Representative David Jolly (R-Fla.) has proposed an “Alternative Maximum Tax” limiting any non-corporate taxpayer’s total tax payment — including federal, state, and local taxes — to 50 percent of adjusted gross income. But why not establish a 5 percent “Alternative Maximum Tax,” until such time as the income tax is abolished entirely?
The rising opposition in Congress to renewal of the charter for the Export-Import Bank from Tea Party congressmen has spawned an all-out effort by crony capitalist lobbyists in organizations such as the U.S. Chamber of Commerce.
When comparing Texas and California to decide where to locate a company or family, in just about every category the advantage goes to Texas.
Last week was not good for supporters of immigration reform — with the release of two polls, the surrender by a leading proponent, and the devastating report from the Center for Immigration Studies.