While the President continues to call for a “balanced” approach to resolving the fiscal cliff, he conveniently fails to mention that he will put the burden of his “balanced” approach on the backs of America’s small business owners. According to the non-partisan Joint Committee on Taxation, nearly one million businesses and more than half of all small…
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There has long been bipartisan support for comprehensive tax reform that lowers rates and broadens the base. A new self-described “experiment” released by the Joint Committee on Taxation (JCT) reinforces the merits of this approach.
Unfortunately, some partisans are twisting JCT’s findings and conclude that meaningful tax reform is simply not…
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In July, Senator Patty Murray indicated that Democrats would be more than willing to drive the country over the “fiscal cliff” if Republicans refuse to raise taxes on job creators at the end of this year. Yesterday, the Tax Policy Center released a report that found that middle-income households would see an average tax increase of almost $2,000 if Democrats follow Senator…
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According to former Internal Revenue Service (IRS) Commissioner Fred Goldberg, and supported by the Obama Administration's own figures, ObamaCare "...in its current form will be a needless administrative and compliance quagmire for millions of Americans."
Based on IRS estimates approved by the Office of Information and Regulatory Affairs at the…
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In a recent Ways and Means Committee hearing, small business owners in the manufacturing sector testified on how the current tax code affects them and how comprehensive tax reform could affect their ability to expand and create jobs. Their testimony reflects the overwhelming support among job creators for a flatter, simpler tax code that provides the certainty…
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Despite warning
after warning about the consequences of doing so, President Obama and Congressional Democrats continue to call for raising taxes on America’s families, small businesses and job creators. To make matters worse, they seem more than willing to hold low- and middle-income households hostage in exchange for tax hikes on the “wealthy,” while threatening…
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As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire. This will result in higher taxes for every American who pays income taxes, as well as for…
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As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire. This will result in higher taxes for every American who pays income taxes, as well as for…
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New estimates by the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) confirm what America already knows – that the Democrats’ health law is a trillion-dollar tax hike that families and employers simply cannot afford. The recent Supreme Court ruling left in place 21 tax increases enacted as part of that law, a dozen of which – marked with an asterisk (*)…
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As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire. This will result in higher taxes for every American who pays income taxes, as well as for small businesses,…
Read more