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Keyword: excisetax

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  • Gas Tax Hike Touted for Transportation Woes

    03/29/2014 12:53:47 PM PDT · by JeepersFreepers · 19 replies
    WOAI News Radio San Antonio ^ | March 21, 2014 | Jim Forsyth
    The Texas Legislature’s point man [Drew Darby] on transportation funding says Texas motorists need to understand that a higher gas tax would be a more 'open and transparent' way of dealing head on with the state's transportation crisis than the 'congestion tax' that motorists are currently paying every day. "I think we need to revert to pay as your go," State Rep. Drew Darby (R-San Angelo) told the San Antonio Mobility Coalition."Nine times members of the Legislature have raised the gasoline tax to pay for our transportation infrastructure, but that hasn't happened since 1991. Lawmakers over the past several years...
  • Time to scrap the mortgage interest deduction: Simplify the Tax Code and Lower Tax Rates for All

    03/28/2014 7:03:46 AM PDT · by SeekAndFind · 129 replies
    Washington Examiner ^ | 03/27/2014 | Philip Klein
    In the coming weeks, Americans will spend an average of 13 hours and $210 to prepare their federal taxes. Beyond the compliance burden the federal tax code imposes, it also distorts economic activity and discriminates against some taxpayers in favor of others. But one of its most egregiously unfair provisions is also among its most popular - the mortgage interest deduction. In theory, the mortgage interest deduction is supposed to encourage home ownership, a questionable goal for government to begin with. The purpose of taxes is to raise money to finance government services, not to manipulate human behavior or economic...
  • The Poor Get Caught in Tobacco's Grip as They Stuggle With Hunger

    10/20/2013 5:43:53 AM PDT · by Sam's Army · 192 replies
    The Lakeland Ledger via The Philadelphia Inquirer ^ | Saturday, October 19, 2013 | ALFRED LUBRANO
    Many people smoke after they've eaten. Lindell Harvey smokes because he hasn't. "You smoke out of anxiety because you don't have the food you need," said Harvey, 54, who lives alone in Crum Lynne, Pa. He receives disability checks from the Navy that keep him $2,000 below the poverty line. Harvey relies on his Newports to see him through his hard days. "In my mind, the smoking becomes a comfort as I try to create ways to get food."
  • The New Excise Tax Frontier: Hollywood

    11/26/2012 8:31:24 PM PST · by EricaD · 21 replies
    Jefferson's Rebels ^ | 11/26/12 | Erica
    To conservatives like me, the following proposal for raising taxes on Hollywood celebrities goes against my DNA. However, two facts are indisputable: (1) Hollywood is perhaps Obama's biggest booster club, giving him donations in kind and in dollars, and (2) Congress' stated goal is to raise taxes on the wealthy, although they will actually raise them on everyone. Therefore, with a bit of irony in mind, I propose the following for debate. After listening to Democrats argue that the wealthy aren’t paying their fair share of taxes, it’s time for Americans to take an empirical view of the massive wealth...
  • Tax buried in Obama health-care plan will kill 43,000 jobs...

    09/08/2011 10:21:09 AM PDT · by george76 · 9 replies
    The Daily Caller ^ | September 08, 2011
    The president’s health care overhaul includes a 2.3 percent excise tax on medical devices that will send the durable medical equipment industry into intensive care, eliminate 43,000 jobs, and whack $3.5 billion from local shops and communities, according to a new study by two free market economists. The 30-page report, released on Wednesday by the Advanced Medical Technology Association, a trade group, also concludes that the tax on medical equipment may prompt the closure of high-tech research facilities in several states. That trade group released its report predicting massive job losses ... The new tax is expected to generate $20...
  • Another rank dealUnions to escape 'Cadillac tax'

    01/15/2010 2:57:17 AM PST · by Scanian · 6 replies · 527+ views
    NY Post ^ | January 15, 2010 | Rich Lowry
    What happens when the irresistible force of the Democratic urge to tax runs up against the immovable object of Democratic loyalty to the labor unions? Another ugly deal in a health-care bill that already was a grotesquerie of payoffs to favored politicians and interests. The levy in question is a 40 percent excise tax on high-end employer-provided insurance plans that -- typically -- has been sold as a tax on "the rich." It's called the "Cadillac tax," a name redolent of corporate executives cackling in their Escalades over their cushy benefits. The unions, which make it a point to negotiate...
  • Clyburn: 'Cadillac tax' would violate Obama's pledge

    10/29/2009 7:30:56 AM PDT · by markomalley · 9 replies · 523+ views
    The Hill ^ | 10/29/2009 | Eric Zimmerman
    An excise tax on high-priced insurance policies might violate President Obama's pledge to not raise taxes on the middle class, House Democratic Whip James Clyburn (D-S.C.) said last night. "I do not want to see anything jeopardize the president's promise not to raise taxes on the middle-class," Clyburn told MSNBC last night. "And that could very well get us there." The House healthcare bill to be unveiled today will not include such a tax, but the Senate bill does. Under the Senate bill, an excise tax on so-called "Cadillac" insurance policies would help pay for subsidies and expanded coverage. President...
  • New Pa. excise taxes might be on way

    12/13/2008 12:41:43 PM PST · by stevecmd · 15 replies · 477+ views
    The York Daily Record ^ | 12/13/08 | RICHARD FELLINGER
    Lawmakers will be in a bind next year to balance the state's books, and tobacco buyers and natural gas producers may be asked to pay up. While Gov. Ed Rendell has said he's against hiking income or sales taxes next year, he has mentioned new taxes on smokeless tobacco, cigars and natural gas production. Smokeless tobacco and cigars are now subject to the state's 6-percent sales tax, but unlike cigarettes, are not subject to an extra excise tax. For cigarettes, the state adds a per-pack excise tax of $1.35, and Rendell has longed backed an excise tax for smokeless tobacco...
  • Good Money After Bad

    07/28/2008 11:25:41 AM PDT · by bs9021 · 4 replies · 164+ views
    Campus Report ^ | July 28, 2008 | Bethany Stotts
    Good Money After Bad by: Bethany Stotts, July 28, 2008 When gas prices are at record highs and American families are feeling the economic pinch, Congress may just decide to boost gas prices even higher. Their reason will be to save jobs. As the Washington Post reported on July 20, “Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.” The discussion arose out of a presentation by Congressmen James Oberstar (D-Minn.) and Peter DeFazio (D-Ore.), who calculate that states will lose millions...
  • Senate Candidate David Carr Calls on Frankfort to Repeal the Automatic Hike in Gas Taxes

    05/04/2004 11:32:19 AM PDT · by MountainPatriot · 1 replies · 125+ views
    GOPUSA.com ^ | 5/4/2004 | David Carr for State Senate
    *MEDIA RELEASE* DAVID CARR FOR STATE SENATE SOMERSET, KY - Local broadcaster, small businessman and Senate candidate David Carr called on Frankfort today to take all steps necessary to repeal or suspend the automatic gas tax to be paid by Kentucky's drivers. With gas prices approaching nearly $2.00 per gallon, David Carr said now is not the time for a new hike in gas taxes. A law passed by the General Assembly in the 1980's triggers automatic tax increases when gas prices rise above $1.11 per gallon in a selected month. Its purpose is to force consumers to curb their...
  • Distilled justice

    10/27/2003 11:15:39 AM PST · by Willie Green · 13 replies · 161+ views
    The Pittsburgh Tribune-Review ^ | Monday, October 27, 2003 | editorial
    <p>Whiskey means the "water of life." With that in mind, one should discuss the subject of distilled spirits deferentially.</p> <p>With a special license granted, the great names -- including Jack Daniels, Maker's Mark, Jim Beam and Wild Turkey -- gathered at George Washington's Mt. Vernon farm on the Potomac. Their mission: to cook a batch the old-fashioned way, according to Washington's rye recipe, and donate the proceeds to Mt. Vernon's educational programs. Sweet.</p>