We need to acknowledge that many families that play by the rules still run the risk of economic ruin.
The Alternative Minimum Tax is affecting more and more moderate income taxpayers. The solution does not lie in raising taxes on others, but rather in broader reform of the tax code itself.
What entrepreneurs really want the government to do.
At one level, the politics and the economics of 2010 appear daunting. Pundits claim that the recent election will only divide government, the two major political parties can’t get along, and government shutdown will be the only real issue discussed.
It’s been over 25 years since the U.S. last reformed its tax code. One of the architects of that reform plan, Bob Packwood, discusses how it was done – and how a similar plan could be passed today.
An interview with the former governor, ambassador and presidential candidate about the current political environment and the challenges facing the country — and the Republican Party — in the coming years.
“In recent days, the looming fiscal cliff has catapulted income tax base-broadening to the forefront of the tax policy debate. Fortunately, this is an area where Republicans and Democrats should be able to work together.”
As America teeters on the brink of a debt crisis, it is critical nothing be done that would force the American people over the edge.
With the economy slowing, now is not the time to be raising taxes. Yet with the Bush tax cuts set to expire, that is exactly what some are proposing.