Category Archives: Taxes

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

Posted in Taxes | Comments Off on U.S. Tax System Forces Corporations to Look Overseas

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

Posted in Taxes | 1 Comment

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

Posted in State Government, Taxes, Top Story | Comments Off on Governor’s Corporate Tax Cut Will Have Little Impact

Tax Reform and Job Creation Go Hand in Hand

I recently sat through two days of state candidates discussing top issues facing Virginia with several dozen business leaders interested in public policy. These discussions made it clear that our economy needs a significant boost and that our tax code … Continue reading

Posted in Economy, Taxes | 3 Comments

Widely-Touted Study on State and Local Taxes is a Sham

The Institute on Taxation and Economic Policy (ITEP) is a self-described “non-partisan research organization” dedicated to providing “accurate, timely, and straightforward information” about tax policies. In a new report on state and local taxes, ITEP declares that “virtually every state’s … Continue reading

Posted in Taxes | 1 Comment