It’s no mystery why American companies have stockpiled over $2 trillion of overseas earnings in foreign bank accounts. If they bring it to the United States, the IRS would grab 35% of it. That’s the US corporate tax rate – the highest in the developed world, double the average in EU nations.
Tagged: tax policy
Although at first glance Nebraska’s tax system may appear competitive nationally, it lags behind its regional neighbors, who are its primary competitors for attracting new businesses to the state.
…Farming and agriculture have been around for tens of thousands of years. For the vast majority of that time, we grew stuff just fine without a Farm Bill (let alone an entire Cabinet-level Department).
Recent Republican budget proposals have cut taxes on the rich and asked the middle class to pick up the tab? When was the last time any Republican proposed to increase taxes on the middle class?
President Obama says that income taxes must be raised on the rich because they don’t pay their fair share. The indisputable facts from official government sources say otherwise. The CBO[...]
[First posted at Forbes.] Steve Moore begins his brilliant new book, Who’s the Fairest of Them All? The Truth About Opportunity, Taxes and Wealth In America, quoting President Obama saying: We’ve sought[...]
[First published at The American Spectator.] It seems like everyone is piling on my college friend Grover Norquist because they can’t wait to abandon the tax pledge not to raise[...]
[First published at the San Francisco Chronicle.] Barely two months ago Amazon.com, the world’s largest online retailer, and other online retailers began collecting sales taxes in California, even though they[...]
On today’s Heartland Daily Podcast … Talmadge Heflin of the Texas Public Policy Foundation recently spent more than one hour testifying before and answering questions from a state panel regarding a proposal[...]
[First posted at Forbes.] The central theme of President Obama’s tax policy has been that “the rich” (whatever that is supposed to mean) do not pay their fair share of[...]
This piece ran in The Detroit News the other day — and thanks to them for running it: Consider a two-income family of public school teachers each earning about $60,000[...]