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Taxes Legislative Alerts
By Casey Given American workers were shocked to see their paycheck last month, with the federal payroll tax rising to its previous rate of 6.2%. Just when income-earners could have used relief to survive these tough economic times, Washington leaves them with less to support themselves and their families. This negative effect of taxation ripples [...]
By Jason Hughey In 2008, President Obama promised us “hope and change.” He proceeded to intervene in the economy in ways remarkably similar to past presidents. Now, in 2013, President Obama promises to move us “forward” with more drastic and flawed interventions. To put it simply, by taking up the mantle of economic intervention, President [...]
President Obama is misguided and disingenuous with his plan to reduce the deficit. During a recent interview, he told the American people that there is “no doubt” that the government needs more revenue to reduce the deficit. The President very carefully avoided talking about where this new revenue might come from and instead vaguely suggested that it may come from eliminating unspecified tax “loopholes and deductions.” Obama likes to pay lip service to reducing the deficit, but has yet to do or propose any meaningful action that would accomplish that goal. He has offered no specifics on where the government would get this money, he already raised taxes in the fiscal cliff bill, and his premise is flat out wrong–the only way to meaningfully reduce the deficit is to cut spending.
By Jason Hughey Throughout the campaign season, President Obama promised he would be a president for the “middle class” as opposed to the “top 1%.” Part of this promise included giving the “middle class” a tax break. The immediate problem with this rhetoric is that it is divisive. It buys into the ugly notion that [...]
Congress extended the wind production tax credit in the fiscal cliff package. AFP has been a leader in opposing this handout for the wind industry.