America Doesn’t Need Another Tax Hike
America / Economy / Fiscal policy / Tax / Taxes / U.S. Domestic Policy

America Doesn’t Need Another Tax Hike

Hillary Clinton is not the only feature of Washington that is “dead broke”: the Highway Trust Fund is set to run out of money by late August, and members of Congress are scrambling to find ways to raise revenue. One solution, proposed by Senators Chris Murphy (D-Conn.) and Bob Corker (R-Tenn.), is to raise the … Continue reading

Playing Politics With America’s Retirement
Economy / Fiscal policy / Social Security / Tax / Taxes

Playing Politics With America’s Retirement

Social Security is both the largest program in the federal budget and one of the most fiscally unsustainable.  The program has already begun paying out more in benefits than it is taking in through payroll taxes.  By 2033, the Social Security Trust Fund will be drained and the benefits paid out will decline by 25 … Continue reading

Corporate Tax Reform: No Longer Revenue-Neutral
America / Economy / Politics / Tax

Corporate Tax Reform: No Longer Revenue-Neutral

Last Tuesday, President Obama delivered a speech in Chattanooga, Tennessee, outlining his long awaited corporate tax reform. The speech called for a revenue-neutral corporate tax reform that lowers the top corporate tax from 35% to 28% for the majority of businesses. Manufacturers’ tax rate will top-out at 25%. President Obama made a statement that the … Continue reading

The Farm Bill: Convenient Coalition or Market Manipulation?
America / Fiscal policy / Tax / U.S. Senate

The Farm Bill: Convenient Coalition or Market Manipulation?

In early June, a coalition of urban and rural politicians in the Senate banded together to pass the Farm bill, a legislative piece that distributes welfare benefits to an unlikely pair: wealthy agro-businesses and the inner-city poor. Although widely popular among constituents, a common sense look at the bill reveals serious flaws. The Senate’s version … Continue reading

‘Well, at least we’ll have company’ The IRS becomes the latest regulatory agency to spotlight the need for reform.
Regulation / Tax

‘Well, at least we’ll have company’ The IRS becomes the latest regulatory agency to spotlight the need for reform.

It’s been a tough May for Federal Agencies. Amid a backdrop of scrutiny over potential regulatory missteps in the Texas fertilizer plant explosion, accusations of document concealment at the Environmental Protection Agency, and lengthy congressional hearings into State Department action in the aftermath of the Benghazi terror attacks, the Internal Revenue Service (IRS) finished this … Continue reading

Debt / Economy / Healthcare / Medicaid / Medicare / Tax

The President’s Budget Proposal Clashes with Health Care Priorities

The White House finally released the President’s FY 2014 budget proposal last week. Not only has it garnered the media’s attention due to the fact that President failed to keep his deadline (more than two months late) but also both the Democrats and Republicans are equally unsatisfied with the President’s proposal. Here are some key … Continue reading

Scrap the Medical Device Tax
Economy / Healthcare / Medical Device Tax / Tax

Scrap the Medical Device Tax

On March 19th-21st, the Subcommittees on Communications and Technology, Health, and Oversight and Investigations under the Energy and Commerce Committee conducted a series of hearings to evaluate the role of technology in healthcare and to examine the potentially harmful federal regulations impacting patient safety and innovation. Following the hearing series on March 21st, the Senate … Continue reading

Taxing Your Soda and Pop
America / Healthcare / Politics / Regulation / Tax / Taxes

Taxing Your Soda and Pop

What are your thoughts about a federal tax on sugary drinks (ie. Soda, energy, and sports drinks)? The Field Poll, a non-partisan media-sponsored public opinion news service, found an interesting result in their survey of Californians’ views on the tax on sugary drinks. Approximately 40 percent of California residents voted in support of a soda … Continue reading