President Barack Obama presented a budget to Congress on Tuesday that if enacted would add nearly $10 trillion to the national debt, according to the White House’s projections.
Hillary Clinton’s proposed tax plan would raise taxes by $498 billion over the next decade and would reduce the economy’s size by 1 percent, according to analysis by the Tax Foundation.
President Barack Obama’s fiscal year 2016 budget would make permanent the Investment Tax Credit (ITC), a benefit used by Solyndra to build solar panels.
A Virginia Democrat has introduced a bill in the state legislature that would increase the per-pack cigarette tax by nearly 700 percent.
The Marketplace Fairness Act, an Internet sales tax proposal that Congress is expected to push by the end of the year, is the “single-biggest anti-taxpayer act in this Congress,” National Taxpayers Union president Pete Sepp said in a phone conference Thursday.
Rep. Rosa DeLauro (D., Conn.) is seeking a national soda tax, an effort backed by leaders of the movement to ban smoking indoors and others who call carbonated beverages “toxic.”