State governments across the country have enacted movie production incentives (MPIs), most commonly through tax credits, in an attempt to lure that business to their states. While the expenditures on these tax incentives are easily quantifiable, the same cannot be said for the benefits that their supporters claim are produced.
Declaration of Dependence
A February 4, 2013 Congressional Budget Office (CBO) report confirmed what taxpayer watchdog groups such as Citizens Against Government Waste (CAGW) have been warning about for years: Obamacare is an unprecedented disaster for every American’s personal health and the country’s economic health. CBO reported that 2.5 million people, a historically high number, will leave the […]
IRS’ Litany of Mismanagement
The IRS is in full crisis mode and the staff of Treasury Inspector General for Tax Administration (TIGTA) J. Russell George has been busier than a one-legged man in a butt kickin’ contest.
Just Give Me More Money to Spend
Well, finally a big government politician who admits it. It’s almost refreshing. Rep. Keith Ellison (D-Minn) said in a July 25 Round Table with Progressive Democrats of America, “The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it.” This statement is amazing as we approach a $17 […]
Keeping Internet Access Free of Taxes
On November 1, 2014, the moratorium banning discriminatory taxes on the Internet and taxes on Internet access imposed by the Internet Tax Freedom Act in 1998 will expire. At the time the legislation was initially enacted, the Internet had approximately 300 million users. Since then, the number of users on the Internet has increased to nearly […]
Ho Hum
Yesterday, the President traveled to Tennessee to discuss his “new” proposal for spurring on the economy and creating jobs. He proposes to lower the corporate tax rate and simplify the tax code by closing tax “loopholes.” Currently, the federal tax rate in the U.S. for corporations is 35%, one of the highest among industrialized nations. […]
Halting Wireless Tax Increases
The June 2013 early release report on wireless substitution by the Centers for Disease Control (CDC) indicates that the percentage of adults and children living in households with wireless only telephone service has been on a steady increase since 2003. The data in the report indicates that wireless-only population is now about 36.5 percent and […]
The High Taxation of Wireless Service
The adoption of wireless communications has grown from 48.7 million subscribers in 1997 to 321.7 million subscribers in 2012. Despite the increased use of this innovative technology, the wireless industry is one of the most heavily taxed in the nation. The U.S. average state and local sales tax for most goods and services is currently […]
Forever Red in Illinois
As the Illinois legislature winds up the 2013 session by creating a new $750,000 “Forever Green Illinois Program” (it’s really there on pp. 8-9 of the 284-page budget bill) that would fund the “maintenance and beautification of greenery,” including grass, weeds, trees, shrubs, bushes, and plants on state or local government property, elected officials should also consider adopting a new official […]
Nothing New Under the IRS Sun
By now I am sure you have heard that the IRS targeted and harassed Tea Party and conservative groups that were trying to obtain non-profit status. If a group used words like “tea party” or “patriot” in their organization’s name or the phrase “making America a better place to live” it was enough to raise […]