The Republicans’ victorious tax bill lowers the corporate rate from 35 to 21 percent but is nothing approaching a flat tax because it retains, count ‘em, seven tax brackets. According to the New York Times it will cut taxes for about 75 percent of filers in 2018, but nobody should consider it a gift….
Read More »
In recent years the Internal Revenue Service has been targeting groups for extra scrutiny and abuse based on their political views favoring limited government, lower taxes and accountability. According to the President of the United States “there were some boneheaded decisions,” but “not even a smidgen of corruption” was involved. As we noted, IRS…
Read More »
As a showcase for speechmaking and stonewalling, the ongoing hearings on the IRS targeting campaign have generated more heat than light. Fortunately, a few moments of clarity emerged in a June 23 hearing by the House Oversight Committee. Rep. Thomas Massie, an MIT grad, explained the probability of Lois Lerner’s hard drive failing in…
Read More »
The U.S. tax code places a “significant, even unconscionable burden” on taxpayers and needs to be completely overhauled. That is the view of Nina E. Olson, national taxpayer advocate with the Internal Revenue Service, as she explained to Congress on January 9. The code is so complicated, that individuals and business have to spend…
Read More »
As this column shows, government waste, fraud and abuse is rampant at all levels. Seldom, however, has any politician attempted to give divine sanction to government greed in the style of California Governor Jerry Brown, who once wanted a California space program and recently signed off on a $68 billion railroad train. The former…
Read More »
Ryan Ellis from Americans for Tax Reform reports that President Obama’s proposed budget for fiscal year 2012 will create $1.5 trillion in new taxes over the next ten years. President Obama released his budget this morning. Rather than focusing on Washington’s over-spending problem, the budget calls for higher taxes on families and small businesses…
Read More »
 |
 |
 |