There has been a significant amount of discussion and disagreement about the rights held by corporations. Citizens United has equated individual speech and expression rights the speech rights of an individual with a “corporate identity.” Occupy Wall Street has demanded that corporations be striped of the rights of individuals, and the status as a “corporate … Continue reading
Category Archives: Tax
Lack of progess in 2011 means Americans must wait for reform
In last year’s State of the Union address, President Obama laid out a bold agenda and admitted to a politically divided Congress, “We will move forward together, or not at all.” On taxes and federal deficits (and too many other issues), time has shown the latter to be true. The President concocted a recipe for … Continue reading
Thinking Outside the Box: A Look at the UK’s “Patent Box” Proposal
The topic of corporate taxation abroad and at home continues to become more and more prominent as governments try to encourage innovation and growth but also balance out-of-control budgets. The UK has recently proposed an interesting tax break for innovation aimed at fostering growth and keeping new innovation within its borders. The Patent Box proposal … Continue reading
Better to Sequester
The CBO Financial Report for 2011 was released this week. It concludes substantially more reform is needed to address the current lack of fiscal discipline and the looming funding gap for mandatory spending programs as baby-boomers begin to retire in greater numbers. These are not new insights, and the recommendations for solving the deficit culture … Continue reading
IRS Workers Feeling Overtaxed
By Logan Albright Well, it’s finally happened. The tax code has become so arcane that even the IRS can no longer keep up with it. An article released Wednesday on Politico reports that the IRS is struggling to stay on top of an ever increasing workload—the result of a constantly changing and expanding tax code … Continue reading
Americans still lack confidence in economy & government
Gallup reported today that 66 percent of Americans cited some economic issue as the most important problem facing our country today.[1]Only 8 percent said the federal budget deficit or federal debt. Yet, these two issues are intrinsically linked. Exit polls in New Hampshire’s Republican primary yesterday showed that 6 in 10 voters viewed the economy … Continue reading
Tax the Rich! (or suggest they give)
One of the most heated debates in modern American politics centers on the budget. How much, and to which projects, money is spent is one thing. Where that money comes from is another. Running a country without resource limits would be easy. However, we know that this is not the case; most people are averse … Continue reading