Tag Archives: taxes

Will Small Business Be Left Out of Tax Reform?

Dan Danner, President and CEO of the National Federation of Independent Business, wrote this open letter on the NFIB website: When examining the current U.S. tax code, two things are clear: It is unnecessarily complex, and it is unfair. Lawmakers now see that a high tax rate coupled with a wide disparity in tax bills between… Read More »

Federal Taxes Don’t Look Like You’d Think

By Charlie Arlinghaus at The Josiah Bartlett Center for Public Policy – As originally published in the New Hampshire Union Leader  Because the numbers are so large, most people don’t bother to look at federal taxes and end up making assumptions that are at odds with the actual numbers. Federal taxes and the federal budget are very different from… Read More »

‘Blank Slate’ Approach is a Good Step Toward Tax Reform

Here’s an interesting article by J.D. Foster from FreeEnterprise.com On the last workday of June Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) launched their “blank slate” approach to tax reform in what might be termed the Tax Reform Unofficial Summer Lobbyist and Lawyers Full Employment Act. The Senators sent a Dear Colleague announcing open… Read More »

Tax Reform And Fiscal Sanity

The following article first appeared in Business Horizon Quarterly, a publication of the U.S. Chamber of Commerce Foundation, and republished on the Free Enterprise web site. Federal policymakers have been consumed lately with various efforts—productive and foolish alike—to reduce the federal deficit and tame long-run debt projections. After the severe recession and a large amount of stimulus… Read More »

Obama Goes After Retirement Accounts

An interesting article from HumanEvents.com Yet another piece of rotted fruit spilling from the grim cornucopia of President Obama’s 2014 budget proposal is his summary judgement of how much other people can “fairly” keep in their retirement accounts, as reported by The Hill: President Obama’s budget, to be released next week, will limit how much wealthy… Read More »

Why We Need Tax Reform

An interesting article from FreeEnterprise.com. Most Americans associate April with filing their taxes, so this month I’ll be writing a series of posts that take a close look at the tax code and why we need to reform it. In this first post, I outline the U.S. Chamber’s tax reform principles. First, we need comprehensive… Read More »

The Fiscal Cliff Means Nothing Over the Long Term

This article is being written before a resolution to the “fiscal cliff” is announced for one simple reason. Regardless of the “resolution” to the short-term “cliff” issue, it is merely another patch on what appears to be a dismal future for individuals and business. To solve any problem you must have the desire, motivation, and… Read More »

IRS finalizes new tax for medical devices in healthcare law…

This little tax will impact everyone. The U.S. Internal Revenue Service last Wednesday released final rules for a new tax on medical devices, products ranging from surgical sutures to knee replacement implants, that starts next year as part of President Barack Obama’s 2010 healthcare law. Read more

IRS Announces Pension Plan Limitations and Other Inflation-Adjusted Amounts for 2013

A guest article from my friends at By E. Drew Cheney On October 18, 2012, the Internal Revenue Service issued IR-2012-77, a news release announcing the 2013 inflation adjustments affecting pension plans and other retirement-related items.  The following are among the more significant changes (and non-changes) for 2013: The elective deferral limit for employees who participate… Read More »

What Smart People Are Doing about Upcoming Tax Changes

by L. Joseph Comeau The U.S. government has been playing “kick the can” with our tax system for the past four years or so. The Bush tax cuts that dropped the top personal income tax rate and significantly reduced the tax on capital gains and dividends were scheduled to expire at the end of last year.… Read More »