Juliegrace Brufke A recent poll found those living in states with higher tax burdens are more likely to say they want to move than residents of states with lower taxes. According to Gallup, 46 percent of those living in Connecticut and New Jersey – which have some of the highest state and local rates in…
by Micah J. Fleck Hudson Institute senior fellow Jeffrey H. Anderson has uncovered some shocking numbers that reveal a tax plan like what Sanders proposes would actually reduce the average citizen’s income by one sixth. Anderson writes in The Weekly Standard: Now that Bernie Sanders has routed Hillary Clinton by 22 points in New Hampshire,…
Guy Bentley Utah vapers could be hit with an 86.5 percent tax on e-cigarettes if a bill proposed Friday passes the state legislature. State Rep. Paul Ray introduced the bill HB333, which would tax e-cigarettes at the same rate as other non-cigarette tobacco products, according to The Salt Lake Tribune. E-cigarettes “are not taxed now because they are…
Rachel Stoltzfoos Carrier Air Conditioning announced this week it’s shipping 1,400 jobs to Mexico, and the reaction of a room full of employees when they learned the news was caught on camera. “The best way to stay competitive and protect the business for long-term is to move production from our facility in Indianapolis to Monterrey, Mexico,” a man…
Chris White Those worried that rock-bottom crude prices might collapse the oil industry have little to fear, according to a report by research group Wood Mackenzie. Citing analysis of production costs on 10,000 oil fields, Wood Mac said it believes only 4 percent of the global oil supply is unprofitable at oil prices below $35 per…
Richard Pollock Federal Reserve Board Chairwoman Janet Yellen overseas the country’s $16.7 trillion economy, but she appears clueless about the Consumer Financial Protection Bureau, a small $620 million financial regulatory agency that operates within her organization. Yellen was asked Feb. 10, 2016, during her semi-annual presentation before House Financial Services Committee, if the Federal…
Connor D. Wolf The New York Labor Department released a study Thursday that purports to show the $15 minimum wage will have a positive influence on the state, but may have ignored the negative side. New York Gov. Andrew Cuomo commissioned the study as part of his push to enact the $15 minimum wage…
Juliegrace Brufke In a 75-20 vote Thursday, the Senate agreed to place a permanent ban on state and local Internet taxes. A provision in a larger bipartisan customs bill – the Trade Facilitation and Trade Enforcement Act – that would force states to phase out the tax by 2020. Congress had passed a number of…
Juliegrace Brufke Martin Shkreli, the controversial former CEO of Turing Pharmaceuticals, offered rapper Kanye West $10 million Thursday to refrain from releasing his album publicly. The notorious “pharma bro” – who was widely criticized for marking up a life-saving drug used to treat cancer and AIDS by 5000 percent – took heat for spending $2 million on the…
Juliegrace Brufke Senate Committee on Small Business and Entrepreneurship Chairman David Vitter is questioning why Congress is able to get its health care through the Small Business Health Options Plan (SHOP) – which requires a business to have 50 or less employees – when the tax forms provided list Congress as a large employer. In a letter written to Internal Revenue Service…