The Tax Policy Center (TPC) made headlines with its analysis of Governor Mitt Romney’s tax reform plan. The authors of the TPC report found, incorrectly as it turns out, that Romney’s plan would “necessitate” a tax increase on middle- and low-income taxpayers. Their conclusion is wrong and the report flawed …
The Congressional Research Service (CRS) set out to make a convincing case that lower income tax rates do not strengthen the economy. It failed, but in so doing, it called into question the quality of CRS analysis and the institution’s credibility as non-partisan. The CRS is supposed to provide expert, …
The Wall Street Journal reports that America’s uncompetitive corporate tax code is driving U.S. businesses to relocate their headquarters to other countries. One of the major reasons these businesses are fleeing our shores is taxes. Each of the countries the article cites as places where U.S. businesses have moved their …
The Congressional Budget Office (CBO) just released its latest concocted quarterly estimate on President Obama’s failed stimulus. CBO’s findings are as preposterous as its 11 previous studies of the stimulus, discussed here, here, and here. The story doesn’t change, because CBO’s faulty analysis doesn’t change. Each time CBO does an …
Check out and share our new infographic on the impact of Taxmageddon.
Taxmageddon, a one-year $494 billion tax increase, is coming on January 1, 2013. Reports of the economic destruction Taxmageddon would create are growing by the day, as is the number of respected economists, market shapers, and influential organizations warning Congress and President Obama to stop Taxmageddon to spare the economy …
A new study conducted by Ernst and Young proves conclusively that the President’s tax increase would be devastating to the economy and jobs. The study finds that, if Congress misguidedly adopted President Obama’s plan to raise taxes on job creators by allowing the Bush-era tax policies to expire for incomes …
With more than half the year gone, President Obama today finally broke his silence on Taxmageddon and thus brought a smoldering debate front and center. How? By continuing to push for raising taxes on the wealthy. President Obama and his allies had been perfectly content to continue to allow Taxmageddon …
The Democratic staff of the Joint Economic Committee (JEC) fabricated details about the
The uncertainty caused by Taxmageddon—the one-year $494 billion tax increase that looms on January 1, 2013—is strong enough to slow the economy months before it actually strikes. In fact, it is already doing so. Highly knowledgeable and highly influential market observers have been warning Congress of this for weeks. Their …
