Taxes Legislative Alerts
Today Americans for Prosperity is leading a huge coalition of 88 organizations to express strong opposition to extending the federal Wind Production Tax Credit.
The Senate Finance Committee recently passed a measure that would renew and dramatically expand several targeted tax credits for renewable energy, including wind power.
In January 2013, the nation faces the prospect of more than $495 billion in tax hikes. This impact would blunt the already historically slow economic recovery. Thankfully, Congress has an opportunity to stop the nation from going over the cliff. Check out the infographic in this post...
On October 11, Thomas Barthold, chief of staff of the Joint Committee on Taxation (JCT) sent a letter to Senators Max Baucus and Orrin Hatch. The letter detailed a hypothetical tax policy experiment that Barthold designed in which a number of tax credits and deductions were eliminated along with simultaneous decreases in the personal income rates.
AFP is strongly opposed to proposals to shift taxing authority to the SSUTA because these proposals have serious logistical, economic and constitutional flaws.
As the nation gets draws nearer to the fiscal cliff, House Budget Committee ranking member Chris Van Hollen (D-Md.) just reintroduced his proposal to stop the $109 billion in planned spending cuts (known as the sequester) reached under the Budget Control Act last summer. In traditional tax-and-spend liberal fashion, it’s heavy on tax hikes and [...]