Search Results for: wealth tax – Page 2
Blog
Don’t Spend Your Gas Tax Rebate Yet . . .
Not much progress has been made in the effort to enact a gas tax rebate or gas tax holiday since lawmakers and Gov. Newsom released competing proposals last month. Californians have been waiting for Sacramento to take action to provide relief from gas prices that, even though may have dipped ...
Blog
CA Lawmakers Proposed $236 Billion+ in New Taxes Despite Record Revenue
Despite taking in record state tax revenue over the past year, California lawmakers proposed more than $236.4 billion in new taxes and fees in 2021, finds the annual “Tax and Fee Report” just released by the California Tax Foundation. Over the past twelve months, lawmakers proposed 74 different tax and ...
Blog
Been There, Done That on “Making it Rain” in High Tax, Big Spending States
Been There, Done That on “Making it Rain” in High Tax, Big Spending States Democrats in Congress representing high tax, big spending states like California are pushing for restoration of the State and Local Tax (SALT) Deduction in the budget reconciliation bill. But restoring the full SALT Deduction would “make ...
Agriculture
Biden’s American Families Plan Poised to Harm Families through the Death Tax
President Biden’s American Families Plan promises expansive benefits to families such as free universal preschool, two years of free community college, child tax credits, and a paid family leave program amongst many other attractive (but expensive) initiatives. Unlike the recently passed and controversial $1 trillion infrastructure bill, the new benefits ...
Commentary
Obamacare subsidies offer welfare to the wealthy
This week, the House of Representatives will consider the $3.5 trillion budget resolution that passed the Senate earlier this month. The proposal includes a host of liberal goals, including permanently extending certain Obamacare subsidies that Congress had previously made more generous only through 2022. These subsidies are already enormously expensive. ...
Commentary
Medicare Expansion: A Gift to the Relatively Wealthy
President Joe Biden’s ambitious proposals to reduce Medicare’s eligibility age to 60 may not be the gift to older Americans that its supporters believe it to be. That’s the core finding of a new analysis from Avalere, a consultancy. The report concluded that lower-income adults would likely have to pay more for ...
Blog
Extra Time to File Doesn’t Mask Pain of California’s Huge State Tax Burden
California taxpayers – and all Americans were given a bit of breathing room this year when the IRS announced that this year’s tax deadline would be May 17th, instead of the usual April 15th. The extra month given us to pay and file our 2020 taxes doesn’t mean that Californians ...
Blog
Maybe It Won’t Be So Easy to Pass These Tax Hikes
Much of the political energy in Sacramento and Washington lately has focused on taxes. Speculation has focused on which taxes liberal politicians will raise, and by how much. While pundits are all but declaring it a fait accompli, two recent developments suggest it will be more difficult than first thought. ...
Business & Economics
National Interest Quotes Wayne Winegarden on Biden Tax Plan
Joe Biden’s Big Tax Plan: 98% of Americans Won’t Pay More By Rachel Bucchino President Joe Biden has made it clear that he’s going to raise taxes for the most wealthy Americans—specifically, those making more than $400,000—while also pledging that Americans earning less than that income threshold “won’t see one single penny ...
Blog
Would Massive Tax Hike “Actually Permanently End Homelessness”?
Sacramento might decide this year if it will hike corporate tax rates to raise up to $2.4 billion annually to fund homelessness programs. Would such an effort work? Not everyone is sold on it. First, some brief background. Assembly Bill 71, the Bring California Home Act, would increase tax rates, ...
Don’t Spend Your Gas Tax Rebate Yet . . .
Not much progress has been made in the effort to enact a gas tax rebate or gas tax holiday since lawmakers and Gov. Newsom released competing proposals last month. Californians have been waiting for Sacramento to take action to provide relief from gas prices that, even though may have dipped ...
CA Lawmakers Proposed $236 Billion+ in New Taxes Despite Record Revenue
Despite taking in record state tax revenue over the past year, California lawmakers proposed more than $236.4 billion in new taxes and fees in 2021, finds the annual “Tax and Fee Report” just released by the California Tax Foundation. Over the past twelve months, lawmakers proposed 74 different tax and ...
Been There, Done That on “Making it Rain” in High Tax, Big Spending States
Been There, Done That on “Making it Rain” in High Tax, Big Spending States Democrats in Congress representing high tax, big spending states like California are pushing for restoration of the State and Local Tax (SALT) Deduction in the budget reconciliation bill. But restoring the full SALT Deduction would “make ...
Biden’s American Families Plan Poised to Harm Families through the Death Tax
President Biden’s American Families Plan promises expansive benefits to families such as free universal preschool, two years of free community college, child tax credits, and a paid family leave program amongst many other attractive (but expensive) initiatives. Unlike the recently passed and controversial $1 trillion infrastructure bill, the new benefits ...
Obamacare subsidies offer welfare to the wealthy
This week, the House of Representatives will consider the $3.5 trillion budget resolution that passed the Senate earlier this month. The proposal includes a host of liberal goals, including permanently extending certain Obamacare subsidies that Congress had previously made more generous only through 2022. These subsidies are already enormously expensive. ...
Medicare Expansion: A Gift to the Relatively Wealthy
President Joe Biden’s ambitious proposals to reduce Medicare’s eligibility age to 60 may not be the gift to older Americans that its supporters believe it to be. That’s the core finding of a new analysis from Avalere, a consultancy. The report concluded that lower-income adults would likely have to pay more for ...
Extra Time to File Doesn’t Mask Pain of California’s Huge State Tax Burden
California taxpayers – and all Americans were given a bit of breathing room this year when the IRS announced that this year’s tax deadline would be May 17th, instead of the usual April 15th. The extra month given us to pay and file our 2020 taxes doesn’t mean that Californians ...
Maybe It Won’t Be So Easy to Pass These Tax Hikes
Much of the political energy in Sacramento and Washington lately has focused on taxes. Speculation has focused on which taxes liberal politicians will raise, and by how much. While pundits are all but declaring it a fait accompli, two recent developments suggest it will be more difficult than first thought. ...
National Interest Quotes Wayne Winegarden on Biden Tax Plan
Joe Biden’s Big Tax Plan: 98% of Americans Won’t Pay More By Rachel Bucchino President Joe Biden has made it clear that he’s going to raise taxes for the most wealthy Americans—specifically, those making more than $400,000—while also pledging that Americans earning less than that income threshold “won’t see one single penny ...
Would Massive Tax Hike “Actually Permanently End Homelessness”?
Sacramento might decide this year if it will hike corporate tax rates to raise up to $2.4 billion annually to fund homelessness programs. Would such an effort work? Not everyone is sold on it. First, some brief background. Assembly Bill 71, the Bring California Home Act, would increase tax rates, ...
