Free Republic

Ever since the Tax Cuts and Jobs Act passed in late 2017, Democrats and a few Republicans have decried how the law’s $10,000 cap of the state and local tax deduction harms schools, local communities, home values, first responders, and middle-class families. Fast forward almost two years later and these false claims are not going away. House Democrats recently announced a hearing scheduled for Tuesday where many of the common myths are likely to be repeated. Here are a few of the most common misconceptions. Myth #1: The Cap Hurts Middle-Class Taxpayers Before the 2017 tax cut capped the state...

HARRIS COUNTY, Texas - The Harris County Toll Road Authority collected about $760 million in tolls the last fiscal year, yet it is improbable that any Harris County toll road will ever be “paid off,” Channel 2 Investigates has learned.   “Not with system financing, which allows us to borrow money at a favorable rate to build new projects,” said Patti Evans, the authority’s assistant director of communications.In other words, tolls collected today are not only used to pay down system-wide debt, but to construct more toll roads in the future.    “I think it is important to say —...

The United States tax code is so backward that billionaire investor Warren Buffett pays only 17 percent in income taxes, a rate even lower than that of his secretary. Or so he claims. While I have great respect for Mr. Buffett, and while I agree that our tax code could benefit from major adjustments, Mr. Buffett's statement is misleading. And he knows it. Even worse, when Mr. Buffett implies that wealthier Americans are under-taxed, it gives public officials cover to pursue disastrous policies such as Maryland's failed millionaire's tax, and the pending sales tax on interstate Internet purchases known as...

Last night the Hannity Show said that the dems are discussing a new MILEAGE TAX on how many miles we drive.

The Texas Department of Transportation is pushing Congress to pass a federal law allowing the state to "buy back" parts of existing interstate highways and turn them into toll roads. The 24-page plan, outlined in a "Forward Momentum" report that escaped widespread attention when published in February, drew prompt objections Thursday from state lawmakers and activists fighting the spread of privately run toll roads. "I think it's a dreadful recommendation on the part of the transportation commissioners here in Texas," said Senate Transportation and Homeland Security Committee Chairman John Carona, R-Dallas. "I feel confident that legislators in Austin would overwhelmingly...