The Federal Reserve raised interest rates a quarter of a point on Wednesday for only the second time in a decade, and with an improved economic outlook, rates are now predicted to rise three times in 2017.
Last week Democrats in the State Capitol killed a bill by conservative Assemblyman Brian Jones (R-Santee) that would have exempted Olympic medal winners from paying state taxes on their winnings.
Financial analyst and Fox News contributor Gary Kaltbaum was not impressed with Federal Reserve chairwoman Janet Yellen’s congressional testimony this week.
Carly Fiorina recommended five steps to reduce the size of government and “really get this economy going again”: zero-based budgeting, instead of giving government agencies automatic spending increases every year; passing the Raines Act to shift power away from unaccountable bureaucrats to Congress; holding a top-to-bottom review of all regulations so we can roll many of them back; holding government officials accountable for their performance; and reforming the tax code.
Trump’s unveiling of the tax plan was a tremendous performance. Part of the secret to his success is that he sounds like what many people imagine they would sound like, given a megaphone to shout their discontent into the faces of the U.S. political establishment. That’s why Trump’s popularity doesn’t seem to take much of a hit when he gets rough with likable competitors, such as Senator Marco Rubio, who he dismissed as something akin to a hapless child during his press conference on Monday.
Billionaire Donald Trump, current GOP primary frontrunner, laid out the beginnings of his tax plan for if he’s elected President of the United States on 60 Minutes on CBS News with Scott Pelley on Sunday evening.
Republican presidential candidate Carly Fiorina stated that the tax code needs to be cut down “to about 3 pages” and in order do that “we’re going to lower every rate, and close every loophole” on Thursday’s “Sean Hannity Show.” Fiorina
Not bad for the Clintons, a couple that produces nothing, adds nothing to the economy, and gets all of their money based solely on political connections. Many of us are old enough to remember when liberals were very, very upset at the thought of rich people running for President – three years ago, to be exact.
Paul—who’s wearing jeans and a collar-less tee-shirt emblazoned with “DETROIT REPUBLICAN”—kills the tax code three different ways: He lights it on fire, chops it up with a chainsaw and throws it in the wood chipper. Paul kills the tax code on camera in the different ways as a metallic rock-style guitar plays the national anthem. Paul rolled the video out on Fox News with anchor Bill Hemmer on Tuesday morning.
Today I proposed the most sweeping reform to the American tax code in over a century: an over two trillion dollar tax cut that lowers taxes for every American and eliminates the current seven tax bracket structure.
The Texas House and the Texas Senate haven’t yet come to an agreement on the best way to provide tax relief—but there’s a growing recognition in both chambers that tax reform is equally, if not more, important. Especially when it comes to property taxes.
With Wednesday marked as Tax Day, many GOP leaders are taking the opportunity to call for tax reform and a fairer tax for all Americans.
Sen. Marco Rubio (R-FL), a GOP 2016 presidential candidate, joined Sen. Mike Lee (R-UT) to discuss their new tax reform plan at The Heritage Foundation.
The Texas Senate has passed a package of bills that would enact substantive changes to the state’s franchise tax. Not a single bill related to franchise tax reform has received a public committee hearing in the Texas House.
AUSTIN, Texas — State Senator Dr. Charles Schwertner (R-Georgetown) sent an open letter on Tuesday to a group of business associations, challenging their opposition to SB 8, the Small Business Tax Relief Act. The bill was filed by Schwertner filed in February. The letter acknowledges the contribution that big businesses make to the Texas economy, but accuses them of neglecting the state’s small businesses in favor of protecting the interests of powerful big businesses.
Texas State Senator Brandon Creighton (R-Conroe) told Breitbart Texas he expects franchise tax relief bills to pass in the Senate. Multiple bills proposing changes to Texas’ franchise tax have been filed in both chambers of the Texas Legislature, and multiple elected officials have told Breitbart Texas that they are hopeful that the 84th Legislative Session will see substantive changes to the tax, ultimately resulting in it being abolished. Creighton spoke to Breitbart Texas about a package of four bills that he had filed.
White House Press Secretary Josh Earnest said the White House was “very interested” in taking executive action to change the tax code during Monday’s Press Briefing Earnest was asked about suggestions by Senator Bernie Sanders (I-VT) that the White House
Despite its many advantages, the American corporate business model is slowly and painfully dying, and with it, a tremendous potential for future economic growth.
Texas Republicans and Democrats found some common ground recently on a difficult issue plaguing every homeowner and business in the state: sky-high property taxes.
Texas State Senator Charles Perry (R-Lubbock) announced this week that he had filed several bills for consideration during this legislative session that were in response to feedback he had received from constituents in his district, a mostly rural area containing Lubbock and San Angelo. The new bills are the latest among the ones that Perry has filed to address specific needs of his district.
One of the most basic laws of economics is that if you tax something, you get less of it. So why is business-loving Texas one of the few states that imposes a damaging tax on business revenue?
The Obama administration’s relentless efforts to punish the American people for defying its wishes continue, as the Internal Revenue Service throws a massive temper tantrum about “budget cuts” and tells terrified Obamacare victims they’re on their own this tax season.
