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
Category: Taxation
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
Congresswoman Lauren Boebert (CO-03) introduced a Balanced Budget Amendment to the U.S. Constitution to eliminate waste and rein in federal spending. Congresswoman Boebert said, “Everyday Americans are faced with tough decisions on how to balance their checkbooks. Unfortunately, the government shows no such restraint, pummeling all of us with record-setting spending and runaway inflation. Nancy Pelosi and the … Continue reading Lauren Boebert Introduces Balanced Budget Amendment to Constitution
Governor Glenn Youngkin announced that he would send a bill to the General Assembly in the upcoming special session to suspend Virginia's gas tax for 3 months. The Governor proposes using over $437 million in unanticipated transportation revenues to support the gas tax holiday. Data released by the Bureau of Labor Statistics this week showed … Continue reading Governor Glenn Youngkin Proposes Gas Tax Holiday for Struggling Virginians
The trade war with China hits its fourth anniversary this year, with the Biden administration set to soon begin a review of the Section 301 tariffs first imposed by former President Donald Trump in 2018. Since then, these tariffs have taxed American business owners nearly $130 billion for the goods they need to stay afloat. A new study from … Continue reading Four Years On, Tariff Tax Hikes Still a Burden on Working Americans
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