Taxes

Owe Back Taxes? Have Some More Cash

It has long been clear that, when monitoring the activities of the federal government, one must often suspend natural expectations for sanity and integrity. For example, anyone who fails to pay taxes should be last in line to collect benefits paid for by taxpayers. But if the results of four recent reports are any indication, tax deadbeats are raking in federal cash.

Undocumented Workers Receive Billions in Tax Credits

On July 7, 2011, the Department of the Treasury’s Inspector General for Tax Administration (TIGTA) issued a telling report. TIGTA found that unauthorized workers who are ineligible to obtain Social Security Numbers (SSNs), the vast majority of whom are illegal immigrants, were paid $4.2 billion in refundable tax credits in 2010.

Tobacco Excise Taxes Burn Down Federal Revenues

An April 2012 Government Accountability Office (GAO) report found that excise tax increases on certain tobacco products have resulted in dramatic shifts by manufacturers and consumers toward lower tax products. Specifically, the implementation of taxes on roll your own tobacco and small cigars have led to increases in production and consumption of pipe tobacco and large cigars. While the government has historically used tobacco taxes to raise revenue, GAO’s study revealed that these disparities in taxation instead decreased federal revenues.

CCAGW Denounces Senate for Further Backpedaling on USPS



For Immediate Release: Contact:  Leslie K. Paige (202) 467-5334
April 18, 2012 Luke Gelber (202) 467-5318

 

President Obama’s Corporate Tax Plan Invites Crony Capitalism

On February 22, 2012, President Obama released a proposal to lower the corporate tax rate from 35 percent to 28 percent, while also eliminating loopholes in the tax code. Considering that the effective corporate tax rate of 34.6 percent in the U.S. is the highest rate in the Organization for Economic Cooperation and Development (OECD) and is nearly 50 percent higher than the OECD average, a move to a lower rate is long overdue. Unfortunately, the devil in the White House’s plan lies in the details.

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CAGW Names Sen. Kirsten Gillibrand May 2018 Porker of the Month

Sen. Gillibrand is CAGW's Porker of the Month her proposal to force the fiscally-imperiled United States Postal Service to expand into banking.