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TaxesI

Taxes Legislative Alerts

Coalition Urges Lawmakers to Halt Double-Taxation on e-Commerce

April 24, 2012 J

Today Americans for Prosperity joined 11 additional taxpayer and free-market organizations calling on Congress to end the double-taxation of digital goods.

The bipartisan Digital Goods and Services Tax Fairness Act, S. 971, was sponsored by Senators John Thune (R-SD) and Ron Wyden (D-OR).

A copy of the letter is available below.

Indiana’s Inheritance Tax Phase-Out is a Victory for Economic Freedom

March 20, 2012 J

Indiana will soon join the ranks of 28 other states which do not impose a death tax on their residents. Governor Daniels signing of SB 293, which phases out the tax over ten years, will make Indiana a more welcoming place for entrepreneurs, small business owners, farmers, and the jobs they create.

“Indiana’s legislature has made it easier for family-owned businesses to grow their businesses and hire workers,” said Chase Downham, state director of Americans for Prosperity – Indiana. “Phasing out the state inheritance tax will attract new businesses and encourage expansion.”

Letter of Support: U.S. Banks Are Not Foreign Countries’ De Facto Tax Collectors

February 14, 2012 J

Dear Senator Rubio and Representative Posey,

On behalf of more than 1.9 million Americans for Prosperity activists in all 50 states, I commend you for introducing S. 1506 and H.R. 2568, respectively, to prevent an unnecessary tax regulation from causing billions of dollars of foreign investment to leave the United States.

Early last year, the Internal Revenue Service (IRS) proposed a new regulation that would require U.S. banks to report deposit interest paid to nonresident aliens. This was a strange proposal, since there is no direct IRS interest in it: investment income (including interest payments) earned by nonresident aliens is not even subject to U.S. taxation. Foreign countries, on the other hand, do have an interest in this information as it may reveal that some nonresident aliens are not fully reporting interest income to their home countries and are therefore underpaying taxes back home.

Oklahoma Leads on Income-Tax Repeal

January 30, 2012 J

The state has proposed a radically pro-growth agenda.

January 30, 2012 4:00 A.M.
By Phil Kerpen & Stuart Jolly

When Ron Paul talks about repealing the income tax and replacing it with nothing, most people think it can’t be done. But at least on the state level, it can. In fact, there are nine states, including Paul’s home state of Texas, that don’t levy income taxes. Those states have far outperformed high-income-tax states on every measure of economic success. Now Oklahoma is poised to fully repeal its income tax and join the ranks of non-income-tax states. While Oklahoma is already a relatively business-friendly, low-tax state, income-tax repeal would launch it into the top tier of the most economically competitive states and the best places to live and work.

Read the rest at National Review Online.

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