Twenty-one nonprofit groups submitted a letter to members of Congress asking them to be mindful of using a competitive bidding process when considering appropriations and legislation related to revitalizing the Nation’s aging infrastructure. By one estimate, open competition rules would save the federal government hundreds of billions of dollars. The coalition letter is available online.
The Border Adjustment on corporate federal taxes is part of a large proposed revamp to the tax code. The purpose of the package is to stimulate US production and exports, increase employment within US goods-producing industries, and come closer to a balance of federal revenues and expenditures. The overall tax package will shift the emphasis […]
Despite the U.S. Postal Service’s positive outlook surrounding its last quarterly financial report, the stark reality remains that the agency’s losses continue – this time with $562 million in the red. By touting the gains in “controllable income” the USPS presents an incomplete and misleading perspective of the full costs that it incurs to bring its […]
Today, a large group of nonprofit and taxpayer advocates submitted a letter to members of Congress urging them to promote the availability of private flood insurance as an alternative to the National Flood Insurance Program (NFIP). The current government program is $25 billion in the red. Allowing the private sector to provide these services to […]
At first glance, President Trump’s tax-cut plan has merit. It proposes lowering corporate and individual tax rates to stimulate economic growth. The plan calls for repatriating income held overseas by U.S. corporations, which will bring an influx of trillions of dollars of new capital into the country. In addition, the plan may allow businesses to […]
The Taxpayers Protection Alliance hosted a Capitol Hill briefing on Postal reform. The panel included Steve Pociask (The American Consumer Institute), Justin Sykes (Americans for Tax Reform), Kevin Kosar (R Street Institute), and George Landrith (Frontiers of Freedom). Currently, the Postal Service is falling far short of its Congressional objectives, is not meeting any of its on time mail […]
Across the country, electric car buyers are benefiting from generous tax subsidies. These include up to $7,500 in federal tax credits and thousands of dollars more in state tax credits, not to mention various initiatives to subsidize home, business, and public recharging stations. However, recent moves in several states to end electric vehicle subsidies and […]
American businesses make and sell products here in the US as well as in foreign countries. When a firm sells its goods in the US, income taxes will be imposed on the net profit. When a US firm sells its goods in a foreign country, foreign income taxes will be imposed on the net profit […]
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.