The House Committee on Small Business holds a hearing on Paying Their Fair Share: How Tax Hikes Crush the Competitiveness of Small Business at 2:00 p.m. ET on April 18. …

The House Committee on Small Business holds a hearing on Paying Their Fair Share: How Tax Hikes Crush the Competitiveness of Small Business at 2:00 p.m. ET on April 18. …

Commentary In the midst of a recession, with inflation eating away an average of $6,800 in purchasing power from the incomes of families with two workers, the so-called Inflation Reduction Act would impose tax increases, manipulative federal subsidies, and price controls on every American family. The bill would deepen the growing recession, continue to depress…

The Biden administration recently bypassed Congress in raising taxes on multinational corporations. That’s the contention of the Tax Foundation. A paper, “A Regulatory Tax Hike on U.S. Multinationals,” explains the changes in tax credits for multinational companies that reduce deductions and credits. The tax increase came recently through action by the U.S. Treasury, and IRS…

President Joe Biden hopes to convince Democrats to back his economic and environmental proposals before he leaves for Europe. The White House announced his spending bill framework Thursday morning. In a move to meet with progressives, Biden has slashed the bill’s price tag in half. It’s been cut from $3.5 trillion to $1.75 trillion. The…

British Prime Minister Boris Johnson announced on Tuesday he is raising taxes to pay for the cost of care for the elderly and disabled people, breaking a key election pledge. In a statement to the House of Commons, Johnson announced a new UK-wide 1.25 percent health and social care levy, which is based on National…

Washington D-C files a lawsuit against Amazon. The Attorney General says Amazon’s treatment of sellers is anti-competitive, and you’re paying more and have fewer choices because of it. Could traditional exchanges like the New York Stock Exchange and NASDAQ soon be a thing of the past? We look at a new type of decentralized exchange,…

Commentary Every American is going to pay higher taxes due to the Biden administration’s policies. Remember that inflation is a hidden tax. It is a powerful (and often unseen and unstoppable) way for a government to pay for its goods and services without raising visible taxes that make people angry. Warren Buffett is widely regarded…

If President Joe Biden’s corporate tax hikes and other changes to the tax code are passed unchanged, one million jobs would be lost during the first two years following its passage and economic activity would also decrease, according to a new economic study (pdf). The study by the National Association of Manufacturers (NAM) conducted by Rice…

President Joe Biden said Wednesday that he will push for the adoption of a global minimum corporate tax rate to reduce opportunities for tax-rate arbitrage by American corporations that reduce their U.S. tax burden by shifting profits to low-rate tax havens. “I’ve also proposed a global minimum tax, which is being proposed around the world…