Browse by Media Hit and Tax Reform

The world’s richest man who leads mega-powerful Amazon publicly supports Joe Biden’s plan to raise taxes on corporations but that support comes after the tax-avoiding company was called out by name by the president just days ago.

Why then do people leaving "Blue" states bring their Blue state politics with them to a state offering a less-expensive lifestyle?

"The primary purpose of the Trump tariffs isn’t necessarily to raise tax revenue, as in centuries past, but to make something more expensive to U.S. consumers so that they will buy less of that item and buy more from domestic manufacturers, who, incidentally, typically raise their domestic prices," says IPI.

In his presentation, titled “Trumponomics: How and Why It’s Working,” Moore said that the heart of “Trumponomics” is growing the economy as rapidly as possible and that many of the major issues facing our country today — including poverty, the national debt, income inequality and education — will be easier to solve if the economy is growing faster.

It’s unclear how the new ruling will effect smaller sellers, but Institute for Policy Innovation president Tom Giovanetti is in the camp of those that sees it as a big problem for them.

“In today’s Wayfair decision, the Supreme Court overturned 25 years of its own precedent and decided that states will be able to assess sales taxes on internet transactions, siding with the state of South Dakota against Wayfair and other online sellers," said IPI president Tom Giovanetti, who also sounded ready to throw some tea overboard.

“The decision leaves e-commerce and especially small sellers extremely vulnerable to states gluttonous for tax revenue particularly from consumers and businesses with no representation in their state,” said Tom Giovanetti, president of the Institute for Policy Innovation.