Free Republic

FIRST ON THE DAILY SIGNAL — Rep. Bob Good introduced the Life Act on Thursday, legislation that outlaws abortions of unborn babies “to the fullest extent at the federal level” by prohibiting federal dollars from being used for abortions. The Virginia Republican’s bill, which builds on a consensus from House Republicans to provide stronger enforcement mechanisms for pro-life laws, bans federally regulated health care programs from using funds to pay for abortions and federally regulated health plans from covering abortions. The bill protects mothers whose lives are in danger but does not make exceptions for rape or incest and would...

Republican Sen. Ted Cruz of Texas is not waiting until after the presidential election to launch a bid to put one of former President Donald Trump’s ideas into effect. Cruz has introduced the No Tax on Tips Act that would keep the Internal Revenue Service from taking a slice of the income service workers gain through tips, according to a news release on Cruz’s website. During a recent rally in Las Vegas, Trump indicated he opposes taxes on tips, according to The Hill. “For those hotel workers and people that get tips, you’re going to be very happy. Because when...

A political action committee supporting former President Donald Trump is giving out free stickers for supporters to stick on restaurant receipts to tell workers about Trump’s promise to get rid of taxes on tips. The super PAC, Make America Great Again Inc., announced the sticker initiative on Tuesday, telling supporters on a new website to “join the no tip tax campaign today” and “get your stickers free.” “Trump won’t tax your tips!” the stickers read. “Vote Trump.”

Capital gains changes have Canadians rushing to get ‘affairs in order’ Canadians are scrambling to get their “affairs in order” as controversial changes to how capital gains are taxed are set to go into effect on Tuesday, accountants say. The changes, which have received pushback from business groups and doctors, will increase the inclusion rate for taxable capital gains from 50 to 67 per cent for individuals realizing more than $250,000 in capital gains annually. Even though the proposal was first introduced in Budget 2024 in April, more details on the changes only became clear on June 10 when the...

The Planned Parenthood abortion business has revealed a $40 million commitment for the 2024 election cycle, intending to bolster its lucrative abortion business and endorse President Joe Biden along with prominent congressional Democrats. This announcement follows the U.S. Supreme Court’s reversal of Roe v. Wade two years ago, which ended the made-up “right” to abortion. Planned Parenthood’s initiative seeks to support candidates nationwide who advocate for abortion rights. The heavy election investment comes after the abortion giant got hundreds of millions of tax dollars. Planned Parenthood made use of $699 million in United States taxpayer funds to perform over 390,000...

Democrats want a massive tax hike on everybody — including you, dear reader — if they can't get an even more massive tax hike on "the rich" and "corporations" when Donald Trump's 2017 tax cuts expire next year. Advertisement “The main goal here is this can’t just be a debate about the 2017 tax cuts,” Sen. Mark Warner (D-Va.) said, completely unshy about the threat. He told Bloomberg last week, "This is going to be Tax Armageddon." Prepare for the end of the world. Federal income tax revenues jumped nearly $100 billion in the first year after Trump's signature tax...

The Supreme Court ruled Thursday that a part of President Trump's 2017 'Tax Cuts and Jobs Act' that levied a tax on capital appreciation is constitutional. Justice Brett Kavanaugh wrote the majority opinion. Justices Clarence Thomas and Neil Gorsuch dissented. The court ruled 7-2 that the mandatory repatriation tax, or MRT, is constitutional under the taxation regimes defined in Article I and the 16th Amendment. In short, the MRT imposed a one-time requirement for US citizens and companies to repatriate money held overseas.In 2005, Charles and Kathleen Moore invested $40,000 in an Indian business named KisanKraft, which marketed power tools...

President Trump has focused his 2024 campaign on a number of issues that one would expect, but he shook up the game this summer by issuing a new policy proposal: “No Tax On Tips.”While his campaign hasn’t released the usual detailed policy papers on it yet, the president made it clear what he means: “restaurant workers, hospitality workers, and anybody else who gets tips.”The Left responded immediately with what they see as the downside: by reducing federal taxes on tips, federal revenues would drop by a huge amount of money, or at least, by an amount of money that sounds...

California is beyond saving ... California Supreme Court .. block an anti-tax initiative from appearing on the ballot. This initiative, known as the Taxpayer Protection and Government Accountability Act, was backed by the business community and sought to make it more difficult to increase taxes in California. Among other things, it would have required the legislature to obtain voter approval for any new or increased state taxes. There's nothing groundbreaking about it, as voters in other states have used the ballot box to approve or deny tax initiatives before. But Gavin Newsom and the Democrat-controlled legislature were having none of...

A business-sponsored initiative that would have required voter approval for any increase in state or local taxes or fees must be removed from the November ballot because it is so far-reaching that it would be a “revision” of the state Constitution, the California Supreme Court ruled unanimously Thursday. “The measure would fundamentally restructure the most basic of governmental powers,” the power of state and local lawmakers to raise taxes to fund the government, Justice Goodwin Liu wrote in the 7-0 ruling. The court granted a request by Gov. Gavin Newsom and Democratic legislators to remove the measure from the ballot....

Donald Trump rocked Washington last week with his proposal to fund the federal government solely from tariffs. Until roughly a century ago, tariffs composed the vast majority of national revenue, but today income and business taxes make up the lion’s share. Can Uncle Sam go back? Taxing imports to pay Washington’s bills has a certain political appeal. Domestic taxes, often progressive in nature, are unpopular. Better to tax foreigners if we can. The problem with this thinking, however, is that non-Americans largely don’t pay for tariffs in the end; U.S. households and businesses do, in the form of higher prices...

The U.S. Supreme Court on Thursday ruled against a couple who challenged the constitutionality of a Trump-era tax provision, handing the government a victory in a case that had huge potential consequences for the federal budget. At issue was a tax enacted in 2017 to pay for President Trump’s massive corporate tax cut and to prevent off-shore tax dodges. It was challenged by Charles And Kathleen Moore, who were required to pay a one-time $15,000 tax on an investment in India that grew in value from $40,000 to over a half million dollars. Backed by conservative anti-regulatory groups, the couple...

LONDON — A record number of millionaires is expected to leave the United Kingdom this year, according to new research, with this year’s general election expected to further exacerbate the exodus. The Henley Private Wealth Migration Report indicates that Britain will experience a net loss of 9,500 high-net-worth individuals in 2024 — more than double last year’s figure of 4,200 (which in itself was a record-high figure). The U.K. came second to only China in Henley’s ranking, with the eastern Asian giant expected to see net outflows of 15,200 millionaires in 2024. The projections mark a stark turnaround for Britain,...

Oregon voters will likely decide in November whether to establish a historic universal basic income program that would give every state resident roughly $750 annually from increased corporate taxes.The proposal, Initiative Petition 17, would establish a 3% tax on corporations’ sales in Oregon above $25 million and distribute that money equally among Oregonians of all ages. As of Friday, its backers had turned in more than 135,000 signatures, which is higher than the 117,173 required to land on the ballot.

When you pay taxes, remember that the bottom 20% of income earners do almost no work, do not pay taxes, and receive government aid. The next lowest 20% pay minimal taxes but also receive government support.

The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says. The proposed rule and guidance announced Monday includes plans to essentially stop “partnership basis shifting” — a process by which a business or person can move assets among a series of related parties to avoid paying taxes. Biden administration officials said after evaluating the practice that there are no economic grounds for these transactions, with Deputy Treasury Secretary Wally Adeyemo calling it “really just a shell game.” The officials said...

In an effort to solve the problem of ingesting drugs when an addict's veins are too messed up to inject them, the city of Portland, Maine is now offering free "boofing" kits. Each kit includes a syringe without a needle to squirt the drug directly up the rectum. Users are advised that "compared to smoking or sniffing your drugs, boofing may hit harder or faster." Maine Access Points, a taxpayer-funded nonprofit based in Bangor, offers a free instructional video titled "All About Boofing" narrated by Kristin and Jessie. Users are advised to "insert the syringe thumb knuckle deep before you...

Hunter Biden’s conviction on felony gun charges increases the likelihood he could face stiffer penalties at his September tax-evasion trial should he be found guilty, an expert told The Post. One of Biden’s current mitigating factors for when he is sentenced by Judge Maryellen Noreika on the gun charges is the fact that he has no criminal history — something that won’t be true during his next trial in California overseen by Judge Mark C. Scarsi. Both jurists were appointed to the federal bench by former President Donald Trump. “It can undermine him in two ways. First, he cannot count...

Former President Donald Trump is putting American workers first— unlike the incumbent leader in the White House now. Trump discussed the proposal of eliminating taxes on servers' tips in his pitch for a new policy position that could inch him closer to victory in November. The former president introduced the idea during a rally in Nevada over the weekend where many Americans work at hotels, restaurants, and in the entertainment business and rely on tips to make ends meet. “This is the first time I've said this and for those hotel workers and people that get tips, you're going to...

Texas AG Ken Paxton and Montana AG Austin Knudsen have filed a joint lawsuit against the Biden administration over its rule to fund transgender procedures with taxpayer dollars under Medicaid and Medicare.