A letter was sent to Congress in support of full expensing of business investments as part of tax reform. The letter is available here — http://www.theamericanconsumer.org/wp-content/uploads/2017/02/Coalition-letter-in-support-of-full-business-expensing-and-advertising-deduction.pdf.
By installing the mail monopoly, the government never intended for consumers to foot the bill for massive debts through disingenuous price hikes – or potentially a taxpayer bailout. But unless things change, that’s exactly what they’ll continue to get. To read the op-ed, visit FORBES.
Despite today’s nominal unemployment rate of 4.6%, median wages rose at an annual compound rate of just 1.4% between May 2008 and May 2015. In that same period, GDP grew by a compounded rate of 3.5%, partly because the period started with in a 6% growth hole. Most workers know that they have spent almost […]
Most consumers like meaningful, well-paying jobs and lower tax rates. Those end results are typical of what our political candidates promise, but those results are not the automatic result of an election victory. They depend on implementing the right policies. In the recent election, one piece of a tax proposal for businesses was a “border […]
Freedom Caucus, an affiliation of conservative U.S. Representatives has released a list of regulations and executive orders that merit immediate repeal when Donald Trump becomes President. It did not err by suggesting that federal laws should be repealed by executive order. The list covers 226 rules issued by many departments and agencies. In a list […]
The Presidential election is over but we are still subjected to misinformation about US jobs being taken offshore. The straight truth is that some US jobs were lost due to lower wages for foreign labor, but a larger portion of US manufacturing jobs lost were lost due to automation and productivity here in the US. […]
Many people on the Hill and in the voting public are annoyed with sanctuary cities’ refusal to enforce laws that require the transferring of apprehended suspects and felons to the federal jurisdiction. This is especially true for convicted criminals who are also undocumented aliens. The elected representatives of sanctuary cities are striking this vaguely stylish […]
The latest bad news in consumer taxes is suitably framed against a backdrop of by terrorist and hacker disruptions and by disappointments from automobile recalls, excessive drug prices and the chronic bickering over how to increase income taxes. During 2016, governments decided again to impose higher taxes on our innocent and productive uses of wireless […]
Today, the House Government Oversight Committee will be marking up a bill introduced by Chairman, Jason Chaffetz and the committee’s Ranking Member, Elijah Cummings that would provide an outsized bailout to the United States Postal Service on the backs of postal consumers. Since 2007, the U.S. Postal Service has generated $56.8 billion in financial losses […]
With both houses passing the “Puerto Rico Oversight, Management, and Economic Stability Act” (PROMESA), its up to the President to sign the bill and he likely will. While PROMESA may be well-intended, it sends the wrong messages to both public officials, private markets and consumers. For more than a decade, the Commonwealth has covered its […]