President Joe Biden’s recent affinity for ‘big government’ is no secret. Between funding social justice workshops for artists and ringfencing parts of the Pacific to save the whales, President Biden is putting the federal government into overdrive and overdraft to advance his agenda. But the cost of these ambitions may be much higher than the […]
Taxation
Coalition Urges Congress Not to Expand Spending into Wasteful and Ineffective Housing Programs
Housing affordability is an immediate, everyday concern for millions of Americans nationwide, particularly for those who choose to live in densely populated urban areas. However, the issue of affordable housing stems from government-manufactured restrictions on supply, fees, restrictive zoning, and other government-imposed burdens. Before considering a major expansion of the housing choice voucher program, we […]
The Hill: Taxing Climate Change
As environmental catastrophes, like storms and earthquakes, appear more frequent, the ability of consumers to protect themselves from significant financial losses is more paramount than ever. But as American consumers, as well as state and local governments, prepare to cope with climate change, things will soon be much more expensive for consumers, in part due to […]
Inside Sources: Proposed International Taxes Would Devastate Consumers
In January 2019, the Organization for Economic Co-operation and Development (OECD) announced its intention to move negotiations forward on the development of a new global minimum corporate tax rate. Under the proposed rule, OECD members would be required to tax corporations headquartered within their borders a specific minimum rate on profits made internationally. The OECD claims a minimum corporate tax […]
The Hill: Rich Nations Benefit, But Poor Suffer From Tax Scheme
As the Organization for Economic Co-operation and Development (OECD) works to reach a consensus on establishing a global minimum corporate tax rate, the administration is making its voice heard. Last month, the U.S. shook up global tax negotiations by proposing a hefty rate of 21 percent, a figure which is significantly higher than the 12.5 percent rate previously discussed at the […]
The Economic Standard: EV Subsidies are a Renewable Waste
As part of his recently released infrastructure plan, President Joe Biden has vowed to overhaul the American electric vehicle (EV) industry with $174 billion worth of spending. But in his rush to spread the cash around, President Biden appears to be doubling down on environmentally inefficient and socially regressive initiatives. Rather than wasting taxpayer money […]
Filed Testimony to the California Legislature: Don’t Price Regulate Food Deliver
Today, ACI, along with a coalition of policy groups, filed testimony with the California legislature in opposition to a bill that would institute price controls on restaurant food delivery services. The letter states that the establishment of a price control scheme for contracts between private third-party delivery platforms and restaurants (as proposed under AB 286) […]
Coalition Letter Calls for Pro-Growth Tax Policy
ACI and twenty-two other public policy organizations sent a letter to Capitol Hill calling for a number of tax relief measures that will aid in America’s economic recovery from the COVID-19 pandemic. We state that “pro-growth tax policy that boosts GDP, jobs, and wages should be a legislative priority at any time but has taken […]
ICYMI: US Postal Service Reform Could Offer USPS Enduring Fiscal Health
ICYMI: President and CEO of the American Consumer Institute (ACI) Steve Pociask recently opined in RealClearPolicy that the U.S. Postal Service needs reform in order to solve its ongoing financial problems. He optimistically notes that both Congress and leadership in agency recognize there is a problem and have expressed willingness to problem solve these issues, […]
Real Clear Energy: Unplug Tesla Tax on the Poor
Nonetheless, forcing lower income taxpayers and energy ratepayers to fund the rollout of EV charging stations constitutes a Tesla tax on the less-wealthy. When Marie Antoinette was told that the poor could not afford bread, she reportedly said to “let them eat cake.” For Americans who are struggling in the wake of the pandemic, House […]