WASHINGTON, D.C. — This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday. The IRS is warning that a resurgence of COVID-19 infections […]
Some people would have you believe cutting taxes reduces government revenue. However, as evidenced by the Tax Cuts and Jobs Act of 2017, individual and corporate tax rates were reduced, but federal revenues increased from […]
This week, Democrats settled on an area of apparent commonality: the desire to eat the rich. According to Treasury Secretary Janet Yellen, “Senator Wyden and the Senate Finance Committee … would impose a tax on […]
Back in early 2016, when Larry Kudlow and I suggested that then-presidential candidate Donald Trump propose a 20% business tax rate for U.S. companies (down from the highest in the world rate of 35%), he […]
This week, President Joe Biden attempted to inject life into his ailing presidency by dragging out of the closet the hoariest of political cliches: “fairness” in taxation. Touting his new $3.5 trillion tax and spending […]
WASHINGTON, D.C. — House Democrats began the serious work of trying to implement President Joe Biden’s expansive spending plan, but getting there will require remarkable legislative nimbleness, since Biden has said the revenue to pay […]
President Joe Biden describes his $3.5 trillion spending scheme as a way to improve the economy and “build back better.” The intention is a good one, but at its core, this plan isn’t so much […]
There are gimmicks, and then there are gimmicks. Some are relatively harmless and can be helpful when they grease enactment of bills with positive effects that outweigh them. There are others, however, that are so […]
RALEIGH — North Carolina now has one of the most broad-based and competitive tax structures for business in the United States, according to a recent Location Matters survey and newly released white paper from the Tax Foundation and KPMG LLP. The Location Matters study […]
© 2021 — North State Media LLC