The debate over legalizing marijuana for recreational use in Pennsylvania is no longer asking if it should be done, but how to regulate it. The Pennsylvania Senate Law and Justice Committee on Monday completed its third and final public hearing studying the impact of implementing an adult-use marijuana law. Pennsylvania already allows the purchase of…
South Australian Treasurer Says Labor Promises Billions And Taxpayers Will Foot Bill
South Australian (SA) Treasurer Rob Lucas has called Labor’s policies in the lead-up to the March election a “reckless spending spree”, saying SA families and businesses would end up paying for it. According to Lucas, Labor Leader Peter Malinauskas has refused to disclose how he will pay for all the promises, which Lucas says have…
IRS Abandons Plans to Require Third-Party Facial Recognition
The Internal Revenue Service (IRS) will not use a third-party company to verify new accounts with facial recognition, the agency announced on Monday in a news release. The proposed move, which would have used the company ID.me, was criticized resoundingly by privacy advocates and some members of Congress, who say the technology is flawed and…
Taxes and Innovation in America
Commentary An old rule of thumb among policymakers and economists holds that the more the government taxes something, the less of it the economy gets. Recent research from Harvard University, the Harvard Business School, and the University of Chicago not only verifies this old saw, but it also puts some precise figures on it. The…
Citizens Continue to Exit High-Tax US States
Commentary If you’re still wondering why raising the cap on the State and Local Tax (SALT) deduction was important enough to Democrats to sacrifice their stated principles and resort to brazen gimmicks in order to fit it into the reconciliation bill, look no further than the latest release of the IRS’s tax migration data, covering tax years 2018-2019. The data shows that…
Build Back Better—Wasting Trillions
Commentary As Democrats regroup to try to pass their $2 trillion Build Back Better Act, pressure grows for shining the light of fiscal responsibility on all this. Given President Joe Biden’s crashing approval ratings, there is some hint that the American people smell a rat. One sign of the smell of that rat is the…
Study Reveals Spending Bill Would Raise Taxes on Middle Class, Despite Biden’s Promise
President Joe Biden’s Build Back Better spending plan would raise taxes on middle-class Americans, according to a study released Thursday, despite the president’s pledge that taxes would only increase for Americans earning $400,000 or more per year. The Tax Policy Center study instead revealed a significant percentage of middle-income households would pay increased taxes in…
Trick Spending Bills Are Voodoo Economics II
Commentary The annual “trick-or-treat” ritual is over. Not so the “tricks” perpetuated by congressional Democrats about their tax-and-spend ritual, and their phony numbers. Consider the latest spending measure cobbled together by the House Democratic leadership, or more accurately their staffs. It is 2,400 pages long, much longer than the longest book I ever read. I…
Experts Fear Biden’s Global Minimum 15 Percent Tax Rate on Big Corporations Could Harm Small Businesses
November 1, 2021
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Experts are concerned that President Joe Biden’s new global minimum tax rate of 15 percent on large multinational business will harm the small businesses that support them. Treasury Secretary Janet Yellen confirmed on Saturday that leaders of the world’s 20 biggest economies (G-20) have endorsed the “historic agreement” on new international tax rules, including a global…
San Diego County to Implement 4-Cent-Per-Mile Tax
The San Diego Association of Governments’ (SANDAG) board of directors approved Oct. 29 a four-cent-per-mile tax proposal that could impact every driver in San Diego County by 2030. The proposed mileage tax is intended to supplement and eventually replace gas taxes, which have dropped considerably as gas mileage has increased and hybrid and electric cars…
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