Commentary It’s open enrollment season for Medicare. Local TV stations and cable networks are flooded with ads for various insurance supplements. They promise “free” dental care, free transportation to doctors, free drugs, free dentures, and lots of other free stuff. Paid spokespersons speak of “benefits” and “entitlements.” They say subscribers could receive as much as…
Cash for Kids, No Work Required
October 27, 2021
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Commentary Democrats used to be the party of working people. Now, they sneer at people who work hard. Democrats pushing to pass the Build Back Better bill want a single parent with two kids to be able to take home well over $31,000 in cash and noncash federal benefits a year, tax-free, without having to…
Democrats Unveil Plan to Tax Unrealized Capital Gains
Senate Democrats plan to reveal a revenue scheme for their multi-trillion dollar budget bill that would tax unrealized capital gains, a move targeted towards the richest of the ultra-wealthy. The measure would put taxes on unrealized capital gains, but would start at an extremely high threshold. To meet the threshold, an individual would need to…
Taxing America First
Commentary Back in early 2016, when Larry Kudlow and I suggested that then-presidential candidate Donald Trump propose a 20 percent business tax rate for U.S. companies (down from the highest in the world rate of 35 percent), he enthusiastically endorsed this “America First” policy—not because he loved corporate America but because he realized that as…
Republicans Push Back as Yellen Defends IRS Snooping Into Bank Accounts
October 14, 2021
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Secretary of the Treasury Janet Yellen defended Democrats’ plan to allow the Internal Revenue Service (IRS) to retrieve Americans’ personal information from their banks, a plan that Republicans have decried since news of it became public. Since the introduction of their reconciliation bill, Democrats have insisted that the bill will not add to the debt…
Japan PM Kishida Says Has No Plan to Alter Capital-Gains, Dividend Taxes
TOKYO—Japan’s new Prime Minister, Fumio Kishida, said on Sunday he won’t seek to change the country’s taxes on capital gains and dividends for now as he intends to pursue other steps for better wealth distribution, such as raising wages of medical workers. Kishida, who has vowed to rectify wealth disparities, had previously said reviewing those…
Blue State Families Would Get Far Bigger Child Tax Credit Savings Than Red States
October 6, 2021
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News Analysis Families in states carried by President Joe Biden in the 2020 presidential campaign would receive significantly higher savings under his proposed Child Tax Credit than those in states won by Donald Trump, according to data provided by the House Education and Labor Committee and analyzed by The Epoch Times. The committee issued an…
How to Prepare for Biden’s Tax Proposals
By Tom Wheelwright President Joe Biden’s long-proposed plans to increase the top income rate, capital gains, and corporate tax means that a well-thought-out strategy is more important than ever as we head into the end of the year. While not all of these proposals will be enacted, the best way to reduce their impact to…
Many Canadians Not Aware of True Cost of Health Care: Report
Many Canadians do not know the true cost of the country’s public health system, a new report says, noting health care in Canada is not “free” but paid for through the tax system. This knowledge gap is partly because Canadians don’t see the bills for the medical services they use, and partly because there is no…
Many Canadians Not Aware of True Cost of Health Care System: Report
Many Canadians do not know the true cost of the country’s public health system, a new report says, noting health care in Canada is not “free” but paid for through the tax system. This knowledge gap is partly because Canadians don’t see the bills for the medical services they use, and partly because there is no…
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