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    Morning Bell: How Taxmageddon Will Impact You

    “I’ve said that this is a make-or-break moment for the middle class, and I believe it,” President Obama told an Ohio crowd yesterday. Indeed it is—because in a sluggish economy, American taxpayers are about to be clobbered by the largest tax increase in history. Starting January 1, 2013, Americans will … More

    Obama's $10,000 Subsidies for Electric Cars Aren't So Popular

    President Barack Obama wants to see one million electric cars on the road by 2015, and he wants to spend more taxpayer dollars to make it happen. But if electric vehicles were economically competitive, they wouldn’t need the government’s help. It should be no surprise that, with the nation $15 … More

    What If Oil Producers Actually Received Subsidies Like Wind Energy Producers?

    With the current debate over ending oil producers’ subsidies the question arises as to what subsidies do the producers actually get.  It is a surprisingly complicated question.  Wind producers also get subsidies that take complex forms—investment tax credits, production tax credits, mandates, property tax exemptions, etc.  But the major federal … More

    Tax-Credit-for-Hire: Another Failed Stimulus Policy in the Pipeline

    As President Obama continues campaigning for yet another round of stimulus it appears now that even democrats are beginning to question the soundness of this strategy.  This new focus includes a $5,000 tax credit—among other items— for any business that hires a new worker—effective the year the legislation is passed. … More

    Indiana Scores School Choice Victory

    Yesterday, state lawmakers in Indiana passed a scholarship tax credit program—making the Hoosier state the latest to offer private school choice. Under the plan, people or corporations who make donations to non-profits that award tuition scholarships will be eligible for a 50-percent tax credit off their state bill. A total … More

    New Tax Credit for Homebuyers Unnecessary

    Senator Johnny Isakson (R-GA) reintroduced his plan today to create a $15,000 tax credit for homebuyers purchasing primary residences. The goal of the plan is to jumpstart the depressed real estate market. But as we pointed out last year when Senator Isakson introduced a similar bill, it will not work … More