Special interest Handouts No Substitute for Real Tax Reform

December 05, 2014J,

This week, while most Americans were enjoying leftover turkey and mashed potatoes, Members of the House of Representatives quietly voted to add $45 billion to the already staggering $18 trillion national debt. With little debate, and by an overwhelming margin, Democrat and Republican lawmakers voted to approve the so-called “tax extenders” package, a conglomeration of taxpayer handouts to everyone from the politically-connected wind industry and well-heeled Hollywood film studios to Puerto Rican and Virgin Islands rum manufacturers. In other words, exactly the kind of “bipartisanship” that taxpayers don’t need and can’t afford.

The Tax of the Irish

December 03, 2014J

While the American economy continues to sputter along, Ireland is expected is to see GDP growth of nearly 5 percent by the end of 2014. Not surprisingly, American companies are eager to take advantage of this economic boom – which is why they are seeking to acquire (and be acquired) at record rates. The latest of these mergers had Ireland-based Actavis purchasing Botox maker Allergan.

Tax Foundation’s 2015 State Business Tax Climate Index

November 12, 2014J

Recently, the Tax Foundation released its 2015 State Business Tax Climate Index, ranking the states on the quality of their tax climate for businesses and economic growth. Policymakers and voters alike have realized that the verdict is in. Cutting taxes and creating a tax code with low rates and a broad base means more economic growth, a larger tax base, and most importantly, greater prosperity for people.