In updated charts, how these 7 taxpayers’ bills will change with tax reform signed into law
In general, an overwhelming majority of Americans’ will pay less in federal taxes. So how will you fare under the GOP tax plan?
Campion: Tax plan, schmax plan — it’s the spending, stupid
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.
5 myths about tax reform, and why they’re wrong
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.
New Hampshire lowers taxes, raises revenue
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.
GOP tax bill will cause Democrat-run states to face reality
Democratic-controlled states are the ones most likely to get hit the hardest from the bill, but not because of the changes to the tax code but because of high tax rates and regulations the states’ legislators have imposed over the course of decades.
Roper: Vermont better start cutting taxes dramatically
Vermont’s personal income tax revenues are down $6.41 million below forecasts. We have to ask how can this be given that the national economy is booming with 3 percent or better growth for three straight quarters, the stock market is at record highs, and Vermont’s unemployment numbers are at record lows.
Bennington County panelists agree: Tax reform and business growth right focus for Vermont
At a public forum hosted by the Bennington County Republican Party last month, a bipartisan panel agreed that tax reform and the economy were the right focus for Vermont going into 2018.
In 1 chart, the differences between the passed Senate and House tax reform bills
The House and Senate have now each passed different versions of Tax Cuts and Jobs Act. The bills now head to a conference committee where a unified bill will be crafted. Here are some of the major differences you need to know about.
Fact Check: Are corporate profits at record highs, corporate taxes at record lows?
Democratic Sen. Dick Durbin claimed this week that “as a percentage of the gross domestic product, corporate profits in America have never been higher” and “corporate taxes paid have never been lower.” Is it true?
4 ways the Senate could ruin good tax reform
The Senate version of the Tax Cuts and Jobs Act has successfully passed both the Finance and Budget committees and is now on the Senate floor.
Budget trigger would slash tax cuts if economy doesn’t jump
The trigger mechanism would kick in if and when the tax reform bill, which provides steep cuts to individuals and businesses of all types, does not result in the level of economic growth predicted by optimistic supply-siders.
McClaughry: The California robot tax
The liberals in America’s most liberal city have hit upon a bold new idea to create or maintain jobs. City leaders want the voters to tax robot machinery to stop automation from replacing workers.