Kansas is on a roll this month, if by “on a roll,” you mean “wow, it seems like they come up with a new way to screw poor people every single day!” What are they doing now? Oh, just trying to get poor people to pay for all the tax cuts rich people have been enjoying for several years now. Show More Summary
Want to create some jobs? Then cut some taxes. But make sure you cut them for the right people.
How about using revenue from a carbon tax to help pay for corporate tax rate cuts? That’s the idea proposed yesterday by Rep. John Delaney (D-MD). His political calculation: Democrats would back the bill as a way to reduce carbon emissions and slow climate change. Republicans would support the plan to [...]
The convoy of bad ideas keeps rolling down the road: Senate Bill 700, which was recently introduced in the General Assembly, threatens nonprofit tax exemption in North Carolina. It would reduce the cap on sales tax refunds to $100,000 per year, down from the current $45 million. Show More Summary
WHEN GOVERNMENT IS IN A STATE OF WAR AGAINST THE CITIZENRY: House Report: IRS ‘Deliberately’ Cut Customer Service to Make Tax Season Painful for Taxpayers.
The economic good news continues. Until now, the Achilles’ heel of the recovery was weak tax revenue – in part deliberate, as Osborne’s tax cuts meant the thousands moving into… Continue reading The post At last, tax receipts are surging as Osborne’s recovery continues appeared first on Spectator Blogs.
House Ways & Means Committee Majority Staff Report, Doing Less With Less: IRS’s Spending Decisions Harm Taxpayers (Apr. 22, 2015): During the 2015 tax-filing season, the IRS provided what its own Commissioner described as “abysmal” customer service, blaming skyrocketing wait times for telephone and in-person assistance on agency budget cuts....
This is from a state that has a law making it illegal for poor people to go to swimming pools. Let’s say you’re the Governor of Kansas. The tax cuts for the rich you pushed through a couple years ago mean you’re in a world of budgetary hurt, and you’re not sure how you’re going to pay for basic expenses like roads and schools this year. Show More Summary
April 21--Chatham Area Transit officials said Tuesday the budget for the upcoming fiscal year, in addition to maintaining and operating the organization, is designed to cut back on the system's debt and achieve new priorities. During...Show More Summary
The IRS' overloaded phone system hung up on more than 8 million taxpayers this filing season as the agency cut millions of dollars from taxpayer services to help pay to enforce President Barack Obama's health law. Continue reading ? The post IRS dropped 8 million calls during tax filing season appeared first on PBS NewsHour.
Dating back to the 2014 campaign season when they were making political hay about “tax cuts for big oil” (they targeted Senator Lonnie Laffen in particular) North Dakota Democrats have invested themselves heavily in opposing any sort of tax reform benefitting the oil industry. When Republicans announced legislation to enact that sort of reform last week,...
The exact link between tax cuts and job growth has for years been a matter of fiery debate, from college economics departments to the chambers of Congress. Now, a working paper from the National Bureau of Economic Research could add some nuance to the dispute: Tax cuts do, in fact, boost employment...
We knew going into this tax season that budget cuts to the Internal Revenue Service would result in less help for taxpayers and a likely increase in taxpayer fraud and errors, but today IRS Commissioner John Koskinen detailed exactly how badly things went this year. In prepared testimony [PDF] before the House Ways & Means Committee this … [More]
Let’s say you’re the Governor of Kansas. The tax cuts for the rich you pushed through a couple years ago mean you’re in a world of budgetary hurt, and you’re not sure how you’re going to pay for basic expenses like roads and schools this year. What do you do? Repeal...
Even as the IRS is crying it doesn’t have enough money in its budget and is demanding more, new report has found that the tax agency diverted its budget to
It was a tough tax season for the Internal Revenue Service, but GOP lawmakers in Congress says the agency only has itself to blame. Last month, IRS commissioner John Koskinen said that years of budget cuts and staffing losses had led to “abysmal” customer service from his agency. But Republicans on the House Ways and […]
Production at Rio Tinto’s Murowa diamond mine in Zimbabwe fell 42 percent in the first quarter after a planned shutdown and a decision to cut output as it sought clarity on a new export tax, it said ||| PRODUCTION at Rio Tinto’s Murowa...Show More Summary
Three years ago, in Kansas: “Gov. Sam Brownback and his celebrity tax policy consultant, Arthur Laffer, said Tuesday that the income tax cuts Kansas lawmakers approved earlier this year will drive growth and make Kansas...
It turns out that tax cuts for the job creators...don’t create very many jobs. By contrast, tax cuts for low- and moderate-income households can boost economic growth. Those are the results of an interesting new working paper by Owen Zidar for the National Bureau of Economic Research. Zidar, an assistant economics [...]
When it comes to tax policy, the Bush family has one thing in common: They like to cut taxes on investors.