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. […]
By Rudy Takala The small business climate in Illinois is suffocating under burdensome regulations and high taxes, according to a recently released study. The study, conducted by the Kauffman Foundation and the website Thumbtack, gave the state’s business environment a grade of “F.” The research examined state business climates by looking at a combination of […]
The Export-Import Bank interferes with the economy by providing loans to politically-connected foreign companies. This is exactly the kind of government meddling in the economy that free-market advocates should reject! Not only does the Export-Import bank interfere with the free market, it also jeopardizes billions of taxpayer dollars. According to the Congressional Budget Office, the […]
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The new budget agreement in Congress is another trillion-dollar backdoor deal that will increase government spending. If passed, this new increase will break Congress’ prior promise to cap spending at $967 billion, which was in the bipartisan supported Budget Control Act, or BCA. Government spending is out of control. The risky fiscal policies of our […]