Free Republic

Donald Trump has outlined his plans for federal taxation should he be elected. "I will make the Trump tax cuts permanent. You know they expire in a year. And we will cut your taxes even more than that," he said in a speech in North Charleston, South Carolina, on Feb. 14, 2024. Trump made the direction clear. Lower. But President Biden has also made his plan clear: He wants to wallop Americans with a $5 trillion tax increase. Biden’s written plan calls for a small business tax hike, a corporate tax hike, a capital gains and dividends tax hike, income...

Special election tax report! Fort Smith citizens are fighting their city leaders who are trying to schedule another special election tax increase. Joey McCutchen is leading the fight against after defeating the Marshal Museum tax! https://www.facebook.com/joey.mccutchen.3 ____ Garland County tax increase/extension February 8th Early voting starts Feb 1st only at Election commission at 649 Ouachita St in Hot Springs and Community Baptist Church on Hwy 7 close to HSV west gate and across from Walmart. Please get the word out. Garland County Tax Alliance is fighting this. https://www.facebook.com/groups/GCTaxAlliance/__ Fountain Lake School District going for more millage February 8th as well....

At some point in the near future—whether a few days or a few weeks—the Congressional Budget Office (CBO) will release a complete score of the spending spree legislation Speaker Nancy Pelosi, D-California, and House leaders introduced on Nov. 3. The document will represent the first complete CBO analysis of any of the multi-trillion-dollar spending bills that Democrats have spent the fall writing, then re-writing. Two budgetary analyses suggest CBO could find the most recent version of the legislation increases the deficit. A Penn-Wharton analysis of the White House’s policy framework concluded it would spend $1.87 trillion over ten years while...

Some emergencies require an increase in government spending, but that comes with an understanding that the higher levels of spending are unusual and will not be sustained. Unfortunately, this understanding seems to be lost on the Biden administration. Exhibit A is his proposed $6 trillion budget for Fiscal Year 2022 and the accompanying huge budget deficits on the books for the next decade. This is bad news for everybody except politicians and their cronies. It signals once again that contrary to the words spoken by the president during his inaugural address, unity is not in the cards for us Americans....

Marketing is everything in politics. It explains why a tax credit that benefits 90% of American families with kids -- some of them with income higher than $400,000 -- is marketed as an anti-poverty measure. But in politics, that marketing is often an illusion that hides the hard consequences of a preferred policy. With the latest COVID-19 relief package, Congress expanded the child tax credit, increasing the maximum amount a taxpayer could claim from $2,000 per child to $3,000 for those aged 6 to 17 and to $3,600 under age 6. The expanded part of the credit begins to decrease...

One of my early memories, and not a happy one, is sitting in gas lines in the 1970s. My parents would rustle me out of bed early on frigid February mornings, and we'd pack into the Ford and speed over to the gas station. When we got there, there would often be six or seven cars in front of us. Sometimes, we'd wait 20 or 30 minutes for a fill-up. And we'd notice that every few weeks there would be someone on a ladder posting a higher price on the 20-foot-high sign. It always sticks in my memory because even...

Sen. John Cornyn (R-TX) on Tuesday suggested using a truck-only vehicle miles traveled tax during the Senate Finance Committee's hearing on infrastructure funding. His suggested method would levy a tax of 25-cents for every mile driven. The mileage would be tracked via government-mandated devices that report the data back to the IRS. -snip- Texas Trucking Association President and CEO John D. Esparza noted taxing drivers a quarter for every mile equates to approximately $25,000 per truck that drives 100,000 miles a year – almost half the average salary for a truck driver. "Eighty-eight percent of trucking businesses in Texas are...

With the White House on Monday reminding Americans that families would start receiving direct cash payments starting in July, President Joe Biden’s financial assault on the workforce is set for an alarming expansion. The federal government will start sending families direct cash payments of $300 per child under six years old and $250 to those between seven and eighteen. While this might seem to be a good thing, it is guaranteed to have five very negative effects. Increasing inflation which is already going through the roof at more than doubling since Biden became president to 4.2 percent will continue to...

During the 2020 campaign Joe Biden promised that taxes on small businesses would not go up. So why is he now pushing numerous tax hikes that would hit small businesses? His promise is not up for interpretation. During a Democratic debate in February 2020, Biden said: “No. Taxes on small businesses won’t go up.”Now that he is safely in office, it appears he has no intention of keeping this promise. The $3.5 trillion in tax hikes Biden has proposed includes several small business tax hikes. His proposal to increase the top marginal income tax rate would hit small businesses organized...

There’s nothing politicians love more than extra revenue without having to raise taxes. And at first glance, that’s what Internal Revenue Service (IRS) Commissioner Chuck Rettig appeared to offer at a recent Senate Finance Committee hearing when he discussed the so-called “tax gap”: the difference between what taxpayers legally owe and what the IRS actually takes in. Unfortunately for President Biden, attempts to take on the “tax gap” would probably yield far less revenue than they think.Commissioner Rettig’s testimony appeared to provide groundbreaking new information that the tax gap has reached $1 trillion, with major media outlets like the New...

Death has sadly been on the minds of many Americans this past year. Hundreds of thousands have been lost in the U.S. alone to coronavirus, including many more across the globe. This time has been unimaginably difficult for so many who have lost loved ones. Unfortunately, as the pandemic winds down, the Biden administration is proposing a tax hike that would make sure Americans are taxed twice in the event of a death in the family. So, while people may only die once, their family or loved ones would have to pay twice. Given the way this tax hike is...

Politicians betray their campaign promises all the time. So, it's no surprise to see President Joe Biden go back on his word that, in spite of his plan to significantly hike taxes to pay for a portion of a massive increase in spending, nobody earning less than $400,000 annually would suffer a tax increase. But this flip-flop is just the tip of the iceberg. During the presidential campaign, then-candidate Biden declared that if someone makes less than $400,000, they wouldn't face any tax hikes. His campaign website reinforced this promise: "Joe Biden will not raise taxes on anyone making less...

The front-page headline in Monday's Wall Street Journal said: "Biden weighs how to pay for Agenda." Who purchases something they know they can't afford, and then worries about paying for it later? Only government. After less than two months in office, President Biden and a majority Democrat Congress have engaged in record spending with insufficient money to pay for it. That may be about to change. Bloomberg.com reports the president wants to raise individual income taxes, as well as taxes on corporations (and expand the estate tax) to pay for another round of spending on infrastructure and programs and policies...

Joe Biden is planning to propose the first substantial federal tax hike since 1993 for Americans to help pay for his long-term economic program after he signed the largest stimulus package in U.S. history with a price tag of $1.9 trillion. Now the White House is preparing to roll out another sweeping plan to tackle infrastructure and the economic crisis, which some say could fall somewhere between the $2-$4 trillion mark. Biden plans to kick off his cross-country tour this week promoting and seeking to bolster enthusiasm for the coronavirus relief package, where the White House will also ensure he...

“Toll free in ’73.” That was the campaign slogan over five decades ago that promised tolls on Illinois interstates would be a temporary revenue sources. Today, the tolls are higher and the tollway authority is more permanent than ever. Lawmakers promised tolls would help fund 186 miles of interstate construction and would be removed when the roads were paid off. After that, highway maintenance would be funded by the gas tax. In 1968, the General Assembly made the Illinois Toll Highway Authority permanent. What started at just 10 cents at the exits and 25 cents at the plazas has grown...

Rishi Sunak warned of tax rises to come and lavished praise on “special” Boris Johnson today as he tried to quell growing rumors of a feud over lockdown. The Chancellor hailed the PM as a “close personal friend” and “rare” communicator who had “got the big calls right” as he delivered his keynote speech to Tory conference. He even noted that their families were “joined” and his daughters loved Mr. Johnson’s dog Dilyn. Mr. Sunak again conceded that he will not be able to save all jobs, but pointed to the huge government bailouts so far and said his sole...

Liberals hope Joe Biden will be another FDR. But that’s something to fear, as Mr. Biden’s tax proposals threaten to repeat Franklin D. Roosevelt’s big mistake, which many historians blame for plunging a recovering economy back into depression. Roosevelt proposed a wealth tax in 1935, expanded it in 1936, and gave it real teeth in 1937. The federal government needed to repel the attack on the foundations of society by “economic royalists,” he argued. John Nance Garner, his vice president, agreed. As a congressman Garner had been forthright. “We have got to confiscate wealth,” he declared in 1918. By 1936...

Saturday Jan 11, 2020, 12:00pm Arkansas Defense Force La Loma Mexican Grill 790 Cash Rd SW Camden, AR 71701 https://www.facebook.com/TheArkansasMilitia//_____________________ Monday Jan 13th 10am Hearings on fake Refugees Arkansas State Capitol MAC building Room A https://www.facebook.com/events/arkansas-state-capitol/hearings-on-more-refugees-placed-in-arkansas/605010280071943/_____________________________ Tuesday Jan 14th special election tax increases all across the state 2020-01-14 Stuttgart School Special Arkansas County 2020-01-14 2020 Gurdon Mill Election Clark County 2020-01-14 2020 SP HSC Election Cleburne County 2020-01-14 2020 SP ETB School Millage Columbia County 2020-01-14 VALLEY VIEW SCHOOLSPEC Craighead County 2020-01-14 2020 school election Jackson& Poinsette County 2020-01-14 2020 SPECIAL SCHOOL ETB Lafayette 2020-01-14 WHITE HALL SP ELECTION Jefferson...

Sen. Bernie Sanders (I-VT) appeared on CNN's "State of the Union" with Jake Tapper to discuss an array of issues. One of the topics that came up was Medicare For All.Tapper played a clip of former Vice President Joe Biden in Michigan talking about how it's impossible to implement Medicare For All without raising the taxes on the middle class."Well, I find that people say they're for Medicare For All but they're not going to tax the middle class because we don't need to do that. Come on," Biden said. "What is this, a fantasy world here?"Sanders finally admitted what...

In dueling campaign rallies, former Vice President Joe Biden and President Trump made their argument to voters in Iowa. Biden joined his Democratic opponents in calling for higher capital gains taxes to pay for his pet programs. Democrats are racing to the left in a desperate attempt to mollify their radicalized base. Almost every 2020 Democratic presidential candidate is abandoning capitalism. Sen. Elizabeth Warren, D-Mass., who has said she is a "capitalist to my bones," sings the same chorus with her massive wealth tax plan. Her campaign estimates that it would cost the American people $3 trillion over 10 years....