The top four polling Republican candidates for Pennsylvania governor met on April 27 in the Harrisburg studio of WHTM TV for a debate broadcast statewide. Nextstar Media Group, which sponsored the debate, only invited candidates who received at least five percent in either of the past two Nexstar or Emerson College polls. Participants were Lou…
Pennsylvania’s Leading GOP Gubernatorial Candidates Meet in Statewide Debate
April 28, 2022
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What Not to Do With Your Tax Refund
Tax time: that interesting time of year when ordinarily smart people begin to make really dumb financial decisions. Isn’t it amazing to watch what a little extra cash, otherwise known as a tax refund, lining the pockets can do? Random online polls suggest that 61 percent of U.S. taxpayers expect that this year, they’ll receive…
As Tax Deadline Arrives, IRS Still Has Millions of Unprocessed Returns From Last Year
The last weekend for Americans to file their taxes before the Monday deadline is here, but the Internal Revenue Service still faces major backlogs for individual and business filings. IRS Commissioner Charles Rettig testified before Congress last month, promising to clear through the 20 million unprocessed 2021 tax returns by the end of 2022. He…
Watchdog Says Biden’s Budget Pushes ‘Taxpayer Burden’ to $919K Each
April 14, 2022
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When President Joe Biden submitted his $5.8 trillion Fiscal Year 2023 budget request to Congress in late March, Truth In Accounting’s (TIA) 12th annual “financial state of the union” report was just three weeks old. But after reading Biden’s 149-page proposed budget, TIA founder and CEO Sheila Weinberg quickly realized her group’s 2022 Financial State…
Watchdog Says Biden’s Budget Pushes ‘Taxpayer Burden’ to $919,000 Each
April 14, 2022
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When President Joe Biden submitted his $5.8 trillion Fiscal Year 2023 budget request to Congress in late March, Truth In Accounting’s (TIA) 12th annual “financial state of the union” report was just three weeks old. But after reading Biden’s 149-page proposed budget, TIA founder and CEO Sheila Weinberg quickly realized her group’s 2022 Financial State…
Biden’s Impossible Tax Increase
Commentary I am writing this on April Fool’s Day. That may be the perfect day to try to explain how impossible, and indeed foolish, the newest Joe Biden tax proposal is. President Biden is proposing a tax on wealth appreciation for people above a certain level of wealth. In that group, if you have a…
‘Billionaire Tax’ Expands Taxable Income, Should Be Dead on Revival Say Critics
March 30, 2022
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President Joe Biden’s proposed “billionaire tax” may sound good to many voters, but it is fraught with vagaries that could redefine—and expand—the nation’s tax code, according to first-look analyses across a range of publications and sites, from The Wall Street Journal to the Heritage Foundation. The tax proposal was included within Biden’s $5.8 billion Fiscal…
California Taxes Aren’t Going Up—This Year
March 25, 2022
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Commentary If you look at California tax increases by the state legislature, they almost always occur in even years, when there are no elections except for vacant seats. However, the $5 billion yearly gas tax increase was imposed in 2017. And Gov. Arnold Schwarzenegger’s record $13 billion tax increase hit in 2009. That’s why this…
‘Read the Bill’ Petition Calls on Congress to Wait 72 Hours Before Adopting Spending Bills
March 22, 2022
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It took five months for the $1.5 trillion federal appropriations bill to surface after the United States’ fiscal year began Oct. 1, but only hours for the U.S. House—and less than a day for the U.S. Senate—to adopt it on March 9 and 10. The massive omnibus package is a continuing resolution, not a budget,…
Social Security: Whistling Past the $96 Trillion Graveyard
March 22, 2022
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Commentary Social Security has a problem. As Democrats push to expand entitlements to include free preschool and subsidized child care, little attention is getting paid to the fact that Social Security is a financial trainwreck. “The program’s payouts have exceeded revenue since 2010, but the recent past is nowhere near as grim as the future. According to…
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