Tax Politics
The Politics of Taxes
Quickly Noted: Kamala Harris On the Rise
Kamala Harris, the junior Senator from California, has been fueling speculation that she might be a Democrat contender for President in 2020. For months now, she has been holding fundraisers with high-dollar big-wigs, and now there are indications that she will be...
Record Federal Tax Revenue For July
As always, CNSnews posts the monthly revenue data as it is released from the Treasury. I have reposted it below in its entirety: "The federal government collected record amounts of both individual income taxes and payroll taxes through the first ten months of fiscal...
Bloomburg: Most Economist Think Tax Reform Will Happen
According to Bloomberg's monthly economist poll, 78% of respondents think that Congress will be successful with tax cuts prior to mid-term elections next year -- though they may be less ambitious than what has been originally planned. Trump has promised to make this a...
Anthem Exits Virginia Marketplace
Anthem announced today that it would discontinue individual insurance coverage plans in Virginia in 2018, the third major insurer to do so this year; Aetna and United Health announced their plans earlier in the year. For Anthem, this marks the 4th state change so...
“Revenue Raising” Soda Tax Fails to Bring in Revenue
A soda tax in Philadelphia, implemented specifically to raise revenue (not to fight obesity) has failed to bring in the projected funds promised by the tax wizards. The tax was supposed to raise some $92 million a year, but people have taken to purchasing their soft...
DeBlasio to High-Income Earners: Pay For Our Mass Transit Projects
Mayor DeBlasio released a new plan to add a "nearly 14 percent tax increase on high-income Big Apple residents" in order to raise money for various transportation projects. It is projected to raise $800 million/year and would be used to pay for subway repairs, bus...