Tax Politics
The Politics of Taxes
Chuck Todd is Officially Irrelevant
Whatever shred of actual relevancy Chuck Todd hoped to achieve as the new moderator of "Meet the Press" just collapsed during his MSNBC interview regarding the resignation of Attorney General Eric Holder. Chuck Todd eulogizes Eric Holder as "a non-political person":...
New Inversion Rules Seek to Punish Businesses, Not Raise Revenue
The Department of the Treasury announced last night that it has implemented new rules aimed at making it more difficult for U.S. companies to move their headquarters abroad, which is known as an "inversion". The rules take immediate effect. Interestingly enough, when...
More Abject Failure From Koskinen’s IRS
John Koskinen has failed the IRS and the American people. Should he resign? IRS Commissioner John Koskinen testified last week about the missing emails lost forever due to computer failures. When questioned about any more crashes or computer issues recently, Koskinen...
What Was Promised and Who Promised It
Pension reform needs to begin in the public sector. it is clear that a wide gulf between funding and compensation exists. When pointing out the fact that the majority of federal and state public employees are overcompensated, the response is typically that “these...
U.S. Ranks 32 out of 34 Countries In New Global Tax Index
The Tax Foundation released its first global stat called the "International Tax Competitiveness Index". This index aims to measure two criteria, competitiveness and neutrality, by examining "the extent to which a country's tax system adheres to", these "two important...
Record Revenue, Yet Still Running A Deficit
The government is still running more than a half-trillion dollar deficit right now, with one month left to go in the fiscal year, despite record revenue being hauled in. CNSNews reports that "Inflation-adjusted federal tax revenues hit a record $2,663,426,000,000 for...