Commentary The Biden administration has passed a 1 percent tax on stock buybacks. A stock buyback is when a public company uses its own cash to buy back its own stock. Sometimes it is financially in the best interest of the company to actually borrow money to buy back stock. Democrats dislike stock buybacks because…
Why Tax Stock Buybacks?
March 8, 2023
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Is the Fair Tax Fair?
Commentary Rep. Earl Carter (R-Ga.) introduced a new tax proposal called the “fair tax.” Predictably, Democrats politicized the proposal. Sen. Catherine Masto (D-Nev.), for example, posted a typically uninformed statement on Twitter: “On average, Nevadans are paying nearly $6 for a carton of eggs. If House Republicans passed their 30 percent national sales tax proposal, our families…
House Will Vote on Bill to Abolish IRS, Replace Income Tax
The Republican-led House of Representatives will soon vote on legislation to abolish the IRS and replace the income tax code with a national consumption tax. Rep. Buddy Carter (R-Ga.) will introduce the Fair Tax Act (pdf) on Wednesday, a bill that would eliminate income, death, gift, and payroll taxes and replace the system with a…
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