24 million Americans — many of whom live in rural areas — don’t have access to high-speed, broadband internet in their homes. But a new study says that next generation wireless broadband, 5G, may be within reach for many rural Americans, if only state and local governments reduce fees that discourage private-sector investment. To read […]
The head of the Florida Bankers Association recently opined that credit unions aren’t paying enough in taxes. The comment was rich, considering that banks control 93% of financial depository institution assets. Deemed too big to fail, it was these very banks that turned their backs on consumers and small businesses during the last recession, while […]
Forty-seven groups sent a letter to the House of Representatives calling for all of the individual tax provisions from the “Tax Cuts and Jobs Act” to be made permanent. The coalition letter is available here.
Today, a coalition of over 40 state and national conservative and tax policy organizations urging Congress to pass pro-growth tax reform before the end of the year. In a letter sent to every member of Congress, the coalition emphasized the urgent need to pass legislation that will provide tax relief for middle-class families, spur job […]
The President’s outline for tax reform sketches the broad outline for lower corporate and individual rates and for closing loopholes. This reform is vital and would be a major economic stimulus. However, the plan lacks many details that will need to be decided. Repatriation of overseas profits back into the U.S. and the “expensing” of […]
The European Union (EU) is seeking an approach on business taxes that retains more of Internet firms’ earnings as taxes for itself. The EU has been spooked by foreign Internet companies’ selection of “tax homes” with especially low rates. Ireland has been a very popular choice of US high tech firms for reporting and paying […]
Today, a coalition of 45 nonprofit organizations sent a letter to the U.S. Senate urging the repeal of Obamacare taxes. The letter is available online.
Get used to hearing “trillion” – i.e., a million millions. Two decades ago, I heard a politician lament about government spending, “a million here, a million there, pretty soon you’re talking real money.” Today, Wall Street and Washington DC are awash in discussions of financial and economic factors that need measuring with a trillion dollar […]
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 […]
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 […]