Sticking Taxpayers With a Multi-Billion Dollar Pension Bailout
The fine details of the $1.9 trillion American Rescue Plan are still coming to light, and among them is an old Washington, D.C. standby: a bailout. This wasn’t your run-on-the-mill…
Biden Administration Seeks to Weaponize Death Taxes
The Biden administration has made it abundantly clear it intends to raise taxes to pay for at least a portion on its proposed $6 trillion in new government spending. The…
Joe Biden’s Fibbing on Tax Hikes
President Joe Biden has repeatedly said none of his tax hike proposals will affect anyone earning less than $400,000 a year. But it turns out that often-repeated promise comes with…
Biden Capital Gains Tax Would be Biggest Since the 1920s
The White House proposal to raise the capital gains tax is being framed as a way to get the idle rich to pay their fair share of taxes in support…
Biden Proposes $80 Billion for IRS Enforcement and Collection
In his quest to find pots of new money to fund a massive expansion of government, President Biden is proposing to pour $80 billion in the IRS to help the…
Biden’s Tax Promises are ‘Bunk’
President Joe Biden has proposed a corporate hike to fund a portion of his infrastructure/jobs bill. The thinking is rather simple, and we can see it in the talking points:…
Biden Readies ‘Largest Tax Hike in Generations’
President Joe Biden intends to go big – very big – in his infrastructure spending proposal. But to help pay for the estimated $4 trillion in new spending Biden wants,…
GOP House Members Propose Ban on State ‘Exit Taxes’
A group of House Republicans is backing legislation that would prevent states from imposing so-called “exit taxes” on residents who vote with their feet and establish a new, permanent residence…
Washington State Lawmakers Propose a 1000% Tax Hike on Tobacco-Related Businesses
Governments have long relied on so-called “sin taxes” to help balance the books. These taxes, imposed on items like alcohol, tobacco, gaming, and other items, are frequently raised when the…
Report: IRS Moves Tax Filing Deadline to May 17
The Internal Revenue Service is moving the tax filing deadline from the traditional April 15 to May 17. The move comes as the agency is still struggling to process returns…
