With Christmas around the corner, tariffs could make holiday shopping a lot harder for millions of Americans. Concerned that America is getting a “bad deal” when it comes to trade, the President recently imposed metal tariffs on Argentina and Brazil while also threatening to do the same on a variety of French products. Yet, these […]
Taxation
Justice Served: NY Supreme Court Rejects NY AG’s Flimsy Case Against ExxonMobil
At the core of this case is a now notorious New York State law called the Martin Act. The Martin Act is a New York-specific statute that has recently found use as a political sledgehammer for the state attorney general. Originally passed by state lawmakers in 1921 as an anti-fraud measure to regulate the sale and […]
ACI Files on IRS Rulemaking
Today, ACI filed comments regarding the reporting requirements of exempt organizations. The filed comments are available here.
Liberty News Now: Streetcars are Just Another Example of City Budget Waste
Streetcars look rather pleasant, but clearly, they’re no longer a viable option for mass public transit. As cities like El Paso have demonstrated, streetcars take money away from the taxpayer’s wallet while providing no added value. If cities were really interested in revitalizing, they should allow commuters to partake in modern transit options. You can […]
The Hill: DC Should Reverse Course on Soda Taxes
Politicians seeking to punish consumers for buying sugary drinks have seized upon a convenient scapegoat, but they have ignored principles of sound tax policy. The D.C. Council should learn the lessons of the past. You can read this op-ed by visiting The Hill.
Journal Post: When Good Intentions Aren’t Enough
In 2016, Governor Jerry Brown (California) signed into law the $15 minimum wage, saying “Economically, minimum wages may not make sense” but, “morally and socially and politically, they (minimum wages) make every sense.” It’s been three years since then, and despite the American economy doing better than ever, new labor regulations are threatening to undo […]
Inside Sources: What Happens If the Credit Union’s Tax Exemption Gets Removed?
The push to end tax exemption and treat credit unions more like banks would not make the allocation of credit better, cheaper and more efficient. Instead, it would reduce competition and limit credit, affecting mostly the underserved population. You can read this op-ed at Inside Sources. What Happens If the Credit Unions’ Tax Exemption Gets […]
The Government Both Encourages and Discourages Soda Consumption
If you’ve ever thought it’s cheaper to eat unhealthy than healthy, you’re not wrong. In 2016, Philadelphia passed a soda tax to curb sugar consumption with D.C. passing similar law earlier this month. But lawmakers should know that soda taxes don’t work, as people find ways around them and does little to promote public health. […]
ACI Joins Coalition in Opposition to the Pelosi Drug Tax Pan
Today, ACI joined 70 other organizations in opposition to the prescription drug pricing bill offered by House Speaker Nancy Pelosi. The bill would impose excise taxes up to 95% on hundreds of prescription medicines. You can read the coalition letter online. 10-15-19 Coalition Letter Opposed to Pelosi Drug Tax Plan
Taxing Credit Unions Will Hurt Consumers
Earlier this year, Iowa State University published a study that found same-sex couples were more likely to be denied a mortgage than heterosexual couples. To address this discrepancy, the first credit union to serve the LGBTQ community was formed this year in Michigan. Yet, not everyone supports credit unions. The Florida Bankers Association have long […]