Rubio and Lee Offer a Promising Path Forward on Tax Reform

It has been 29 years since the last major tax reform package was enacted, during which time the size of the U.S. tax code has more than doubled, the corporate tax rate has become the highest in the industrialized world, and the amount of credits, loopholes and deductions has increased by 44 percent. And yet…
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Dave Camp Passes the Mantle of Tax Reform

Americans have been looking so hard and so long for any hints of economic normalcy that we’re beginning to forget just how good we once had it. George Will writes in National Review: The euphoria occasioned by the economy adding 321,000 jobs in November indicates that we have defined success down. In the 1960s, there…
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Job Growth is Happening. Wage Growth Isn’t. Here’s How to Fix It

GBP@cker1983!   The Social Security Administration—an agency whose publications usually make for good bedtime reading—issued a loud and clear wake up call to Americans. Here’s a description of the findings courtesy of Michael Snyder at ZeroHedge: The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50…
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Lean, Clean and Pro-Growth – A Model Tax Plan for the Next Generation of Government

Factory output is rising. Builders are ramping up spending on construction projects. Exports are increasing, leading to narrowing trade deficits. Housing starts are trending upwards. Retail sales are increasing. And Manufacturers’ and trade inventories are falling. For the economists among us, all of those are signs that the economy is improving. And yet polls show…
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Obama’s Recycled Reforms Are Taxing Our Patience

Presidents, first and foremost, are leaders. They are intellectual leaders who guide the country down new paths. They are military leaders who guide the nation’s men and women into armed conflict. They are political leaders, who use their clout and power to reshape the partisan landscape. But most of all, they are leaders of men,…
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Harry Reid Trying to Kill Bipartisan Tax Reform Talks Before They Even Start

Senate Finance Committee Chairman, Max Baucus, a reserved Montana Democrat, is once again finding himself in a pickle. He’s an ardent supporter of reforming the tax code, and has even gone on record to say it’s a “once in a generation opportunity.” But he’s caught between a personal desire to get something done and a…
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Baby Carrots and Big Sticks – The Failure of Obama's Tax Plan

When it comes to collecting taxes the government’s options can be broken down as carrots and sticks. Carrots are pursuing reforms that encourage more people to drop tax avoidance schemes and pay the tax. Sticks are trying to implement penalties to try and make people pay a tax. In his latest tax plan, released yesterday,…
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The American Economy Deserves Better than Current Regulatory and Tax Policies

A friend and I were talking today about just how difficult it will be to explain current memes to future generations. By and large this is a problem that past generations really didn’t have to deal with. Sure the 1920s may have a hard time explaining their love of mah-jongg, the 50s would need to…
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