High-tax states such as New York, California, and New Jersey are spending significant time and resources trying to concoct ways for their high-income residents to evade federal taxes.
Americans’ support for the recently signed Republican tax reform bill is soaring, growing nine percent in favorability since Christmas.
Once the IRS releases its 2018 tables that incorporate the changes from the Tax Cuts and Jobs Act, most workers will see either larger paychecks, or little change in them.
As the union-backed “Fight for $15” movement has sought to enact mandatory minimum-wage increases in states and localities across the country, tax reform seems to have spurred wage growth using a different approach.
One million Americans are getting pay increases because of the tax reform package signed into law in December, according to Americans for Tax Reform.
Memorable lines from the governor’s second address to the state suggest that he will once again oppose increases in taxes, fees and spending while promoting skilled jobs and affordable housing.
If policymakers are going to “make American great again,” then they need to get rid of those policies that are the very antithesis of American principles.
In general, an overwhelming majority of Americans’ will pay less in federal taxes. So how will you fare under the GOP tax plan?
Aside from the caterwauling on the left side of the House and predictions of our moon exploding and destroying all life on the planet because taxes might be cut, reform of one kind or another is inevitable. Why? Because it’s not really the revenue side of the equation that’s the bulk of the problem. It’s the spending.
Americans deserve to know the truth about the proposed tax reform packages. There are several myths going around about what the proposed plan would do. Here are a few of them, and why they’re wrong.
There is the general lesson to be learned that when you reduce the barriers (such as cost) to doing business, you get more activity that generates more revenue. And, when you increase those costs you get less of both.