American businesses need a tax code that provides the certainty and stability required by entrepreneurs and job creators to keep the economy strong.
The struggling stock market reveals a major flaw in Democrats’ tax plan that could become law if Joe Biden wins the presidency: Mark to Market taxation of capital gains.
Far from a naked handout to rich guys, the minor change under the stimulus package reduces taxes on business owners with the aim of making it easier to retain workers on payroll during this crisis.
New Census Bureau data shows millennials are increasingly trading in urban life for the suburbs and even switching states entirely.
Plenty of evidence has shown there are more effective ways to help the poor climb up the economic ladder, including cutting taxes, widening school choice, and eliminating ruinous regulations.
While this may come as a shock to Warren and the media, philanthropy filtered through her plans isn’t philanthropy at all — it’s a political power grab.
Sen. Elizabeth Warren’s plan itself says if taxing ‘the rich’ and corporations shrinks the economy then she will have a multi-trillion-dollar hole in her estimates.
The most recent CBO data shows that the wealthiest 1 percent pay an average effective rate of 33.3 percent in federal taxes, while the bottom 20 percent pay just 1.7 percent.
Why would the state have been so enthusiastic to exempt menstrual products while keeping the same rate for all other hygiene products, except as a political stunt?
Warren’s wealth tax includes the flaw of many of the left’s grand plans in that it presumes no negative consequences will follow — but of course they will.
Warren, a Harvard law professor, understands the difference between direct taxes and indirect taxes, but she’s counting on the people not to pay attention.
Democrats insist richer people need to pay more taxes. When that becomes slightly more true because of a Republican initiative, they hide income.
An individual who adjusts his withholding and saves the difference every month will earn a chunk of money compared to someone who waits for the refund.
Democratic lawmakers and members of the media did their best to perpetuate the myth that poorer and middle-class Americans would suffer from the 2017 tax reform bill.
Congress should require that, within six months of Tax Day, the Internal Revenue Service must issue to all taxpayers a rundown of how much they paid, and what programs it went to fund.
We live in a great country with a great heritage, and I don’t grudge resources that make it great. But that’s not what Tax Day is all about.
Not one more dime in funding should be sent to Puerto Rico until it gets its political house in order, either of its own accord or by the Trump administration forcing systematic change.
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