As we approach the 2022 midterms, the Biden administration faces a range of economic obstacles that will be at the top of voters’ minds, and nothing has Americans more worried than the ongoing inflation contributing to increased prices for the everyday goods they need most. While President Biden seeks to address this inflation, calls are increasing for … Continue reading Economists Agree – It’s Time for Biden to Lift Price-Hiking Tariff Taxes
Category: Taxation
United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, today pressed U.S. Secretary of Treasury Janet Yellen—for the third time in the last year—for an update on the promised investigation into the ProPublica leak of confidential taxpayer information that occurred over a year ago. Hagerty’s last two demands for transparency from Yellen and … Continue reading Biden Treasury Secretary refuses to testify in mass theft of taxpayer info
Facts continue to destroy the Washington Democrats’ narrative about the 2017 Tax Cuts & Jobs Act (TCJA). Under the Republican-passed TCJA, the tax burden on American families as well as American job creators has gone down while revenue to the federal government has continued to grow – and grow beyond that predicted by the Congressional … Continue reading Dem narrative implodes as new data reveal 2017 tax cuts send government revenue to new highs
The Institute for Justice’s (IJ) seven-year fight for IRS forfeiture records has finally ended after the IRS turned over significant amounts of data. The close of the case comes more than two years after the U.S. Court of Appeals for the D.C. Circuit ruled that the IRS cannot deliberately frustrate Freedom of Information Act (FOIA) requests by … Continue reading Seven-Year FOIA Battle Ends with IRS Handing Over Records
Nearly 10 months later, the Biden Administration still does not know what taxpayer data was stolen and leaked to ProPublica last summer. In a letter to Treasury Secretary Janet Yellen, top Republicans on the Senate and House tax panels are requesting an update on the investigation. The letter, sent by Ranking Member of the Senate Finance Committee Senator … Continue reading Congressional leaders demand answers on theft of private taxpayer info by liberal activists
Tax revenues derived from the licensed retail sale of state-legal, adult-use cannabis products grew by more than 30 percent between 2020 and 2021, totaling over $3.7 billion last year – according to an analysis provided by the Marijuana Policy Project. MPP’s figures do not include revenues derived from the sales of medical cannabis products and/or the collection of … Continue reading Analysis: Adult-Use Cannabis Sales Generated Nearly $4 Billion in Tax Revenues in 2021
U.S. Senators Tim Scott (R-S.C.) and Mike Crapo (R-Idaho), ranking member of the Senate Finance Committee, led an amicus brief at the 11th Circuit Court, arguing that President Biden’s American Rescue Plan Act (ARPA) unconstitutionally blocks states from lowering taxes.“If the Tax Mandate is unambiguous, it amounts to an impermissible assault on the States’ sovereignty,” write … Continue reading Senators file court brief challenging Biden scheme banning states from cutting their own taxes
The newly released details of the White House budget for fiscal year 2023 marks a failure in spending restraint and regulatory accountability, say CEI experts. Kent Lassman, CEI President, argues that not only is the envisioned wealth tax at odds with the Constitution, it’s wrong to tax people on income they don’t have: “Such a … Continue reading Biden Crazy ‘Billionaire Tax’ Scheme Violates Constitution
Governor Glenn Youngkin signed into law HB1239 sponsored by Delegate Phillip A. Scott, empowering localities to cut car tax rates and prevent huge tax hikes driven by driven by dramatic increases in used vehicle values. “With prices soaring on the necessities that families and individuals use every day, Virginians are in dire need of relief … Continue reading Governor Glenn Youngkin Signs Legislation Empowering Localities to Lower Car Tax Rates
Americans for Prosperity applauded Sen. Mike Braun (Indiana) and Rep. Jodey Arrington (Texas) for a constitutional amendment proposal aimed at putting an end to Washington’s wasteful and irresponsible spending. The Business Cycle Balanced Budget Amendment (BCBBA) would limit federal spending to a rolling average of the three prior years’ revenues, adjusted for inflation and population, … Continue reading AFP Applauds Sen. Braun and Rep. Arrington for Their Newly Introduced Balanced Budget Amendment
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