When President Obama delivers his State of the Union address tonight, Americans will likely be asking themselves two questions:  "Where are the jobs?" and “Haven’t I heard this before?”  Instead of working with Republicans in the House and Senate to get Washington’s runaway spending under control and the more than 13 million unemployed Americans back to work, the President is… Read more

Democrats are proposing to pay for a one-year extension of the payroll tax cut by increasing the top tax rate by 1.9 percent.  This means that as soon as 13 months from now the top federal rate could reach nearly 46 percent.  No matter how much money someone makes, the government should not be able to take nearly half of what they earn – especially not on top of all the other… Read more

This morning, the Ways and Means Subcommittee on Select Revenue Measures is holding a hearing with tax professionals in an ongoing effort to gather comments and analysis of the Committee's territorial tax reform discussion draft.  The Ways and Means draft is a part of the Committee’s broader effort on comprehensive tax reform that would lower top tax rates for both individuals and… Read more

This morning, the Ways and Means Subcommittee on Select Revenue Measures held a hearing with tax professionals in an ongoing effort to gather comments and analysis of the Committee's international tax reform discussion draft.  The draft is designed to transition the United States from a worldwide to a territorial system of taxation and eliminate the double taxation U.S.-based… Read more

Following months of calling for higher taxes on American employers, which are already subject to some of the highest tax rates in the industrialized world, Democrats on the House Ways and Means Committee this week selectively used elements of a report from the Joint Committee on Taxation (JCT) in an attempt to suggest it would not be possible to reduce the corporate tax rate to 25… Read more

Following the release of an international tax reform discussion draft by Ways and Means Committee Chairman Dave Camp, the effort to make American companies more competitive in the global economy and help create U.S. jobs is picking up steam.  The Ways and Means draft would set the corporate rate at 25 percent, bringing it in line with the average of the OECD, and eliminate the double… Read more

In the past few days, Democrats have repeatedly cited a recent report from the Congressional Budget Office (CBO) regarding trends in household income to support their never-ending quest for more deficit spending.  The crux of the Democrats’ argument is their belief that the rich are getting richer and the poor are getting poorer, which they claim supports their call for more taxes on… Read more

Chairman Dave Camp unveiled an international tax reform discussion draft Wednesday as part of the Committee’s broader effort on comprehensive tax reform that would lower top tax rates for both individuals and employers to 25 percent.   The plan would also transition the United States from a worldwide system of taxation to a territorial system.  Many business groups, tax reform… Read more

Today, the New York Times editorial page repeated the President’s bogus claim that the current U.S. tax system has “millionaires and billionaires pay[ing] lower tax rates than middle-class families.”  This blatant falsehood is behind the President’s newly proposed “Buffett Rule.”  However, as the table below shows, every bit of tax data proves the New York Times and President… Read more

This morning, a Washington Post article suggested that Democrats ought to use the upcoming Joint Select Committee on Deficit Reduction as a way to raise taxes.  It’s an interesting approach to write about, but Americans - and even a few Democrats - have rejected raising taxes as a way to reduce our debt and deficits.       … Read more