Tax Politics
The Politics of Taxes
“Revenue Raising” Soda Tax Fails to Bring in Revenue
A soda tax in Philadelphia, implemented specifically to raise revenue (not to fight obesity) has failed to bring in the projected funds promised by the tax wizards. The tax was supposed to raise some $92 million a year, but people have taken to purchasing their soft...
DeBlasio to High-Income Earners: Pay For Our Mass Transit Projects
Mayor DeBlasio released a new plan to add a "nearly 14 percent tax increase on high-income Big Apple residents" in order to raise money for various transportation projects. It is projected to raise $800 million/year and would be used to pay for subway repairs, bus...
JFK on Capital Gains
Nearly 1400 Counties to Have One or Zero Insurers in 2018
Centers for Medicare and Medicaid Services (CMS) have published data which projects that 1,332 counties (over 40%) will have only one health insurer on Obamacare in 2018 and 49 will have none. According to CNSNews, "the data comes from the Health Insurance Exchanges...
Social Security Expenses to Exceed Income in Five More Years
Last week, the Social Security Board of Trustees released their annual report on the long-term financial status of the Social Security Trust Funds. The news does not continue to bode will for the long-term survival of Social Security -- but on the other hand, this is...
More Outrage About Sessions and Civil Asset Forfeiture
Daniel Mitchell from CATO put together a round-up over of articles over the last few days from various sources chiming in their opinion of Session's expansion of asset forfeiture. It was published on International Liberty. The list is below; you should also read the...