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Category Archives: Taxes
The Tax Cuts and Jobs Act: Many Won’t “See the Forest for the Trees”
The Tax Cuts and Jobs Act currently being considered by the Congress, according to Martin Feldstein, Chairman of President Reagan’s Council of Economic Advisors and renowned Harvard Economics professor, “could increase the U.S. capital stock by $5 trillion and cause … Continue reading
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Understanding the Federal Budget: Part III The Budget and Taxes
In response to the U.S. Senate passing a budget for the next fiscal year, which includes reconciliation instructions to cut taxes, the U.S. House of Representatives will now proceed to the process of crafting tax legislation. Continue reading
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Tax Cut Opponents Are Simply Wrong
Most liberal-left activists simply cannot support tax cuts. They can’t help it. It is in their DNA. They firmly believe that money spent by government is always better than money spent by taxpayers. They don’t understand that more money in the taxpayers’ pocket means more money spent on shoes, movie tickets, dinners out and new clothes. The economy improves when this happens and that means more money to the government without tax increases. Continue reading
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Understanding the Federal Budget: Part II
In response to the president’s budget submission in May, the House Budget Committee has produced the 2018 Budget Resolution and reported it to the full U.S. House of Representatives. This is the second step in producing the annual budget for … Continue reading
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Tax Reform is Key to Virginia's Future
As of March 2017, our state’s unemployment rate was over 3%. Granted, these numbers are not awful, but I would argue there is room for improvement. Many of these jobs are held by people who had better paying jobs just a few years ago. And we still have too many who have taken themselves out of the potential work force and this makes that 3% number look better than it really is.
Our state’s economy should be and can be much stronger. The most important thing we can do to make this a reality is overhaul the burdensome federal tax code. Continue reading
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