Download or read book A Guide to the GOP Tax Plan written by David A. Weisbach and published by . This book was released on 2017 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax reform plan - A Better Way - put forward by the chairman of the House Ways and Means Committee Kevin Brady and the Speaker of the House, Paul Ryan would be the most substantial tax reform in the United States since the enactment of the income tax in 1913. At the corporate level, the reform would allow immediate expensing of investments, deny deductions for net interest expense, and eliminate the taxation of income from sales in foreign countries while taxing the full value of imports (together shifting the tax base to a destination basis). At the individual level, the system would tax capital income including interest, dividends, and capital gains at half the rate that wages and salaries are taxed. It would also repeal the estate and generation skipping taxes. These changes would go a long way toward shifting the tax system to taxing consumption rather than income. This paper considers the implementation of the House GOP tax plan and addresses issues that will need to be resolved if the plan is to work as intended. The plan is based on, and builds off of, a long history of thinking about consumption taxes. To understand the basic choices made in the plan, it is helpful to understand this history and how consumption taxes work in general. The paper provides a nutshell version of this history. It shows that the plan is essentially the same as the proposal put forward by the tax reform panel convened by President Bush in 2005 known as the Growth and Investment Tax. That plan, in turn, was a modification of two similar consumption tax proposals, the Flat Tax and a closely related plan known as the X-tax. And these proposals are modifications of the standard VAT used throughout the world. Understanding how VATs work and the issues they raise, as well as the reason for the various evolutions in the proposals allows us to understand the central issues that will arise in implementing the Brady plan. After summarizing this history, the paper turns to the issues that will need to be resolved to implement the plan, focusing on eight sets of issues: (i) the design of the business tax; (ii) the relative tax rates for corporations, partnerships, labor income, and the capital income of individuals; (iii) international tax issues; (iv) the taxation of financial instruments and institutions; (v) the taxation of corporate transactions such as mergers and acquisitions; (vi) deferral and the functioning of the individual-level tax on capital income; (vii) issues relating to the individual tax base such as the mortgage interest deduction; and (viii) problems of transition. Some of the problems in the current draft of the Brady plan, such as inconsistencies in the design of the corporate tax, are easily fixed. Some problems, such as the treatment of pass-through entities and the taxation of major corporate transactions, can be improved with modest substantive changes. Others, such as the taxation of financial institutions, will require substantial effort to get right, but approximate solutions exist. Finally, some issues, such as the taxation of capital income at the individual level, will not be readily fixed. The basic structure of the plan may not be workable for these issues and resolution of these issues might require structural changes to the plan. Overall, I believe that a system following the contours of the House GOP tax plan can be made to work, but solving the implementation problems will take time, effort, and compromises.
Download or read book Taxes for Small Business written by Greg Shields and published by Createspace Independent Publishing Platform. This book was released on 2018-03-02 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Say goodbye to scratching your head in confusion This book on taxes could be the answer you're looking for... Filing taxes is something every business in America needs to do and there is a lot that needs to be learned in this process. It does not matter if you are self-employed or own a limited liability company (LLC). You need to know what the difference is regarding taxes and how to get the most out of your return. Payroll taxes may seem scary. However, you will start to see how simple they are as you read through Chapter 2 of this book. Do you know what deductions you can make as an individual taxpayer and as a business? There are so many tax breaks for a small business that you need to consider. You will see the updated information for deductions and credits that are available to you based on the new GOP tax bill. Best of all, learn how to make the new tax bill work for you so you can maximize your deductions. With the help of this book, you will learn how you can get through those grueling audits and survive the pressure of Uncle Sam and his squad of tax informants. If you have not filed the previous year's taxes, then you may want to check out Chapter 5 as we discuss IRS survival and this particular issue. In chapter 6, you will learn how to make your business taxes work for your business. As a special bonus, in chapter 7, you'll get examples of each of the IRS forms discussed throughout the chapters so you can see what they look like and their purpose. Here are just some of the topics that are discussed in this book: Differences Between LLC and Self-Employed Taxes Payroll Taxes and How to Best Manage Them Knowing Your Tax Deductions, Exemptions and Credits Capital Gains and Losses Your Business and the IRS Making Your Business Taxes Work for You Forms for Success So, what are you waiting for? Get the book now and start your learning!
Download or read book The Benefit and The Burden written by Bruce Bartlett and published by Simon and Schuster. This book was released on 2012-01-24 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thoughtful and surprising argument for American tax reform, arguably the most overdue political debate facing the nation, from one of the most respected political and economic thinkers, advisers, and writers of our time. THE UNITED STATES TAX CODE HAS UNDERGONE NO SERIOUS REFORM SINCE 1986. Since then, loopholes, exemptions, credits, and deductions have distorted its clarity, increased its inequity, and frustrated our ability to govern ourselves. By tracing the history of our own tax system and assessing the way other countries have solved similar problems, Bruce Bartlett explores the surprising answers to all these issues, giving a sense of the tax code’s many benefits—and its inevitable burdens. From one of the most respected political and economic thinkers, advisers, and writers of our time, The Benefit and the Burden is a thoughtful and surprising argument for American tax reform.
Download or read book The Truth Matters written by Bruce Bartlett and published by Ten Speed Press. This book was released on 2017-10-24 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distinguish fake news from reliable journalism with this clear and concise handbook by New York Times best-selling author Bruce Bartlett. Today’s media and political landscapes are littered with untrustworthy sources and the dangerous concept of “fake news.” This accessible guide helps you fight this deeply troubling trend and ensure that truth is not a permanent casualty. Written by Capitol Hill veteran and author Bruce Bartlett, The Truth Matters presents actionable tips and tricks for reading critically, judging sources, using fact-checking sites, avoiding confirmation bias, identifying trustworthy experts, and more.
Download or read book Campaign Guide for Congressional Candidates and Committees written by United States. Federal Election Commission and published by . This book was released on 1980 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Budget and Economic Outlook written by and published by . This book was released on 2008 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Painting the Map Red written by Hugh Hewitt and published by Simon and Schuster. This book was released on 2013-02-12 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nationally syndicated talk show host and political strategist Hugh Hewitt delivers this insider's guide to the 2006 elections and the crucial messages GOP candidates and activists will be adopting to foster the spread of Red States.
Download or read book Congressional Record written by United States. Congress and published by . This book was released on 1971 with total page 1380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Download or read book The Emerging Democratic Majority written by John B. Judis and published by Simon and Schuster. This book was released on 2004-02-10 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: ONE OF THE ECONOMIST'S BEST BOOKS OF THE YEAR AND A WINNER OF THE WASHINGTON MONTHLY'S ANNUAL POLITICAL BOOK AWARD Political experts John B. Judis and Ruy Teixeira convincingly use hard data -- demographic, geographic, economic, and political -- to forecast the dawn of a new progressive era. In the 1960s, Kevin Phillips, battling conventional wisdom, correctly foretold the dawn of a new conservative era. His book, The Emerging Republican Majority, became an indispensable guide for all those attempting to understand political change through the 1970s and 1980s. At the beginning of the twenty-first century, with the country in Republican hands, The Emerging Democratic Majority is the indispensable guide to this era. In five well-researched chapters and a new afterword covering the 2002 elections, Judis and Teixeira show how the most dynamic and fastest-growing areas of the country are cultivating a new wave of Democratic voters who embrace what the authors call "progressive centrism" and take umbrage at Republican demands to privatize social security, ban abortion, and cut back environmental regulations. As the GOP continues to be dominated by neoconservatives, the religious right, and corporate influence, this is an essential volume for all those discontented with their narrow agenda -- and a clarion call for a new political order.
Download or read book It s Even Worse Than It Looks written by Thomas E. Mann and published by Basic Books. This book was released on 2016-04-05 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acrimony and hyperpartisanship have seeped into every part of the political process. Congress is deadlocked and its approval ratings are at record lows. America's two main political parties have given up their traditions of compromise, endangering our very system of constitutional democracy. And one of these parties has taken on the role of insurgent outlier; the Republicans have become ideologically extreme, scornful of compromise, and ardently opposed to the established social and economic policy regime.In It's Even Worse Than It Looks, congressional scholars Thomas Mann and Norman Ornstein identify two overriding problems that have led Congress -- and the United States -- to the brink of institutional collapse. The first is the serious mismatch between our political parties, which have become as vehemently adversarial as parliamentary parties, and a governing system that, unlike a parliamentary democracy, makes it extremely difficult for majorities to act. Second, while both parties participate in tribal warfare, both sides are not equally culpable. The political system faces what the authors call &"asymmetric polarization," with the Republican Party implacably refusing to allow anything that might help the Democrats politically, no matter the cost.With dysfunction rooted in long-term political trends, a coarsened political culture and a new partisan media, the authors conclude that there is no &"silver bullet"; reform that can solve everything. But they offer a panoply of useful ideas and reforms, endorsing some solutions, like greater public participation and institutional restructuring of the House and Senate, while debunking others, like independent or third-party candidates. Above all, they call on the media as well as the public at large to focus on the true causes of dysfunction rather than just throwing the bums out every election cycle. Until voters learn to act strategically to reward problem solving and punish obstruction, American democracy will remain in serious danger.
Download or read book Rich People s Movements written by Isaac William Martin and published by Oxford University Press. This book was released on 2015-02 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do protesters sometimes take to the streets to demand lower taxes on the rich? In this urgently relevant study, sociologist Isaac William Martin examines how these protesters used tactics that they learned in movements of the poor and powerless-and sometimes won big.
Download or read book Grand Old Party written by Lewis L. Gould and published by Oxford University Press, USA. This book was released on 2012 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: This highly readable narrative history of the Republican Party profiles the G.O.P. from its emergence as an antislavery party during the 1850s to its current place as champion of political conservatism.
Download or read book Young Guns written by Eric Cantor and published by Threshold Editions. This book was released on 2010-09-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: America urgently needs a new direction. But who will provide it? The time has come to move the country forward with a clear agenda based on common sense for the common good. THERE IS A BETTER WAY. Make no mistake: Congressmen Eric Cantor, Paul Ryan, and Kevin McCarthy are proud Republicans. But they believe the party had lost sight of the ideals it believes in, like economic freedom, limited government, the sanctity of life, and putting families first. This isn’t your grandfather’s Republican party. These Young Guns of the House GOP—Cantor (the leader), Ryan (the thinker), and McCarthy (the strategist)—are ready to take their belief in the principles that have made America great and translate it into solutions that will make the future even better, solutions that will create private sector jobs, maximize individual freedom, and establish a better world for our children. This groundbreaking book is a call to action that sets forth a plan for growth, opportunity, and commitment that will propel this country to prosperity once again. Together, the Young Guns are changing the face of the Republican party and giving us a new road map back to the American dream.
Download or read book Super PACs written by Louise I. Gerdes and published by Greenhaven Publishing LLC. This book was released on 2014-05-20 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: The passage of Citizens United by the Supreme Court in 2010 sparked a renewed debate about campaign spending by large political action committees, or Super PACs. Its ruling said that it is okay for corporations and labor unions to spend as much as they want in advertising and other methods to convince people to vote for or against a candidate. This book provides a wide range of opinions on the issue. Includes primary and secondary sources from a variety of perspectives; eyewitnesses, scientific journals, government officials, and many others.
Download or read book Federal Regulatory Guide written by CQ Press, and published by CQ Press. This book was released on 2020-04-28 with total page 1145 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Regulatory Directory, Eighteenth Edition continues to offer a clear path through the maze of complex federal agencies and regulations, providing to-the-point analysis of regulations. Information-packed profiles of more than 100 federal agencies and departments detail the history, structure, purpose, actions, and key contacts for every regulatory agency in the U.S. government. Now updated with an improved searching structure, the Federal Regulatory Directory continues to be the leading reference for understanding federal regulations, providing a richer, more targeted exploration than is possible by cobbling together electronic and print sources.
Download or read book American Amnesia written by Jacob S. Hacker and published by Simon and Schuster. This book was released on 2016-03-29 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: A “provocative” (Kirkus Reviews), timely, and topical work that examines what’s good for American business and what’s good for Americans—and why those interests are misaligned. In American Amnesia, bestselling political scientists Jacob S. Hacker and Paul Pierson trace the economic and political history of the United States over the last century and show how a viable mixed economy has long been the dominant engine of America’s prosperity. We have largely forgotten this reliance, as many political circles and corporate actors have come to mistakenly see government as a hindrance rather than the propeller it once was. “American Amnesia” is more than a rhetorical phrase; elites have literally forgotten, or at least forgotten to talk about, the essential role of public authority in achieving big positive-sum bargains in advanced societies. The mixed economy was the most important social innovation of the twentieth century. It spread a previously unimaginable level of broad prosperity. It enabled steep increases in education, health, longevity, and economic security. And yet, extraordinarily, it is anathema to many current economic and political elites. Looking at this record of remarkable accomplishment, they recoil in horror. And as the advocates of anti-government free market fundamentalist have gained power, they are hell-bent on scrapping the instrument of nearly a century of unprecedented economic and social progress. In the American Amnesia, Hacker and Pierson explain the full “story of how government helped make America great, how the enthusiasm for bashing government is behind its current malaise, and how a return to effective government is the answer the nation is looking for” (The New York Times).
Download or read book The Tea Party and the Remaking of Republican Conservatism written by Theda Skocpol and published by Oxford University Press. This book was released on 2016 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this penetrating new study, Skocpol of Harvard University, one of today's leading political scientists, and co-author Williamson go beyond the inevitable photos of protesters in tricorn hats and knee breeches to provide a nuanced portrait of the Tea Party. What they find is sometimes surprising.
