must Pass Big-Bang Tax Reform

    07/26/2017 10:13:40 AM PDT · by SeekAndFind · 18 replies
    IBD ^ | 07/26/2017
    Many of the ideas that emerge from Washington are stale, unimaginative and unworkable. Not so the latest pitch from a group of conservative congressional Republicans: Eliminate the IRS. This goes beyond some kind of political revenge fantasy. It's time to consider the damage that the IRS does both to Americans' freedoms as individuals and to the costs it imposes on the economy as a whole, argue the 151 members of the Republican Study Group, an in-house conservative think tank, in their newest budget proposal. The proposal, an alternative to the House Budget Committee's official 2018 budget, comes as part of...
  • Forget Paris: Tax reform is the most important issue of 2017

    06/02/2017 10:23:30 AM PDT · by Kaslin · 12 replies
    Fox News. com ^ | June 2, 2017 | Grover Norquist
    The establishment press is easily distracted. Their goal is to sell papers or TV advertising. Conspiracy theories about Russians are more fun for the talking heads than deep dives into tax reform and health care reform. By Election Day 2018 the American people will want to know the answer to the question, "are you better off than you were two years ago?" Do you have a job? Do your family members have opportunities and increasing wages? Or not. The success of the Trump presidency will hinge on the passage of pro-growth tax reform that addresses the American competitiveness problem, boosts...
  • #covfefe - The Power of Trump Fu

    05/31/2017 5:50:34 PM PDT · by Dajjal · 61 replies
    Nationalist Pundit ^ | May 31, 2017 | Andrew Zarowny
    Every morning I wake up before 5am Eastern and switch on the TV to watch the early version of ″Fox & Friends″. Aside from enjoying my breakfast with the lovely Heather Childress, I learn what the ′Big News′ item is for the day ahead. The big topic this morning was a Midnight tweet on Twitter by President Donald Trump. The story is that he allegedly misspelled the word ′coverage′ when he wrote ′covfefe′ instead in a tweet about the negative press. As a Shaolin Master Abbott of the Temple of Trump Fu, I saw the true purpose of the...
  • Steve Bannon’s whiteboard

    05/03/2017 11:59:43 AM PDT · by Sean_Anthony · 21 replies
    Canada Free Press ^ | 05/03/17 | Matthew Vadum
    Pledges on Immigration, Pledges on Tax Reform, Pledges on Obamacare The contents of chief White House strategist Steve Bannon’s whiteboard have been published online. During a visit to the White House, conservative broadcaster Rabbi Shmuley Boteach posed for photographs with Bannon and in the background of those pictures many of the policy priorities on the whiteboard can be observed, the Telegraph (UK) reports.
  • Of Baseball Bats and Tax Reform

    05/02/2017 6:42:38 AM PDT · by Kaslin ^ | May 2, 2017 | Bill Murchison
    The coming fight over tax reform highlights distinct and seemingly irreconcilable views of government. We might want to reflect on them, as the major players ready the armament: brass knuckles, baseball bats, Fox News and New York Times commentaries. The two warring views: 1. Government knows more than you do. 2. On many topics, you know more than government does. There might be, between these viewpoints, certain points of mutual engagement, such as the point that government is entitled to enforce a uniform standard of justice, and the point that federal regulation of hamburger thicknesses would create problems without number....
  • Calling all patriots: The Trump tax plan needs your help

    05/01/2017 12:46:12 PM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 05/01/17 | Herman Cain
    This is not going to get done without you. Last week the Trump Administration announced its tax reform proposal. It’s impressive and a major departure from the tax code mess we have today. I believe it’s bold and will work to boost the economy without exploding the national debt. Remember, I have been studying tax reform proposals for decades. I served on the Kemp Commission for Economic Growth and Tax Reform in the early 1990s. I’m very familiar with, and supportive of, the Flat Tax, the Fair Tax and of course my own 9-9-9 plan.

    04/27/2017 8:36:22 AM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 04/27/17 | Matthew Vadum
    Will the Left hold it hostage? The Trump administration unveiled an ambitious overhaul of federal tax laws yesterday that it is touting as the “largest tax cut for individuals and businesses in U.S. history. Republicans on Capitol Hill seem cautiously optimistic about the plan even though it was immediately attacked by the hateful class-warfare-mongering Left.
  • Mr. President: Do not release your tax returns. Ever. Here's why:

    04/25/2017 8:59:18 AM PDT · by Sean_Anthony · 28 replies
    Canada Free Press ^ | 04/25/17 | Dan Calabrese
    Line in the sand The latest Democrat threat is that they will somehow stop all tax reform until President Trump releases his tax returns. This follows constant media carping during the election demanding that very same thing, only to have the demand rejected by Trump and, by extension, by the electorate. But wait, you say! Polls consistently show the public wants Trump to release his returns. Sure they do, and it’s a classic example of what’s called push polling. When a pollster asks a person if he thinks something would be a good idea, that doesn’t necessarily mean the person...
  • Trump: Coming tax reform will be bigger 'than any tax cut ever'

    04/24/2017 10:20:41 AM PDT · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 04/24/17 | Dan Calabrese
    Yuuuuuge Most of the media coverage, like this from CNBC, follows the current dopey trend of obsessing over how quickly the proposal will be done. Wednesday? Thursday? The following week? Maybe this is all about the spine-tingling drama of whether it will happen within Trump’s first 100 days, since all of America waits with bated breath for the answer to that question. Er, yeah . . . But when it happens is not the point at all. It’s what the plan consists of, and while Trump isn’t dropping many details, he’s certainly not being shy about establishing expectations:
  • End the Income Tax

    04/24/2017 4:46:06 AM PDT · by Kaslin · 72 replies ^ | April 24, 2017 | Katie Kieffer
    Tell President Trump to ask Congress to end the federal income tax so that you and I can reach our full potential for wealth.This weekend, President Trump tweeted that a: “Big TAX REFORM AND TAX REDUCTION will be announced [on] Wednesday.” This is great news. However, as we go through the process of improving the tax code, we must encourage our politicians to do two things:1.) Eliminate the unconstitutional federal income tax.2.) Reduce hidden taxes that politicians eternally use to offset tax “cuts”—namely increases in federal spending.America turns 241 years old in July. We’re still a “baby” nation in contrast...
  • Trump "Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday."

    04/23/2017 4:44:39 PM PDT · by SMGFan · 9 replies
    Donald J. Trump twitter ^ | April 22, 2017 | President Donald Trump
    Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday.
  • What Will the Fate of Tax Reform be in Today’s America?

    04/19/2017 2:34:48 PM PDT · by davikkm · 6 replies
    IWB ^ | Gabrielle Seunagal
    Following Republicans’ abysmal failure to repeal and replace Obamacare, the GOP announced that their next order of business would focus on tax reform. House Ways and Means Committee Chairman Kevin Brady declared that he would schedule a hearing in which the House will review a drafted tax reform blueprint. On April 27, a formal meeting will be held in order to discuss the border adjustment tax, also known as the BAT. Weeks ago, Republicans decided to “move on” from healthcare reform, but they sadly fail to comprehend that employing the same strategies to tax reform as they did with healthcare...
  • The Democrats' Desperate Ploy To Block Tax Reform

    04/19/2017 3:00:50 AM PDT · by IBD editorial writer · 24 replies
    Investor's Business Daily ^ | 4/18/2017 | Staff
    Taxes: Democrats say they won't work with President Trump on tax reform unless he first releases his tax returns. This has to be the lamest excuse for not fixing the tax code we've ever heard. Senate Minority Leader Chuck Schumer said this week that "if he doesn't release his returns, it is going to make it much more difficult to get tax reform done." Democrats say that seeing Trump's tax returns is critical to tax reform, because otherwise how would anyone know if changes to the tax code will benefit Trump. As Schumer put it, "releasing his own full tax...
  • 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...
  • 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...
  • Here Comes The Tax Reform Challenge…

    04/15/2017 5:10:21 PM PDT · by HarleyLady27 · 10 replies
    The Conservative Treehouse ^ | April 15, 2017 | Sundance
    The issue we historically held with Mick ‘Cantalopes’ Mulvaney, was his direct association with Speaker Ryan when it comes to tax/budget plans. Thankfully, so far, Mulvaney has outperformed expectations and our fears have not been seen in Trump policy. We are cautiously optimistic. House Speaker Paul Ryan is all-in with his “Border Adjustment Tax”, it is part of his larger ‘Better Way’ tax agenda. Apparently, according to The Hill, Mulvaney is not in alignment with Ryan. Good. The bottom line is Ryan’s plan is Tom Donohue’s plan. Ryan’s “Better Way” is the construct of the U.S. Chamber of Commerce.