The death tax, also known as the estate tax, is a tax on a person’s assets at death. Family-owned farms and businesses are most vulnerable to the death tax. When one generation wishes to pass family business assets down to the next generation, the death tax can threaten the continued viability of the business’ operations. […]
President Obama wants to levy a new tax on Americans. What’s a carbon tax? A carbon tax is basically, if you don’t conform to his way of thinking “green”, you will be punished and charged for it. This will not only lead to skyrocketing energy prices, but it also will force energy companies to consider […]
Thomas Sowell authors an informative series on progressive theory and history. Thanks to Townhall for publishing it!
Editor’s note: This is Part II in a series. Part I can be found here.
“Often wrong but never in doubt” is a phrase that summarizes much of what was done by Presidents Theodore Roosevelt and Woodrow Wilson, the two giants of the Progressive era, a century ago.
Their legacy is very much alive today, both in their mindset — including government picking winners and losers in the economy and interventionism in foreign countries — as well as specific institutions created during the Progressive era, such as the income tax and the Federal Reserve System.
The AP’s Andrew DeMillo has the story:
LITTLE ROCK, Ark. (AP) – A group of Arkansas legislators has asked city leaders from around the state to reconsider their support for a severance tax hike to pay for highways.
Fifteen Republicans and three Democrats on Thursday asked the Arkansas Municipal League to oppose the severance tax increase that former natural gas executive Sheffield Nelson is trying to place on the November ballot.
The legislators said they believed the increase would hurt jobs and growth in Arkansas.
House Speaker Robert Moore says the severance tax hike isn’t competing with a proposed half-cent sales tax that will appear on the November ballot.
Moore asked members of the state Municipal League to throw their support behind the proposed temporary tax for four-lane highways.