Our politicians have placed any number of barriers in the way of prosperity, and one of the most costly has been the Dodd-Frank financial reforms (DF). Congress passed this 2,300-page law in 2010. It has since spawned a massive new regulatory environment with an impact reaching far beyond the nation’s $1.1 trillion financial services industry.
Last year, the U.S. Senate passed the Marketplace Fairness Act (MFA), a plan to allow local and state governments to collect sales taxes on retailers outside their jurisdiction, with 15 Republican senators joining 54 Democrats to support shaking down online retailers for more tax revenue.
If Congress or the media seek incisive oversight/accountability questions to ask the FCC about the real world implications and unintended consequences of its Title II net neutrality plans, here are ten that fit the bill.
Cato Institute budget and policy analyst Nicole Kaeding joins Budget and Tax News managing editor, Jesse Hathaway, to discuss the Fiscal Policy Report Card on America’s Governors, a white paper examining and rating all 50 governors’ on their respective fiscal and tax policies.
Heartland Institute writer Paula Bolyard joins The Heartland Institute’s Budget and Tax News managing editor, Jesse Hathaway, to discuss a lawsuit filed by former Chicago Bears linebacker Hunter Hillenmeyer against the city of Cleveland, Ohio.
Just in time for the holiday season, the Consumer Product Safety Commission (CPSC) is gearing up what can only be called a “war on fun,” persecuting legitimate foreign and domestic businesses for selling legal products to consumers, under the guise of protecting children.
The federal Dodd-Frank Act is considered by many to be the most significant financial legislation in modern history. Its purpose was to create a sound Economic Foundation to grow jobs, protect consumers, rein in Wall Street and big bonuses, end bailouts,and “too big to fail,” as well as prevent another financial crisis. Years without accountability for Wall Street and big banks had ushered in the worst financial crisis since the Great Depression that resulted in the loss of 8 million jobs, failed businesses, a drop in housing prices, and wiped out personal savings.
With recent news about Burger King and medical device manufacturer Medtronic relocating their headquarters outside of the United States to avoid high corporate taxes, the subject of corporate inversions has been a big topic of discussion in the media. While President Obama and the Treasury Department condemn these moves and construct roadblocks to prevent inversions, they fail to see the reasons that drive these corporations overseas.
On November 5, voters in five states—Alaska, Arkansas, Illinois, Nebraska, and South Dakota—will decide whether to increase their respective states’ minimum wages, with the stated purpose of alleviating poverty.
While lawmakers across the country debate proposals to increase state minimum wage rates, proponents have turned their attention toward ballot measures that might kill two birds with one stone: putting voters on the record as supporting minimum wage increases as well as getting out the vote for Democrat candidates.
Just in time for Halloween, the nonpartisan Tax Foundation has released its annual “State Business Tax Climate Index,” finding some states treat businesses in a rather beastly manner, while others give their local employers the fiscal equivalent of a king-sized candy bar.
In a classic case of regulatory overreach, the California Public Utilities Commission has notified three ride-sharing companies — Lyft, Sidecar and Uber — that their respective experimental new features violate state laws regarding chartered transportation.
What is far and away the most important global trade commodity? Food. People have to eat. Before the world’s peoples can afford to purchase from us an iPhone, or a Ford pickup truck – they have to buy (hopefully our) food.
“Government is the great fiction through which everyone endeavors to live at the expense of everyone else,” wrote the celebrated French legislator, economist, and political theorist Frederic Bastiat 165 years ago. With recent reports out of the Census Bureau indicating nearly half of all Americans are receiving some form of direct government subsidy – Social Security, Medicare, Medicaid, food stamps, unemployment benefits, housing assistance, veterans’ benefits, etc. – can there be any doubt he was right?
In 2011, numerous local-government special-interest groups and elected officials fought against Gov. John Kasich’s proposed reduction to the Local Government Fund, a pool of taxpayers’ money collected by the state government and redistributed to local governments’ general revenue funds.