In Democratic-majority states across the nation, state legislators are flailing blindly to find a way around the reduced federal tax deduction for state and local taxes.
The push for entitlement reform is a longstanding Republican goal based on keeping promises to taxpayers, not a result of the much-needed tax cuts.
Some of the first substantial results of the 2017 tax overhaul have arrived, and this state is seeing green.
Liberals mocked new tax cuts for ‘only’ allowing middle-class Americans to keep an average of $1,000 more of their money a year. Excuse me. We can do a lot with that money.
Hours after Congress passed a massive tax overhaul bill, several large companies announced they would give employees bonuses and raise wages.
The Tax Cuts and Jobs Act cuts rates for most tax brackets, substantially reduces business taxes, increases the standard deduction, and eliminates many tax loopholes and deductions.
The rhetoric says the credit is beautifully pro-life and, in taking it away, Congress is practically consigning children to lives in orphanages or being snuffed out in abortion. But is that accurate?
Republicans produced bills that would entrench current law: financially rewarding foreign aliens who come to the United States illegally and have children to help them remain here.
While a certain amount of taxation is necessary, we shouldn’t kid ourselves about its true nature. It’s a form of coerced taking.
Every single Democrat senator owes Hillsdale an apology for the blatant lies spread about the college during Senate debate over tax reform.
Four Republican senators have blocked Obamacare repeal. These same senators’ low-income constituents are among those most hurt by Obamacare’s individual mandate tax.
Speaker Paul Ryan promised the House bill would mean ‘bigger paychecks’ for American workers, but some payments are coming straight from another taxpayer’s pocket.
To bring home a win, the White House and Congress need tax reform. To pass tax reform, they need to ensure middle-class families will meaningfully benefit.
Just like their House colleagues, it seems GOP senators are incapable of putting out a clean and principled bill. Every good idea they present is usually followed by a couple of bad ones.
The focus on the loss of a useful benefit obscures what would be the larger question in a more sweeping tax reform: what does any of this have to do with income taxation?
The assumption that business and workers can only benefit in a tax overhaul at the expense of one another belies real-world experience.
A new poll from West Virginia shows that voter dissatisfaction with the current federal tax code could cost Joe Manchin his Senate seat.
President Trump’s framework will improve life for everyone: It directly benefits the middle-class, encourages economic activity, and reduces the time citizens will spend paying taxes.
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