Taxes

Left-wing politicians who demand higher taxes on the rich argue that the United States has, in the past, prospered when tax rates were very high, proving that high taxes do not harm the economy. And it is true: In the 1950s and early…

by Suzanne Downing   During his State of the Union address, President Joe Biden showed that when it comes to taxes, he is playing a “game of yards,” because companies, in his view, simply make too much money. In his “Finish the Job”…

Republican Florida Sen. Rick Scott released an ad to air in Florida Wednesday calling on President Joe Biden to resign, just ahead of the president’s visit to the state. The ad, tweeted Tuesday night, accuses Biden of cheating on…

by Andrew Wilford   It’s an old aphorism that if you tax something, you get less of it. Seven states are at risk of finding out exactly how that truism applies to wealth tax legislation introduced in each should their proposed taxes…

Each year, many American adults will attempt the extremely difficult feat of quitting smoking. Many of them will fail, but at least they try. This can’t be said for the states that are still collecting billions of dollars…

CNN  —  The Democratic-led House Ways and Means Committee said Tuesday it would release former President Donald Trump’s tax returns within days and asserted that the IRS…

The Ohio Supreme Court ruled Tuesday morning that revenue earned by NASCAR from selling the rights to broadcast stock car races and merchandise to Ohio fans is not subject to state business taxes. In a unanimous decision, the state…

Comment on this storyCommentOn Tuesday, President Biden signed the Inflation Reduction Act. While the measure represents a major legislative triumph for Democrats, it also revealed an allergy to taxation in the United States.The measure…

Comment on this storyComment“The mislabeled ‘Inflation Reduction Act’ will do nothing to bring the economy out of stagnation and recession, but it will raise billions of dollars in taxes on Americans making less than $400,000.”— Sen.…

Private equity investors were stunned last week when Sens. Joe Manchin and Chuck Schumer agreed to a giant reconciliation bill. Not only that Manchin got to yes on anything, but that he adopted very convoluted language on changing the…