Category Archives: Taxes

Gillespie tax plan makes good sense

Ed Gillespie, one of the candidates running for Governor this year, has proposed a major tax cut that makes a lot of sense. Its key provisions would cut individual income taxes by 10 percent across the board over a three … Continue reading

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Cigarette Taxes Do Not Usually Produce Projected Income

Taxes are a funny thing.  They can’t be relied on to produce the amount of money governments hope to collect from those who pay.  Over and over again, it has become reality that in most cases the more government taxes … Continue reading

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U.S. Tax System Forces Corporations to Look Overseas

Anti-big-business rhetoric is alive and well in this presidential election year.
Of course Big Business works the halls of government to its advantage whenever it can. As do the lobbies for small business, unions, farmers, etc. But when it comes to creating a business climate where our internationally renowned businesses can succeed, the prestige of Big Business seems to be failing miserably. Continue reading

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The Tax Rates of Wall Streeters and Steelworkers

During a rousing speech in Pittsburgh on Labor Day, Joe Biden said: “Why in God’s name should a man or woman working in a steel mill making $50,000 a year pay a higher [tax] rate than someone who makes tens of … Continue reading

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Governor’s Corporate Tax Cut Will Have Little Impact

Governor McAuliffe has proposed a quarter of one percent cut in the corporate income tax rate (from 6% to 5.75%). This puny tax cut will have a minimal impact on economic growth. Indeed, it will only create 280 new jobs in five … Continue reading

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