U.S. Senator Steve Daines led all 50 Senate Republicans in urging President Biden to abandon his effort to impose a tax increase on Montana family-owned businesses, farms, and ranches. “These changes are a significant tax increase that would hit family-owned businesses, farms, and ranches hard, particularly in rural communities,” the Senators wrote. “These businesses consist largely of illiquid assets that will in many … Continue reading Daines fights to protect family farms, small employers from crippling tax hikes
Category: Taxation
U.S. Senator John Boozman (R-AR), ranking member of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, led a group of his colleagues in a series of speeches on the Senate floor that highlighted the detrimental impact that the Democrats’ reckless tax and spend agenda will have on family farmers, ranchers and rural America. Boozman … Continue reading Ag Committee Republicans sound alarm on devastation Democrat agenda will bring to rural America
On June 25, Rep. Roy led a letter to IRS Commissioner Charles Rettig expressing concerns regarding the IRS’s denial of tax-exempt status of Christians Engaged. Today, in response to the news that the IRS has reversed its decision and granted the Christian nonprofit tax-exempt status, Rep. Roy (TX-21) issued the statement below: I am encouraged … Continue reading IRS reverses denial of tax-exempt status to Christians Engaged
After a June letter to the Commissioner of the Internal Revenue Service (IRS) sent by Sen. Mike Lee (R-UT) Rep. Burgess Owens (R-UT) and colleagues, the IRS reversed course on a determination removing tax-exempt status of a religious values group. The letter called out the IRS determination that “the sanctity of life, biblical marriage, and … Continue reading IRS Changes Course after Sen. Lee and Rep. Owens Send Letter on Religious Liberty
Following ProPublica’s publication of a “vast trove” of taxpayer information provided to the Internal Revenue Service (IRS) that appears to be confidential information and protected under federal law from disclosure, Sens. Mike Lee (R-UT), Mike Braun (R-IN), Marsha Blackburn (R-TN), Ted Cruz (R-TX), and Ron Johnson (R-WI) have sent letters to the Acting Treasury Inspector General … Continue reading Senators demand answers on IRS data leak
This decision comes at a time when members of both parties are trying to increase the ability of the IRS to harass individual Americans, businesses, and organizations.
A top Internal Revenue Service official told a Christian group that “Bible teachings are typically affiliated” with the Republican Party as a rationale for denying its application for tax-exempt status. The Texas-based Christians Engaged filed an appeal on Wednesday to the IRS’ denial, objecting to the tax agency’s assertion that it is partisan. In a May 18 denial … Continue reading IRS Denies Tax Exemption to Christian Group, Associates Bible With GOP
Catherine Rampell of the Washington Post wonders why President Biden has not repealed President Trump’s costly tariffs on imported steel and aluminum from “our close economic and military allies, including the European Union, Canada and Japan.” If both the United States and our allies recognize the damage these trade barriers are doing, what are the obstacles to … Continue reading Steel Tariffs and Why We Can’t End Failed Government Programs
t everyone pays their fair share and the richest Americans pay the most.” That broad claim is not supported by their narrow analysis. Indeed, it is a silly statement because it is based on only 25 apparently atypical high‐end returns and a single hypothetical middle‐income taxpayer.
and fiscal stimulus really is living for today with little regard for the future.”
DonnyFerguson.com 