Policy decisions about borrowing and spending have generated out of control deficits and spiraling debt at all levels of government. Partisan politics have frequently led to impasse as one-side refuses to compromise with the other. If a sensible non-partisan tax policy is not enacted, high tax rates and profligate spending will continue to drive individuals and businesses into the red and leave Americans without jobs.
The proposed “freeze” would ensure that Proposition 30 funds would be used at the University of California and California State University, making an increase of fees irrelevant.
Not long after House members were sworn in last week, Georgia Representative Rob Woodall (R) introduced his first bill to establish the FairTax.
Following the last minute deal approved by the Republican-led House of Representatives regarding the fiscal cliff and tax changes, politicians in Washington are now looking forward to the next round.
The intended goal of the FairTax system is to eliminate the need for the Internal Revenue Service (IRS) by doing away with many burdensome taxes on the national level…
The Internal Revenue Service (IRS) offers a tax credit that not only allows people to save on their 2012 taxes, but also encourages middle and low income households to prepare for retirement.
The US private sector added 146,000 jobs in November, according to a report released by the US Department of Labor on Friday. The unemployment rate dropped 0.2 percent to 7.7 percent.
The alternative minimum tax should prevent the wealthy from avoiding their obligations, but the AMT is contributing to higher taxes for the middle class.
