Search Results for: wealth tax – Page 8
Business & Economics
Torts, taxes hinder Pennsylvania’s prosperity
Editor’s note: This is the fifth in a series of occasional commentaries on how Pennsylvania can turn around its economic fortunes. Wrongheaded economic development policies and one of the nation’s worst labor climates are serious impediments to Pennsylvania’s prosperity. As if those obstacles were not enough, the commonwealth also has ...
Business & Economics
Poizner says he’ll increase state revenue by cutting California’s tax rates
Despite projections that the next governor will inherit multibillion-dollar deficits, Republican gubernatorial candidate Steve Poizner on Tuesday promised to slash taxes on personal income, corporations and sales. Poizner said that as part of his “Jobs Plan,” he would reduce those rates by one-tenth, as well as cut capital gains taxes ...
Business & Economics
San Francisco County Assessor’s Tax Proposal Draws Fire
San Francisco County Assessor Phil Ting (D) has launched a statewide effort to revise a provision of California’s Proposition 13, a state law voters approved more than 30 years ago to limit property taxes in the Golden State. Ting wants to change how Proposition 13 deals with tax assessments on ...
Business & Economics
The Golden State’s Golden Tax Opportunity
Next month, California legislators may have the opportunity for a long-term solution to the Golden State’s notorious boom-bust cycle, currently in its “bust” stage. A state commission launched by Governor Arnold Schwarzenegger may recommend a flat tax on income, which would stabilize revenue and help launch a recovery. If so, ...
Business & Economics
U.S. can’t afford Obama’s plans or the taxes that go with them
The pork-laden “stimulus” bill that President Obama recently signed contained more than $100 billion in new government health-care spending. If the president and his congressional allies have their way, though, that’s just the beginning of a vast expansion of government funded health care. Two recent studies from the nonpartisan Congressional ...
Business & Economics
Taxpayer stimulus: Failures help sectors recalibrate
The sages at the National Bureau of Economic Research have finally concluded what many Americans have known for months: The United States is in a recession. Several prominent economists have recommended vast government spending as a cure. In the December issue of the New York Review of Books, Nobel Laureate ...
Business & Economics
Why can’t I redistribute my own wealth?
So Barack Obama got elected president of the United States, allegedly the freest country in the world and in human history, partly on the promise that he will redistribute a goodly portion of our wealth, yours and mine and everyone else’s. But why on earth does that make him a ...
Business & Economics
Lessons from the $388 million Hyatt case: How current tax policy hurts California
California’s financial problems may have gotten worse by $388 million, according to an August 16 Nevada trial verdict in favor of an inventor mistreated by California’s Franchise Tax Board. The unprecedented case highlights California’s enforcement tactics and points to the solution for state revenue instability. Gilbert P. Hyatt, an electrical ...
Business & Economics
Lessons from the $388-Million Hyatt Case: How current tax policy hurts California, and how the state can fix its revenue problem
California’s financial problems may have gotten worse by $388 million, according to an August 16 Nevada trial verdict in favor of an inventor mistreated by California’s Franchise Tax Board. The unprecedented case highlights California’s enforcement tactics and points to the solution for state revenue instability. Gilbert P. Hyatt, an electrical ...
Business & Economics
The annual budget paradox: taxes hit Dems, cuts hit Reeps
One knock against politicians is that they’re always trying to bring pork back to their districts. But when it comes to California’s annual Kabuki budget dance, a new pattern emerges: Republicans try to cut spending-often even money likely to flow to their own districts-while Democrats try to pass taxes that ...
Torts, taxes hinder Pennsylvania’s prosperity
Editor’s note: This is the fifth in a series of occasional commentaries on how Pennsylvania can turn around its economic fortunes. Wrongheaded economic development policies and one of the nation’s worst labor climates are serious impediments to Pennsylvania’s prosperity. As if those obstacles were not enough, the commonwealth also has ...
Poizner says he’ll increase state revenue by cutting California’s tax rates
Despite projections that the next governor will inherit multibillion-dollar deficits, Republican gubernatorial candidate Steve Poizner on Tuesday promised to slash taxes on personal income, corporations and sales. Poizner said that as part of his “Jobs Plan,” he would reduce those rates by one-tenth, as well as cut capital gains taxes ...
San Francisco County Assessor’s Tax Proposal Draws Fire
San Francisco County Assessor Phil Ting (D) has launched a statewide effort to revise a provision of California’s Proposition 13, a state law voters approved more than 30 years ago to limit property taxes in the Golden State. Ting wants to change how Proposition 13 deals with tax assessments on ...
The Golden State’s Golden Tax Opportunity
Next month, California legislators may have the opportunity for a long-term solution to the Golden State’s notorious boom-bust cycle, currently in its “bust” stage. A state commission launched by Governor Arnold Schwarzenegger may recommend a flat tax on income, which would stabilize revenue and help launch a recovery. If so, ...
U.S. can’t afford Obama’s plans or the taxes that go with them
The pork-laden “stimulus” bill that President Obama recently signed contained more than $100 billion in new government health-care spending. If the president and his congressional allies have their way, though, that’s just the beginning of a vast expansion of government funded health care. Two recent studies from the nonpartisan Congressional ...
Taxpayer stimulus: Failures help sectors recalibrate
The sages at the National Bureau of Economic Research have finally concluded what many Americans have known for months: The United States is in a recession. Several prominent economists have recommended vast government spending as a cure. In the December issue of the New York Review of Books, Nobel Laureate ...
Why can’t I redistribute my own wealth?
So Barack Obama got elected president of the United States, allegedly the freest country in the world and in human history, partly on the promise that he will redistribute a goodly portion of our wealth, yours and mine and everyone else’s. But why on earth does that make him a ...
Lessons from the $388 million Hyatt case: How current tax policy hurts California
California’s financial problems may have gotten worse by $388 million, according to an August 16 Nevada trial verdict in favor of an inventor mistreated by California’s Franchise Tax Board. The unprecedented case highlights California’s enforcement tactics and points to the solution for state revenue instability. Gilbert P. Hyatt, an electrical ...
Lessons from the $388-Million Hyatt Case: How current tax policy hurts California, and how the state can fix its revenue problem
California’s financial problems may have gotten worse by $388 million, according to an August 16 Nevada trial verdict in favor of an inventor mistreated by California’s Franchise Tax Board. The unprecedented case highlights California’s enforcement tactics and points to the solution for state revenue instability. Gilbert P. Hyatt, an electrical ...
The annual budget paradox: taxes hit Dems, cuts hit Reeps
One knock against politicians is that they’re always trying to bring pork back to their districts. But when it comes to California’s annual Kabuki budget dance, a new pattern emerges: Republicans try to cut spending-often even money likely to flow to their own districts-while Democrats try to pass taxes that ...