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Taxes Legislative Alerts

AFP Joins Coalition in Encouraging Super Committee to Cut Wasteful Farm Subsidies

October 27, 2011 J

On Tuesday, Americans for Prosperity joined other prominent free-market organizations in urging the Joint Select Committee on Deficit Reduction (commonly referred to as the "Super Committee") to find federal spending cuts by paring back or eliminating billions of dollars in wasteful farm subsidy programs.

Americans for Prosperity's recent policy paper, "Cut Spending Now: Recommendations for the Joint Select Committee on Deficit Reduction," shows that the Committee could cut as much as $190 billion in farm subsidies that do little more than distort the free market, achieving more than 15 percent of the Committee's $1.2 trillion deficit reduction target by cutting these programs alone.

A PDF copy of the letter is available below.

Letter of Support: Foreign Earnings Reinvestment Act, S. 1671

October 12, 2011 J

Dear Senators Hagan and McCain,

On behalf of more than 1.8 million Americans for Prosperity (AFP) activists in all 50 states, I write to applaud your introduction of the Foreign Earnings Reinvestment Act, S. 1671. The bill reinstates temporarily reduced tax rates for companies repatriating earnings generated abroad. Such a policy has, in the past, encouraged a flood of reinvestment in the United States. Today it is a much-needed plan to stimulate job creation and inject as much as a trillion dollars of capital into the American economy, funds that would otherwise stay outside the country.

AFP Letter to the Hill Regarding Pending Free Trade Agreements

October 12, 2011 J

Dear Senators and Representatives,

As you know, both the House and the Senate will be voting on three pending free trade agreements (FTAs): one with Colombia (H.R. 3078), one with Panama (H.R. 3079), and one with South Korea (H.R. 3080). Thankfully, President Obama finally sent the agreements to Congress and is no longer blocking the economic benefits of free trade. The latter two have been pending since June 2007, the former since November 2006.

Letter of Support: Rep. Walsh’s Capital Gains Inflation Relief Act, H.R. 2945

October 05, 2011 J

Dear Representative Walsh,

On behalf of more than 1.8 million Americans for Prosperity activists in all 50 states, I commend you for introducing the Capital Gains Inflation Relief Act, H.R. 2945. By indexing the value of capital gains for inflation, your bill corrects a long-standing problem in our tax code that locks out capital investment and continues to hold back economic and employment recovery.

Letter of Support: Rep. Brady’s Repatriation Tax Holiday, H.R. 1834

July 20, 2011 J

Dear Representative Brady,

On behalf of more than 1.7 million Americans for Prosperity (AFP) activists in all 50 states, I write to applaud your introduction of the Freedom to Invest Act, H.R. 1834. The bill reinstates temporarily reduced tax rates for companies repatriating earnings generated abroad. Such a policy has, in the past, encouraged a flood of reinvestment here in the United States. Today it is a much-needed plan to stimulate job creation and inject as much as a trillion dollars of capital into the American economy, funds that would otherwise remain locked out of the country.

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