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Keyword: taxes

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  • The GOP’s “Abolish the IRS” Crackpots

    11/29/2015 12:40:23 PM PST · by NaturalBornConservative · 50 replies
    Natural Born Conservative ^ | November 28, 2015 | Larry Walker II
    "In this world nothing can be said to be certain, except death and taxes." ~ Benjamin Franklin ::Separating the Wheat from the Chaff:: By: Larry Walker, II ::Each 2016 GOP presidential candidate has proposed to reform the tax code. While seven have offered legitimate proposals, five have advanced theories, which are basically maniacal. Those proposing to abolish, or end, the Internal Revenue Service (IRS) may be classified as crackpots, because, let's face it, that's never ever going to happen. With taxes of such fundamental concern, it's difficult to take anything else these kooks say seriously. Unless such candidates are willing...
  • Trump's Dynamic Tax Policy

    11/29/2015 12:29:45 PM PST · by NaturalBornConservative · 9 replies
    Natural Born Conservative ^ | November 27, 2015 | Larry Walker II
    Lower Rates Across The Board:: By: Larry Walker, II ::Here's an excerpt from Donald Trump's Tax Plan which may be found on his official website www.donaldjtrump.com : TAX REFORM THAT WILL MAKE AMERICA GREAT AGAINThe Goals of Donald J. Trump's Tax PlanToo few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. Simplify...
  • Art Laffer: Rand Paul and Ted Cruz Have Best Tax Plans

    11/27/2015 7:22:23 PM PST · by gwgn02 · 13 replies
    Legal Insurrection ^ | 11/27/2015 | FuzzyZippers
    Art Laffer, famed member of President Reagan’s Economic Policy Advisory Board, has co-authored, with Stephen Moore, an article for Investor’s Business Daily in which they assert that Rand Paul and Ted Cruz have the “best” tax proposals.
  • Why do you never see gasoline taxes itemized on your receipt? The answer will shock you

    11/27/2015 8:00:49 AM PST · by SeekAndFind · 45 replies
    American Thinker ^ | 11/27/2015 | Michael Bargo Jr.
    In April 2014, I suddenly realized that when you buy gasoline, the receipt does not list all the different taxes you have to pay.  So I emailed the Illinois Policy Institute (https://www.illinoispolicy.org) and asked them to make up a facsimile of a gas receipt.  Here's what they came up with, and they featured it in a story on their website.  Turns out a gallon of gas in Chicago has eight taxes on it.  In Park Ridge adds two cents more.  (I think today they are higher.)  I went to a neighborhood gas station – the owner was a nice...
  • How Bernie's 90% Income Tax will kill Blue Governments! (AMT hurts!) [Vanity]

    11/27/2015 4:33:47 AM PST · by SES1066 · 6 replies
    11/27/15 | Self
    As I sit here doing my 2016 tax training (I am an Enrolled Agent), I am wondering how many Blue State / Blue City politicians have really realized how much of a disaster SOCIALIST Sen. Bernie Sanders would be if he were to be elected and pass his proposal for increasing the Federal Income Tax rates? This post is an effort to answer his campaign point of "Why can't we return to the Eisenhower tax rates?"
  • Should your turkey be taxed for climate change? (SeeBS News says YES!)

    11/24/2015 11:23:39 PM PST · by Zakeet · 33 replies
    CBS News ^ | November 24, 2015 | Aimee Picchi
    As Americans prepare for their Thanksgiving Day feasts, there's an issue on the horizon that could make that turkey more expensive: taxing meat to reduce climate change. Livestock is a major contributor to greenhouse gas emissions, adding about the same amount of emissions as that of all the world's vehicles, according to a new report from the U.K. policy institute Chatham House. But many consumers aren't aware of the link between their dinner plates and climate change, the report notes. At the same time, meat consumption is forecast to increase by 76 percent over the next several decades, thanks to...
  • Money Rolling in from State License Plate Tax

    11/24/2015 7:03:12 AM PST · by MichCapCon · 5 replies
    Michigan Capitol Confidential ^ | 11/22/2015 | Tom Gantert
    The amount of vehicle registration (license plate) tax the state collects from Michigan motorists each year is up 24 percent since 1990, even after factoring in inflation. Revenue from the Motor Vehicle Registration tax rose from $420.2 million in 1990 to $943.5 million in 2014, according to the Senate Fiscal Agency. If expressed in 2014 dollars, the $420.2 million collected in 1990 would be equivalent to $761.1 million today. The amount actually collected last year represents a 24 percent increase in that figure. This revenue stream will grow another 20 percent starting Jan. 1, 2017, thanks to a tax increase...
  • From Inversions To Perversions: Gov’t Reacts To The Pfizer Deal

    11/24/2015 4:36:57 AM PST · by expat_panama · 19 replies
    Investors Business Daily ^ | 11/230/2015 | Editorial
    Tax Policy: The Pfizer-Allergan deal that will let the U.S. drug giant cut costs by renouncing its citizenship cries out for reform of an outmoded business tax system. Instead, our crackerjack regulators are pouncing into action. The Treasury Department has announced it will create new legal restrictions on the ability of U.S. companies to merge with foreign firms in a tax-saving process called "inversion." In this case, $48-billion-in sales Pfizer, now headquartered in New York City, will merge with $15-billion-in sales Allergan and move certain operations and jobs to Ireland. But the administration wants to build a de facto regulatory...
  • Art Laffer: The Rand Paul And Ted Cruz Flat Tax Plans Are Best Tax Proposals

    11/23/2015 6:49:54 AM PST · by SeekAndFind · 10 replies
    IBD ^ | 11/23/2015 | Arthur Laffer and Stephen Moore
    As we've cheerfully noted on these pages, the good news on the presidential campaign trail is that almost all Republicans are now for serious pro-growth tax reform and simplification. Every candidate wants lower rates (some a one-rate flat tax), fewer loopholes and carve-outs, and a reduced role for an abusive IRS. What a contrast with Bernie Sanders, who declared at last week's Democratic debate that he could live with a 90% tax rate on the rich. Why not take it all, Bernie? All the GOP tax plans look good to us — though some are admittedly better than others. The...
  • Thanks to Obama and de Blasio, Al Sharpton gives himself $170K raise

    11/23/2015 6:34:24 AM PST · by Kaslin · 11 replies
    Hot Air.com ^ | November 23, 2015 | JAZZ SHAW
    Thanksgiving week is typically a time for people to reflect on the blessings they have known and to be grateful for all of the bounty we receive in our lives, so we should kick off Monday morning with just such a story. One person who apparently has a lot to be grateful for is Al Sharpton. The nationally renowned race agitator arranged for some particularly rich blessings last year in the form of a 71% pay raise, made possible largely through the renewed, high profile image he obtained via multiple public appearances with President Barack Obama and New York City...
  • Overdue taxes? You could lose your U.S. passport [Why are Americans allowing this to happen?]

    11/21/2015 11:25:19 AM PST · by SeekAndFind · 38 replies
    CNN Money ^ | 11/21/2015
    When you owe the IRS tens of thousands of dollars in past-due taxes, you can expect to owe big penalties and interest. And soon you could even lose your U.S. passport. Lawmakers are in the final stages of negotiation over a bill to provide funding for U.S. highways and transit programs. One provision in it would let the federal government revoke, deny or limit a U.S. citizen's passport if the person owes more than $50,000 in "seriously delinquent tax debt," including penalties and interest. It would only apply to those people whom the IRS has filed a lien or levy...
  • Americans: Pay your taxes- or lose your passport

    11/21/2015 8:23:09 AM PST · by freedomjusticeruleoflaw · 15 replies
    Wall Street Journal ^ | 11/21/15 | Laura Saunders
    If this bill becomes law, it will be imperative for Americans traveling abroad or living abroad to pay attention to IRS notices—assuming they receive them,” said Mr. Kautter.
  • Treasury's new tax inversion guidelines a quick fix to big problem

    11/21/2015 7:09:39 AM PST · by Toddsterpatriot · 10 replies
    U.S. News and World Report ^ | November 20, 2015 | Andrew Soergel
    The Treasury Department has unveiled new regulations aimed at reeling in tax-dodging U.S. corporations trying to take advantage of friendly international tax codes. Snip "U.S. companies are currently taking advantage of an environment that allows them to move their tax residence overseas in order to avoid paying taxes in the United States without making significant changes in the nature of their overall business operations," Treasury Secretary Jacob Lew told reporters Thursday as he announced his department's new corporate inversion guidelines. Snip Those on the right generally want to avoid sweeping tax increases for American corporations, while proposals brought forward by...
  • Proposed law to stop terror suspects from buying guns in U.S. faces NRA, GOP opposition

    11/18/2015 7:07:10 AM PST · by Zakeet · 37 replies
    NY Daily News ^ | November 18, 2015 | Cameron Joseph and Larry Mcshane
    The NRA -- and their gun-loving Republican cohorts -- are refusing once more to stop terrorists intent on getting armed in the U.S.A. A legal loophole allows suspected terrorists on the government's no-fly list to legally buy guns, but a bill to fix that will likely wither on the vine. The federal Denying Firearms and Explosives to Dangerous Terrorists Act, even in the wake of last week’s terrorist killing of 129 people in Paris, remains a long shot due to its rabid pro-gun opponents. "Anything which they feel restricts the use or the ability to retain a gun they’re opposed...

    11/18/2015 10:47:00 PM PST · by richardb72 · 8 replies
    Crime Prevention Research Center ^ | November 18, 2015 | Ari Armstrong
    In August, Kleck told Mother Jones that he doesn’t know of any “credible criminologist” who believes that “with more guns there are less crimes.” More recently Kleck was interviewed by Ari Armstrong about these points and Kleck’s claims that there hasn’t been any increase in the rate that people are carrying permitted concealed handguns and that neither more guns nor more concealed handguns reduce homicides or any other type of violent crime. Here is the beginning of Ari’s interview with Lott: Recently I interviewed criminologist Gary Kleck about gun ownership and crime. In the course of that interview, Kleck expressed...
  • Momentum For A Tax Overhaul Is Growing Day By Day

    11/18/2015 3:52:22 AM PST · by expat_panama · 19 replies
    Investors Business Daily ^ | 11/17/2015 | LEW UHLER AND PETER FERRARA
    Our tax-cutting cup runneth over. Not since adoption of the Federal Personal Income Tax (16th Amendment) over 100 years ago has so much attention been given to the adverse effects of high-rate income taxes on economic growth, personal wealth creation, and wage and job levels. Thank you, national Republican debates and presidential hopefuls. Also weighing in are investment business leaders like Carl Icahn regarding the disastrous effects of U.S. tax laws on American businesses. U.S. corporations are fleeing the highest corporate tax rate among industrialized nations (about 40%, including state corporation taxes) through inversions — buying a controlling interest in...
  • Minnesota couple plead guilty to huge tax scam (Involving illegals)

    11/17/2015 8:27:22 PM PST · by 11th_VA · 6 replies
    StarTribune ^ | November 17, 2015 - 6:55 PM | By DAN BROWNING , STAR TRIBUNE
    A Shakopee couple pleaded guilty to federal charges Monday in what authorities characterized as a wide-ranging, multimillion-dollar income tax refund scheme that preyed on immigrants in Minnesota and Florida. Mark Arlin Hammerschmidt pleaded guilty to conspiracy charges and has agreed to cooperate with authorities investigating the scam. He faces up to nine years in prison. He also agreed to pay more than $1.8 million in restitution to victims.... ark Hammerschmidt obtained official identification papers for the Guatemalan victims and used them to obtain taxpayer identification numbers, then filed multiple years’ worth of fake tax returns in their names supported with...
  • Charles Koch: We’re creating welfare for the wealthy

    11/17/2015 12:17:49 PM PST · by Hojczyk · 2 replies
    Yahoo Finance ^ | November 17,2015 | Deirdre Hughes
    Charles Koch, the billionaire CEO of Koch Industries, says welfare is making people’s lives worse, but he’s not talking about welfare for low-income parents or the elderly. He’s aiming at a much bigger target. He’s talking about welfare for some of the most valuable companies in the world in the form of government handouts such as tax breaks and subsidies. Before you go on a rant about how Koch’s own company—the second largest private company in the United States behind Cargill—benefits from the very same corporate benefits, he readily acknowledges that fact. In his new book, Good Profit: How Creating...
  • Ted Cruz's Simple Flat Tax Isn't All That Simple

    11/17/2015 7:13:17 AM PST · by SeekAndFind · 34 replies
    American Thinker ^ | 11/17/2015 | Christopher Chantrill
    Ted Cruz has unveiled his Simple Flat Tax plan that includes a single low, low personal income tax with a single rate of 10%. He also wants to eliminate the federal corporate income tax and the employee payroll tax, and replace them with a 16% Business Flat Tax. But according to Larry Kudlow and the Tax Foundation, he is really talking about a value added tax, a VAT. Here is what the Tax Foundation says about the Cruz plan. It’s actually pretty simple: there’s profits that go to shareholders, and there’s wages, salaries, and other compensation to workers. Both...
  • Taxes And Fees On Wireless Phone Plans Surge To 18%

    11/17/2015 4:58:32 AM PST · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 11/16/2015 | John Merline
    The cost of mobile phone service has been steadily declining over the past decade, as cellphone companies fiercely compete for business. But customers aren't seeing it in their phone bills, thanks to revenue-hungry federal, state and local governments.
  • Is The Oil Industry Really Subsidized?

    11/13/2015 9:15:26 AM PST · by bananaman22 · 7 replies
    Oilprice.com ^ | 13-11-2015 | pond
    sub•si•dy: (s?b′s?-d?) n. pl. sub•si•dies 1. Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest. 2. Financial assistance given by one person or government to another. The oil and gas industry is suffering through a severe and prolonged slump due to collapsed oil prices resulting in the loss of hundreds of thousands of jobs worldwide and the destruction of billions, if not trillions, of dollars in shareholder value. Governments in oil-producing jurisdictions, including Alberta, find themselves in severe financial difficulty because cash flow generated by first...
  • Neil Cavuto Repeatedly Confronts Student Pushing Free College Plan With Harsh Facts (Brutal)

    11/12/2015 6:48:44 PM PST · by Beave Meister · 73 replies
    The Blaze ^ | 11/12/2015 | Tré Goins-Phillips
    Keely Mullen, an organizer for the Million Student March movement, joined Fox Business Network anchor Neil Cavuto on the air Thursday to discuss the movement’s demands for free public college, student debt cancelation and a $15-an-hour minimum wage for student workers. In the awkward 9-minute interview, Cavuto repeatedly cited facts and figures that seemed to fluster the student. When asked who would pick up the tab for the demands she listed, Mullen said, “The 1 percent of people who are hoarding the wealth and causing a catastrophe students are facing.” “If the 1 percent just had their taxes raised a...
  • H.L. Menckin and Tax Reform

    11/12/2015 11:50:38 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | November 12, 2015 | Hank Adler
    "There is always a well-known solution to every human problem--neat, plausible, and wrong." This comes from H.L. Menckin. "There is always a politician trying to convince you that tax reform is easy, you should be able to do your taxes on a postcard and we should be able to abolish the IRS." This quote comes from me and I suggest this is proof that H.L. Menckin was right. Tuesday's economic debate on Fox provided various tax proposals including a flat tax, elimination of the estate tax, the postcard tax return and the abolishment of the IRS. Let's tend to these...
  • What Ted Cruz's Flat Tax Plan Would Mean for Your Wallet (VIDEO)

    11/12/2015 8:34:47 AM PST · by conservativejoy · 20 replies
    Hannity.com ^ | 11/12/2015
    At Tuesday's debate, Ohio Governor John Kasich was seemingly singling out Senator Ted Cruz when he said that the tax plans of his some of his competitors were unrealistic. On Wednesday's Hannity, Cruz rejected Kasich's claim. Cruz's tax plan calls for a simple 10% flat tax on individual income and replaces the corporate income tax and all payroll taxes with a 16 percent 'Business Transfer Tax'. In addition, his plan would simplify the current tax code. 'What it would produce is incredible economic growth,' Cruz explained to Sean. According to the non-partisan Tax Foundation, Cruz's plan would: *Cut taxes by...
  • Our Perverted Tax Code Actually Encourages Poor Not To Work [MUST READ!!!]

    11/12/2015 3:01:57 AM PST · by expat_panama · 62 replies
    Investors Business Daily ^ | 11/11/2015 | Editorial
    Taxes: Candidates in Tuesday night's Republican debate found near-universal agreement on one thing: The U.S. tax code is an impediment to growth and needs to be radically simplified. A new report shows why this is so. The nonpartisan Tax Foundation has put out a new report titled "Income Tax Illustrated ." OK, cue the jokes. But it isn't boring. Really. In stark, numerical terms, it shows just how bad our tax code has gotten — and how it not only violates the idea of equal treatment under the law, but undercuts the very idea of work for some. Americans might...
  • I’m still waiting to hear Carly Fiorina's three page tax plan

    11/11/2015 9:05:19 AM PST · by JOHN W K · 22 replies
    11-11-2015 | johnwk
    Both the Republican Party Leadership and the Democrat Party Leadership have one thing in common when it comes to tax reform. They both want to keep alive the socialist and failed experiment of allowing Congress to lay and collect taxes calculated from profits, gains, salaries, wages, tips, and other lawfully earned incomes. Of course, I'm sure a thinking person such as Carly Fiorina knows that our Congress critters love this particular tax because it not only allows our Washington Establishment to engage in all sorts of nefarious and corruptible schemes to fatten the fortunes of friends and donors, but also...
  • Flat-Tax Plans: All Are Good, None Are Perfect

    11/11/2015 5:23:17 AM PST · by Cincinatus' Wife · 19 replies
    The National Review ^ | November 11, 2015 | Stephen Moore
    Any flat tax is a great improvement over our current system, so conservatives shouldn’t quibble over details. Here's a no-good-deed-goes unpunished story. Rand Paul has proposed a $2 trillion tax cut over years - arguably the biggest tax reduction in American history. He wants to shave tax rates down to 14.5 percent, the lowest rate since the income tax was introduced a century ago. Ted Cruz has proposed a tax cut nearly as large; his rate is 16 percent. This compares with tax rates that are as high as 42 percent under the current tax code. Both plans would eliminate...
  • Republicans All Agree We Need Tax Reform, But Senator Ted Cruz’s Plan Holds The Most Promise

    11/10/2015 9:48:14 AM PST · by Isara · 27 replies
    Daily Caller ^ | 11/10/2015 | Gayle Trotter
    If nothing is certain in life except death and taxes, perhaps it's time to euthanize our tax system.The current tax system is massively complex and unfair. It discourages entrepreneurship and stunts economic growth. And yet the leading Democratic presidential candidates offer a consistent theme of more taxes.You can't get away from these tired ideas from the left. the New York Times recently claimed that the United States must raise federal tax rates to prevent climate change. But when it comes to U.S. tax policy, we need political climate change.The United States has a $19 trillion national debt and $100 trillion...
  • Republican Candidates Push Bold Tax Plans

    11/10/2015 9:54:59 AM PST · by DoodleDawg · 8 replies
    Wall Street Journal. ^ | 11/10/15 | Richard Rubim
    Republican presidential candidates are competing to propose dramatic changes to tax policy that go well beyond the party’s previous platforms and all but ensure the issue will play a central role in the general election. Driven by a desire to stand out in a crowded field and spark economic growth, the GOP contenders no longer just say they want to lower rates and expand the tax base. Their new ideas, once the province of right-leaning think tanks, make previous Republican plans look timid. Nearly all the GOP candidates—who will meet again Tuesday evening in a debate hosted by Fox Business...
  • Candidate Seeks to Regain Senate Seat with Promise of Higher Taxes [semi-satire]

    11/10/2015 8:43:57 AM PST · by John Semmens · 1 replies
    Semi-News/Semi-Satire ^ | 8 Nov 2015 | John Semmens
    Convinced that Americans are grossly under taxed, former Wisconsin Senator Russ Feingold is on a crusade to regain the seat he lost to current Republican Senator Ron Johnson in 2010. "The evidence is overwhelming," Feingold asserted. "Americans are suffering from a surfeit of income that they are squandering on purchases that are detrimental to their well-being. They are over-eating and over-drinking. They are living in single-family homes when they should be living in high-density apartments. They are driving cars when they should be riding public transit. The list of obnoxious and self-indulgent expenditures is lengthy and nauseating." Feingold touted his...
  • Ted Cruz Presents Ambitious Tax Plan: A 10% Flat Tax for Everybody

    11/09/2015 4:38:54 AM PST · by Michael van der Galien · 60 replies
    PJ Media ^ | 11-09-2015 | Michael van der Galien
    [VIDEO] Texas Senator and Republican presidential candidate Ted Cruz has presented his own tax plan for America. While the tax plans of the other candidates are quite impressive, Cruz’s is by far the most ambitious and pro-growth of them all. Last weekend, Cruz was given the opportunity to explain what his tax plan encompasses. The most important part of the plan is a 10% flat tax. In contrast to a so-called fair tax, a flat tax means that everybody pays the same percentage to the federal government. In his case, that’s 10% — 4.5% less than Rand Paul’s plan. Cruz’s...
  • Obama Leads But No One Follows In Climate Change Fight

    11/08/2015 6:20:09 AM PST · by george76 · 48 replies
    Energy: The resident wants to decarbonize the planet by killing fossil-fuel production and its high-paying jobs. Almost no other nation is following his lead despite the promises that will be made at the Paris climate summit. Last week we learned in a Reuters report that Asia will build 500 coal-burning electric generation plants this year alone. An additional 1,000 are planned in China, India, Japan, Indonesia and other countries. The latest projections are that 40% of the added power generation in Southeast Asia by 2040 will be coal-fired. Does this sound like a continent that's taking the alarm bells of...
  • Candidates 'interviewed' again in third debate, and Cruz wins out

    11/08/2015 9:33:56 AM PST · by 2ndDivisionVet
    The Augusta Chronicle ^ | November 8, 2015 | Larry Salomone, Guest Columnist
    <p>The third Republican primary debate Oct. 28 was seen by 14 million viewers. For the 13.7 million viewers who watched the World Series, you missed a pushback masterpiece by Sen. Ted Cruz against the moderators.</p> <p>The independent Tax Foundation found that the Cruz plan would create 4.9 million jobs, increase wages by 12 percent and grow the economy by 14 percent....</p>
  • Ted Cruz Lying In Wait For His Next Moment (DEPORT ILLEGALS!?!)

    11/07/2015 12:32:06 PM PST · by VinL · 107 replies
    NPR ^ | 11/7/15 | Wade Goodman
    To walk into Ted Cruz's holding room at the National Religious Liberties Conference in Des Moines, Iowa, on Friday afternoon was to walk into quite the group of happy campers. With a friendly motion and a quick smile, the Republican Senator from Texas, looking relaxed in short sleeves, his foot up on the coffee table, waves you over to the chair beside him. It's just the tiniest bit unnerving, the notion flashes across your mind, "He knows I'm with NPR, right?" Yes, everyone knows who you are, and in spite of Cruz's brilliantly recalled denunciations of the liberal media during...
  • What would another Russ Feingold U.S. Senate term look like? Taxing

    11/06/2015 8:40:46 AM PST · by afraidfortherepublic · 7 replies
    Wisconsiin Watchdog ^ | 11-6-15 | M. D. Kittle
    MADISON, Wisconsin — Oftentimes the best way to know where you’re heading is by looking back to see where you’ve been. The same holds for politicians. A review of Russ Feingold’s voting record shows a politician who built his U.S. Senate career on raising taxes and growing government. Based on his campaign to return to the seat he lost to Republican U.S. Sen. Ron Johnson in 2010, it’s clear that ultra-liberal Russ Feingold hasn’t had an epiphany-driven conversion on slowing growth of government. During his tenure, from 1993 to 2011, Feingold voted to raise taxes nearly 290 times, costing American...
  • Democrat senator: Father and adopted son should be allowed to ‘marry’

    11/06/2015 5:27:22 AM PST · by wagglebee · 55 replies
    LifeSiteNews ^ | 11/5/15 | Father Mark Hodges
    FOX CHAPEL, Pennsylvania, November 5, 2015 (LifeSiteNews) – Three years ago, Nino Esposito adopted his adult gay lover, Roland Bosee, Jr., as his legal son in order to save money on future inheritance taxes. Now that homosexual "marriage" is legal in Pennsylvania, they went to court to dissolve that legal adoption so as to "wed." Judge Lawrence J. O'Toole, of the Court of Common Pleas of Allegheny County, told the men that state law didn't give him the power to dissolve a legal adoption, unless there was fraud involved.  Now Senator Bob Casey (D-PA) is asking the Obama administration to...
  • Washington State Initiative 1366 by Eyman is Ahead!

    11/05/2015 11:37:55 PM PST · by entropy12 · 6 replies
    ballotpedia ^ | November 5, 2015 | BallotPedia
    This measure would decrease the state retail sales tax rate on April 15, 2016, from 6.5 percent to 5.5 percent. The sales tax rate would not be decreased if, by April 15, 2016, two-thirds of both legislative houses refer to the ballot a vote on a constitutional amendment that requires two-thirds legislative approval or voter approval to raise taxes, and majority legislative approval to set the amount of a fee increase. Initiative 1366 aimed to circumvent citizens' lack of power to initiate constitutional amendments. Eyman's 2015 initiative put the state legislature in a bind, forcing them to either put his...
  • IBD Ted Cruz Tax Reform: Economically, Politically Revolutionary - Intellectually Dominating

    11/05/2015 12:53:36 PM PST · by conservativejoy · 22 replies
    Bad Blue ^ | 11/5/2015 | Lewis K. Urler and Peter Farrar
    The tax-reform proposal unveiled by Ted Cruz last week is as transformative, intellectually dominating and economically and politically revolutionary for 2016 as Kemp Roth was in 1980. Indeed, even more so. Cruzs plan would scrap the current income tax code and replace it with a simple, single, flat rate of 10%, to be paid by everybody on everything , wages, profits, capital gains, dividends, rent, interest and all forms of individual income. No one would be able to claim that billionaires pay lower tax rates than their secretaries or that the system is rigged to favor the rich over the...
  • Clinton charity WILL refile two years of tax returns over errors - after trying to get out of it

    11/05/2015 2:01:06 AM PST · by Libloather · 11 replies
    Daily Mail ^ | 11/04/15 | J. Taylor Rushing
    An offshoot of the Clinton Foundation has announced plans to resubmit its federal tax returns to the Internal Revenue Service, reversing an earlier decision against such a move. The Clinton Health Access Initiative, which offers HIV/AIDS treatment and vaccination programs, had decided on Monday that its 2012 and 2013 990 forms had only minor errors that do not require them to be refiled with the IRS. In the wake of media criticism, however, the group changed its mind again on Wednesday. 'As previously stated, the minor errors on the 2012 and 2013 CHAI 990s are immaterial and do not require...
  • Cruz: Abolishing IRS Not a ‘Pie in the Sky’ Proposal

    11/04/2015 7:55:37 PM PST · by Isara · 39 replies
    Breitbart ^ | 4 Nov 2015 | Jeff Poor
    Wednesday on Fox Business Network's "Varney & Co.," Sen. Ted Cruz (R-TX), ....... insisted that his tax plan that would abolish the Internal Revenue Service, isn’t a “pie in the sky” proposal, as FBN host Stuart Varney suggested it was."Well, you know it's interesting," he said. "If you go back to 1981 when Ronald Reagan was elected president, he wanted to cut the top marginal tax rate from 70 percent to 28 percent. Every observer said that's pie in the sky, that will never happen and especially that will never happen with a Democratic House of Representatives and Tip O'Neill...
  • Small Business Supports Cruz, Simple Flat Tax Plan

    11/03/2015 5:03:20 PM PST · by Isara · 3 replies
    TedCruz.org ^ | 11/03/15
    Announces Small Business for Cruz Coalition Supporting Ted Cruz for President and His Economic PoliciesHOUSTON, TX - Today, Presidential candidate Ted Cruz announced the creation of the Small Business for Cruz Coalition. The coalition will be led by National Co-Chairs J. Keet Lewis, and Joe and Gladys Grimaud, who also expressed support for Cruz's newly announced tax reform plan, the Simple Flat Tax."Small businesses are the backbone of the American economy, but in the current environment they are going out of business in record numbers," Cruz said. "We need to empower small business owners and entrepreneurs. Through lower taxes, less...
  • Ted Cruz's Tax Plan: Creating Jobs And Economic Growth

    11/03/2015 6:04:03 AM PST · by St_Thomas_Aquinas · 25 replies
    IBD ^ | 11/02/2015 | LEWIS K. UHLER AND PETER J. FERRARA
    The tax-reform proposal unveiled by Ted Cruz last week is as transformative, intellectually dominating and economically and politically revolutionary for 2016 as Kemp-Roth was in 1980. Indeed, even more so. Cruz's plan would scrap the current income tax code and replace it with a simple, single, flat rate of 10%, to be paid by everybody on everything — wages, profits, capital gains, dividends, rent, interest and all forms of individual income. No one would be able to claim that billionaires pay lower tax rates than their secretaries or that the system is rigged to favor the rich over the middle...
  • Beware 'Wimpy' Tax Cut Promises

    11/03/2015 8:21:41 AM PST · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 11/2/2015 | Jack McHugh
    Both the Michigan House and Senate have included a provision in their competing road funding proposals to cut the state income tax in 2019, but only if the amount of revenue deposited in the state general fund increases at a rate faster than inflation. To be clear, any time its members want, the Michigan Legislature can cut the 4.25 percent state income tax rate with just a simple majority vote and the governor’s signature – no fancy trigger mechanism is required. The gaping loophole in this tax cut trigger proposal is that “general fund” is not a precisely defined accounting...
  • The 7 Keys To Trapping As Many Americans As Possible In Poverty

    11/03/2015 5:42:47 AM PST · by Kaslin · 16 replies
    Townhall.com ^ | November 3, 2015 | John Hawkins
    Keeping Americans poor in a prosperous country like America is not as easy as you think. After all, this is the "land of opportunity." Legal immigrants pay tens of thousands of dollars and wait years for the opportunity to come legally and illegal immigrants often risk their lives just so they can get here and do menial work. This is the country that made Bill Gates, Steve Jobs and even OPRAH into billionaires and it's a nation where you can have everything from hoverboards to medicine for your pet delivered right to your door. So when there's so much wealth...
  • Republicans’ Talk of Taxes Leaves Much Unsaid

    11/03/2015 3:44:11 AM PST · by SeekAndFind · 15 replies
    New York Times ^ | 11/03/2015 | Josh Barro
    The Republican presidential candidates talked a lot about their tax plans at last week’s debate, but most of the conversation was not very illuminating. Here are some details you may have missed about the candidates who did mention plans. TED CRUZ He noted his just-announced tax plan involved “the lowest personal rate any candidate up here has.” That’s true: His plan calls for a 10 percent flat personal income tax rate. But that’s not where his plan gets most of its tax revenue. The biggest tax in his plan is a 16 percent value added tax. Mr. Cruz describes this...
  • Ted Cruz discusses his new Simple Flat Tax plan with CNBC’s Larry Kudlow

    11/02/2015 2:04:51 PM PST · by gwgn02 · 77 replies
    TheRightScoop ^ | 11/22015 | TheRightScoop
    Ted Cruz spent a fair amount of time discussing his new tax plan in detail with Larry Kudlow on his radio show today. The tax discussion begins around the 6 minute mark so skip ahead if you don’t have a ton of time: Ted Cruz spent a fair amount of time discussing his new tax plan in detail with Larry Kudlow on his radio show today. The tax discussion begins around the 6 minute mark so skip ahead if you don’t have a ton of time: Read more: http://therightscoop.com/ted-cruz-discusses-his-new-simple-flat-tax-plan-with-cnbcs-larry-kudlow/#ixzz3qNHLYve6
  • Ted Cruz Rockets Up With Gold And A Flat Tax For His Economic Plan

    11/02/2015 7:12:53 AM PST · by SeekAndFind · 18 replies
    Forbes ^ | 11/02/2015 | Ralph Benko
    Ted Cruz rocked in the presidential race during the CNBC debate. His biggest breakthrough, even more important than his crowd-pleasing holding the media to account, was his credible prescription to get job creation, and equitable prosperity, roaring the way they roared in the Reagan days. Cruz thereby seized, like nobody else yet has, the Reagan jobs-creation and income mobility mantle. Reaganomics had two main legs. Both were widely ridiculed at the time. Both were vindicated by history. The more famous of these was Reagan's dramatic cutting of income tax rates, across the board, to stimulate economic growth, a policy drawn...
  • The Public Sector: Standing in Our Way until We Pay Up; Just a supplementary welfare state.

    11/01/2015 5:56:39 AM PST · by SeekAndFind · 13 replies
    National Review ^ | 10/31/2015 | Kevin Williamson
    My favorite criminals are those known in the literature — or at least in the movies — as “standovers,” criminals who specialize in victimizing other criminals. Examples of the type are Omar Little in The Wire, whose occupation is robbing Baltimore drug dealers, and the Joker in The Dark Knight, who loots and extorts Gotham’s mob bosses. The really bold ones who show up at large drug deals and rob both sides. The problem with the standover business model, obviously, is the same as the problem of scorched-earth banditry: It drives away exactly the sort of activity that the criminal...
  • New York Times Editorial: Why the Republican Tax Plans Won’t Work

    11/01/2015 5:50:18 AM PST · by SeekAndFind · 50 replies
    New York Times ^ | 10/30/2015 | The Editorial Board
    The Republican presidential candidates were full of tax talk at this week’s debate. But none has a tax plan coherent enough to be the basis of a substantive discussion, let alone one that could meet the nation’s challenges. Take, for example, the issue of how much revenue any plan would raise or lose. All of the Republican plans focus on tax cuts, so losses are all but inevitable. Quick-and-dirty calculations of proposals from Jeb Bush, Donald Trump, Marco Rubio and Ted Cruz show red ink running into the trillions of dollars. Yet candidates assert, against historical evidence, that revenue losses...
  • Koskinen Should Be Imprisoned, Not Just Impeached

    10/31/2015 7:47:54 AM PDT · by raptor22 · 24 replies
    American Thinker ^ | October 31, 2015 | Daniel John Sobieski
    The introduction of a resolution to impeach IRS commissioner John Koskinen should comes as no surprise considering the lawlessness of the Obama administration and its use of the IRS to bludgeon its political opponents and the refusal by the DOJ to prosecute Lois Lerner for her political targeting of the Tea Party and other conservative political groups, as well as her destruction of evidence. The resolution, introduced by .House Oversight Chairman Jason Chaffetz (R-UT), Rep. James Jordan (R-OH) and 18 other committee members, accuses Koskinen of making false statements under oath, failing to comply with a subpoena, and failing to...