Browse by Media Hit and Tax Reform

Illinois Gov. Pat Quinn signed HB-2453 into law Friday, letting Chicago increase its monthly 911 charges on wireline, wireless and prepaid cellphones.  The measure, which took effect immediately, has come under attack from free-market groups like the Institute for Policy Innovation, which said the increase could produce more than 911 needs and be used for other purposes like bolstering the city's pension fund.

Fox News Chief national correspondent Jim Angle tells how Obamacare customers may end up with a big tax bill from Uncle Sam.

In RealClearMarkets, Tom Giovanetti cites Pfizer’s planned deal with Astra-Zeneca and subsequent move overseas as emblematic of America’s business climate.

The Permanent Internet Tax Freedom Act (HR-3086) and the Internet Tax Freedom Forever Act (S-1431) need to pass Congress before the end of the current congressional session, said an Institute for Policy Innovation (IPI) blog post Thursday.

Governments at the state, federal and global levels must recognize a decentralized and self-governed Internet is the best way to encourage more innovation and opportunity on the Web.

After years of watching companies flee the country, the UK has begun aggressively reforming its corporate tax code. Meanwhile, the 40% U.S. corporate tax rate remains the highest in the world.

In addition to the new paper, the SBA Office of Advocacy has begun a social media campaign to promote both the paper and Internet sales taxes. IPI even found a list of suggested Twitter tweets that the Office of Advocacy wrote for supporters to use to promote the flawed report.

With the number of congressional hearings on tax reform taking place this year, it seems possible that some part of the reform proposals being aired may eventually become law.

While Rep. Steve Womack takes another crack at legislation that would help states collect taxes on Internet sales, IPI's Bartlett Cleland warns the measure would hurt businesses. Cleland says businesses will shoulder the burden of increased audits and additional tax payments that should be collected by states "who can't figure out how to clean up their own messes internally" and collect the tax from customers.