Biden announces intention to break his $400k tax pledge Today President Biden said that if elected to a second term he will make sure the Trump tax cuts expire next year. The Trump tax cuts — the Tax Cuts and Jobs Act — successfully reduced taxes for all income groups. In contrast to the tax-hiking […]
Americans for Tax Reform (ATR) commends former federal prosecutor Brad Knott for signing the Taxpayer Protection Pledge, a written commitment to the voters of North Carolina to oppose and vote against income tax hikes. Candidates often make campaign promises not to raise taxes, only to abandon taxpayers once elected. The Taxpayer Protection Pledge requires candidates […]
The House Committee on Oversight and Accountability is launching a probe into the rampant politicization of the Federal Trade Commission (FTC) by Chair Lina Khan and the Biden administration. In a new letter, Oversight Chairman James Comer (R-KY) has taken interest in a recently announced “Strike Force” between the FTC and the Department of Justice (DOJ), which aims […]
As Pennsylvania Primary voters head to the voting booth, they deserve to know where their candidates stand on crucial issues such as taxes and spending. Candidates often make campaign promises not to raise taxes, only to abandon taxpayers once elected. The Taxpayer Protection Pledge requires candidates to put their commitment in writing – making it […]
Joe Biden and Kamala Harris will raise your taxes. They will impose income tax hikes, small business tax hikes, capital gains tax hikes, corporate tax hikes, a carbon tax, and will even bring back the much-hated Obamacare individual mandate tax. April 18, 2024: VIDEO: Despite Biden Campaign Promise to Make “Costs Go Down,” They Have […]
Sen. Mike Crapo (R-Idaho), ranking member of the Senate Finance Committee, questioned IRS commissioner Daniel Werfel yesterday about Werfel’s dishonesty to Congress regarding the IRS “Direct File” program. Crapo said: “When you last testified before this committee I raised concerns with the wasteful and duplicative Direct File program that at the time the IRS was […]
Without any direction from Congress, the Consumer Financial Protection Bureau (CFPB) finalized a rule that (1) changes the safe harbor dollar amount for late fees from $30, or $41 for subsequent late payment violations, to a strict threshold of $8 while prohibiting any higher amount for future delinquencies; and (2) removes the safe harbor late […]
The Financial Stability Oversight Council (FSOC) was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) as a response to financial instability emanating from the 2008 financial crisis. The Dodd-Frank Act allows the FSOC to designate certain nonbank financial companies, such as asset managers, stablecoin issuers, hedge funds, mortgage companies, insurance […]
The Federal Reserve (Fed), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) jointly established principles to ostensibly offer a framework for banks, savings associations, and nonbank systemically important financial institutions (SIFIs) with at least $100 billion in total consolidated assets to focus on material climate-related risks. The regulators indicated […]
In a recent study by the activist-funded JAMA Network, researchers erroneously “determined” that the price of diabetes medicines, like insulins, SGLT2 inhibitors, and GLP-1 agonists, were “too high.” Unsurprisingly, they touted price controls as a policy tool for governments to use to reduce these costs. This study uses cost-based pricing to assess affordability – a fundamentally flawed […]
Americans for Tax Reform (ATR) commends Jefferson Shreve for signing the Taxpayer Protection Pledge, a written commitment to the voters of Indiana to oppose and vote against income tax hikes. Candidates often make campaign promises not to raise taxes, only to abandon taxpayers once elected. The Taxpayer Protection Pledge requires candidates to put their commitment in […]