Lowering the corporate income tax rate from 35 percent would not only increase the size of Gross Domestic Product (GDP) but also would add jobs and increase wages, according to calculations from the Tax Foundation.
Residents of 12 states–Arizona, Florida, Indiana, Kansas, Maryland, Michigan, Minnesota, Nebraska, New York, Ohio, Rhode Island, and Wisconsin–will have a happier 2015 thanks to lower tax bills, the Washington Times reported Monday.
It’s time to end the War on Corporations. A good place to start would be to stop lashing out at treasonous non-state actors like some kind of economic police force, and start addressing the root causes of this phenomenon. Ideally, we would also try to stamp out Corporate-phobia in America, an ugly sentiment that ignores the legitimate grievances of corporations, and in some cases drives them to engage in economic treason.
Anti-corporate hostility reached new heights this week following the announcement that Burger King was acquiring Canadian coffee chain Tim Hortons in order to relocate its headquarters to Canada for tax purposes, a process known as an “inversion.” The move comes a month after U.S. pharmaceutical company moved its headquarters to Ireland via inversion in order to enjoy a lower tax rate.
Federal tax credits meant to stimulate the economies of low-income communities have gone to dog day cares, sculptures, recording studios, and breweries, according to a report released by Sen. Tom Coburn (R., Okla.).
A majority of legislators in the House has signed on to support a bill that could repeal the estate tax—payments that Bill and Hillary Clinton have been trying to limit.
The governor of Kansas and tax reform advocates argued in favor of lowering tax burdens to stimulate state economies during a panel discussion at the Heritage Foundation on Thursday.
Conservative critics of Obamacare want to know how many people have actually purchased insurance through the president’s signature legislation following the glitch-ridden rollout of the Obamacare website last week.
A group of 17 conservative organizations wrote an open letter to members of the House of Representatives on Tuesday encouraging them to continue to try to delay the individual mandate.
Conservative groups on Monday criticized the comprehensive immigration reform bill making its way through the Senate, revealing divisions between conservative politicians and policy leaders on the issue.