Posts Tagged ‘Tax Reform’
Tuesday, January 8th, 2019
The 86th Texas legislative session starts today. There’s a new speaker and boatloads of bills have already been filed.
Here are some of the pressing issues that Empower Texans has highlighted as key priorities:
Abolish the Robin Hood school tax:
The state should use existing funding streams to permanently buy down local school property taxes until they’re abolished, along with Robin Hood. If enacted, the average Texan would eventually see a 40 percent cut in their total property tax bill.
The existing “Robin Hood” funding system — known formally as the Ch. 41 Wealth Redistribution Program — effectively allows lawmakers to overtax property-rich areas as a means of supplementing public education spending. The system is a relic of a Democrat-controlled legislature, but Republicans have since done little to fix it.
Not only is the system complex, but it has resulted in horrendous side effects.
Most notably, property taxpayers are being gouged. Since becoming law in 1993 under Democrat rule, a larger portion of the education-funding burden eventually shifted onto local property taxpayers.
Let Texas citizens vote on local tax hikes:
Voters should automatically be given a voice on excessive property tax hikes.
State law does not currently require that all local governments obtain voter approval for tax hikes that exceed the state’s “rollback” limit. The “rollback” limit is essentially the percentage localities can increase property taxes on the existing tax base before voters have the option to challenge it.
While school districts are required to hold public elections on excessive tax hikes, cities, counties, and other localities are not. As a result, city and county officials habitually take advantage of taxpayers who have no effective remedy to stop them.
Under current law, taxpayers only have one option — a burdensome petition drive.
In both rural and urban areas, this onerous process requires that taxpayers collect an overwhelming number of voter signatures over a very short period of time — and hire lawyers to protect their validity — before a public vote on the proposed tax increase is triggered.
Politicians routinely instruct their staff to fight and discredit these efforts. They also spend taxpayer money on lawyers to resist holding public votes, forcing citizens to file expensive lawsuits.
Upon closer review, it becomes obvious that state laws pertaining to the citizen petition process were designed to thwart voters in favor of money-hungry governments. These petition requirements should be replaced with automatic elections.
Banning red light cameras:
Red-light cameras have been installed in cities across Texas and the nation under the pretense of promoting safe driving but, in reality, the automated devices are little more than another vehicle for municipalities to rob citizens of their money.
Photo enforced traffic citations violate drivers’ due process rights. Cities don’t have to prove who was driving the ticketed cars, and wrongly accused drivers aren’t able to fight charges in front of a jury trial.
Repealing in-state tuition for illegal aliens:
While lawmakers talk tough on border security, little has been done to destroy a major magnet created nearly 15 years ago that entices illegal immigrants to the state: subsidized tuition to public universities.
Under the terms of a law passed in early 2001, illegal aliens are allowed to receive “in-state tuition” at the state’s public universities – the same discounted tuition rate offered to Texas residents — giving them a cheaper education than is available for U.S. citizens and legal residents from other states. That “cheaper” education comes from tax dollars paid by Texas taxpayers.
One more issue: banning paid lobbying by government entities.
Buckle up…
Tags:86th Texas Legislature, Dennis Bonnen, lobbyists, red light cameras, Republicans, Robin Hood tax, Tax Reform, Taxes, Texas
Posted in Republicans, Texas | 1 Comment »
Friday, February 16th, 2018
This has probably been my busiest February on record. Enjoy a complimentary Friday LinkSwarm, try the waitress and tip the veal:
“It’s doubtful you can find a more succinct example of TDS than a seemingly inebriated Democrat Senator asking the aggregate intelligence apparatus, during a public session of congress, to give specific details of U.S. covert intelligence efforts to thwart Russian, Chinese and North Korean cyber-warfare.” Democratic Senator Jack Reed continues to long, proud tradition of questionable Rhode Island political figures…
In January, the first month under the Trump tax cuts, the federal government pulls in record tax revenues and runs a surplus. (Hat tip: Ace of Spades HQ.)
“The Genius Of Trump’s Food Stamp Proposal: You’re Not Supposed To Like Being On Welfare.”
Michael Leeden thinks the Islamic Republic of Iran is doomed. (Hat tip: Ace of Spades HQ.)
Reminder: Everytown’s “school shooting statistics” are pure fabrication.
“Democrats Fleeing Blue States, Infecting Red States With Failed Liberal Disease.” (Hat tip: Director Blue.)
Not only are a new German frigate’s computer systems FUBARed, but the ship can’t even float right.
Wired writer doesn’t understand the difference between “Islamist” and “Muslim.”
“In Wake Of Corruption Trials, Maryland Ponders Disbanding Baltimore Police Department.”
For Travis County Sheriff Sally Hernandez, illegal aliens are more important than bullet-proof vests for officers.
Asian student at Harvard discovers that identity politics is a dead end.
“Stop Trying To Shove Women Into STEM.” “There’s this big push to get girls into STEM — while there’s no commensurate push to get women into oil rig work, no complaints that there aren’t enough women hanging off the back of garbage trucks.” Also:
We’ve recently found that countries renowned for gender equality show some of the largest sex differences in interest in and pursuit of STEM degrees, which is not only inconsistent with an oppression narrative, it is positive evidence against it. Consider that Finland excels in gender equality, its adolescent girls outperform boys in science, and it ranks near the top in European educational performance. With these high levels of educational performance and overall gender equality, Finland is poised to close the sex differences gap in STEM. Yet, Finland has one of the world’s largest sex differences in college degrees in STEM fields. Norway and Sweden, also leading in gender equality rankings, are not far behind. This is only the tip of the iceberg, as this general pattern of increasing sex differences with national increases in gender equality is found throughout the world.
Moron thinks poor people are too stupid to cook food.
Do you need carbs for Thyroid health? Science says no.
Cool. (Hat tip: Borepatch.)
Texas Democratic state Rep. Dawnna Dukes’ campaign is more than $700,000 in debt due to legal fees from the (now dropped) felony charges against her. And she’s running for reelection.
Bill Crider, RIP.
Setting ablaze a giant matchsphere.
Every book I bought in the last half of last year.
Tags:Atkins, Austin, Baltimore, Border Controls, Crime, Dawnna Dukes, Democrats, Everytown for Gun Safety, feminism, Foreign Policy, Germany, Guns, Harvard, Iran, Jack Reed, Jihad, Maryland, Michael Leeden, Military, Obituary, Sally Hernandez, Social Justice Warriors, Tax Reform, technology, Texas, Travis County, welfare, Welfare State
Posted in Austin, Border Control, Crime, Democrats, Foreign Policy, Guns, Jihad, Military, Social Justice Warriors, Texas, Welfare State | No Comments »
Friday, January 5th, 2018
Happy New Year!
How Donald Trump is restoring the S-curve.
What it’s like to be a New York Times reporter during the war on terror:
Success as a reporter on the CIA beat inevitably meant finding out government secrets, and that meant plunging headlong into the classified side of Washington, which had its own strange dynamics.
I discovered that there was, in effect, a marketplace of secrets in Washington, in which White House officials and other current and former bureaucrats, contractors, members of Congress, their staffers, and journalists all traded information. This informal black market helped keep the national security apparatus running smoothly, limiting nasty surprises for all involved. The revelation that this secretive subculture existed, and that it allowed a reporter to glimpse the government’s dark side, was jarring. It felt a bit like being in the Matrix.
It’s a long and informative piece, even if you don’t accept all of reporter James Risen’s analysis. And it really does show how badly our national security agencies leak…
The recently discovered vulnerability in Intel chips is really, really bad. And fixing it requires about a 5-30% performance hit on every OS that runs atop Intel processors. (Here’s a nice layman description).
More on the same topic from Borepatch.
“Crazy” like a fox: “The tougher the sanctions and rhetoric from the United States, the more flexible North Korea is becoming.”
40 companies offer Trump Tax Cut bonuses. (Hat tip: Director Blue.)
Germany outsources censorship. Evidently you’re not allowed to say anything critical of Muslims or “Muslim refugees,” ever. “How the Germans can’t see that such a law, in the hands of the wrong party, could be devastating is a mystery. I can only conclude such occurrences have no precedent in their country from which they could draw obvious lessons.” (Hat tip: Stephen Green at Instapundit.)
Scott Adams enumerates all the things President Donald Trump broke that needed breaking.
DACA isn’t what Democrats say it is.
Attorney General Jeff Sessions rescinds Obama-era memorandums on state-level legalized marijuana. Popehat thinks this is, at present, mostly cosmetic due to the Rohrabacher-Farr Amendment. I oppose federal marijuana prohibition on constitutional grounds: Regulating marijuana is not an enumerated power of the federal government, regulation is neither necessary nor proper (thus no 9th Amendment justification), and thus a matter entirely for the states absent any interstate commerce under the 10th Amendment.
“Mayor Sylvester Turner’s press secretary was suspended for two weeks without pay after she failed to turn over thousands of documents required to be released under Texas law. Darian Ward was asked to turn over emails relating to her work on non-city related projects, including a private side business called ‘Joy in Motion Productions.'” She must have gone to the Hillary Clinton School of Email FOIA compliance…
Dave Chappelle has a point. As gross, disgusting and socially unacceptable as having Louis C.K. masturbate on the phone with you is, if you let that dissuade you from pursuing a career in a field as hotly competitive as standup comedy, that’s on you. (Hat tip: Ann Althouse.)
“Genetic Study Supports Carbohydrate-Insulin Model of Obesity.”
Perfect season.
Dibs.
Tags:Atkins, Border Controls, Borepatch, business, censorship, Crime, Darian Ward, data security, Dave Chappelle, Democrats, Donald Trump, Germany, Houston, Intel, James Risen, Jeff Sessions, LinkSwarm, Louis C.K., marijuana, North Korea, Scott Adams, Sylvester Turner, Tax Reform, technology
Posted in Border Control, Crime, Democrats, Texas, unions | 2 Comments »
Thursday, December 21st, 2017
So tax cut bill finally passed the House and the Senate and is headed to President Donald Trump’s desk to sign.
Not a single Democrat voted for the bill, House or Senate.
It’s not a perfect bill, but there are a lot of good features:
“Lower Individual Tax Rates. The framework lowers rates for almost every tax bracket. The current seven brackets remain, but with new, generally higher income thresholds and lower rates.” Here’s a table from Business Insider:
“Larger Standard Deduction. The standard deduction is almost doubled, consolidating the additional standard deduction and personal exemptions into one larger deduction. For married joint filers, the deduction will be $24,000; for single filers, it will be $12,000. The expanded deduction simplifies tax filing by cutting the percentage of tax filers who will need to itemize their deductions in half. Approximately nine of 10 taxpayers will simply claim the new standard deduction.”
Lowered corporate tax rate to 21% down from a highest-in-the-world 35%.
Short-term business expensing incentives:
Temporary Expensing. The bill expands the current-law 50 percent bonus depreciation for new short-lived capital investments to 100 percent or “full expensing” for five years and then phases out over the subsequent five years. Expensing allows companies to deduct the cost of investments immediately and removes a current tax bias against investment.
The bill also expands expensing for small businesses under Section 179 by raising the cap on eligible investment from $500,000 to $1 million. The phaseout increases from a $2 million cap to a $2.5 million cap on total equipment purchases. In 2022, businesses will no longer be able expense their research and development costs; this is a step in the wrong direction toward longer write-off schedules rather than toward expensing.
“For a vast majority of Americans, the Tax Cuts and Jobs Act will lower their federal tax bill in 2018. This is accomplished through lower tax rates, a larger standard deduction, and an expanded child tax credit. Most of the individual tax changes revert to current law before 2025 to meet political constraints and Senate budget rules. Although temporary tax policy is never ideal, the expirations give Congress an incentive to revisit the tax code in the coming years to provide more far-reaching and permanent reform.”
The hated ObamaCare mandate has been eliminated.
The not-great part:
Many Special-Interest Subsidies Remain. A large subsidy for domestic manufacturing is eliminated, but most other credits and deductions marked for repeal in the original House bill remain in the conference report. Among the surviving subsidies are tax credits for electric vehicles, wind-energy production, energy-efficient buildings, historic rehabilitation, orphan drugs, new market investments, and employer-provided child care. The conference report also adds a new tax credit for employers who provide paid family and medical leave.
The tax foundation estimates that taxes will go down for almost every household.
The reaction from various businesses was swift: AT&T, Comcast, Wells Fargo and Boeing all announced they’ll be handing out raises and bonuses in the wake of the bill’s passage.
Despite predictions to the contrary, America still seems to be intact and millions have not been slain in the wake of its passage.
Tags:AT&T, Boeing, Comcast, Donald Trump, ObamaCare, Republicans, Tax Reform, Taxes, Wells Fargo
Posted in Budget, ObamaCare, Republicans | No Comments »
Friday, April 28th, 2017
It’s been a week, so enjoy an extra-late Friday LinkSwarm
There’s lots of meat in President Trump’s tax reform proposal:
Individual Reform
Tax relief for American families, especially middle-income families:
Reducing the 7 tax brackets to 3 tax brackets of to%, 25% and 35%
Doubling the standard deduction
Providing tax relief for families with child and dependent care expenses
Simplification:
Eliminate targeted tax breaks that mainly benefit the wealthiest taxpayers
Protect the home ownership and charitable gift tax deductions
Repeal the Alternative Minimum Tax
Repeal the death tax
Repeal the 3.8% Obamacare tax that hits small businesses and investment income
Business Reform
15% business tax rate
Territorial tax system to level the playing field for American companies
One-time tax on trillions of dollars held overseas
Eliminate tax breaks for special interests
Texas House passes anti-Santuary City bill that fines officials for violating federal immigration laws.
North Korean ballistic missile test fails. Cue the sad trombone.
Obama’s Iran deal was even worse than we thought. “By dropping charges against major arms targets, the administration infuriated Justice Department officials — and undermined its own counterproliferation task forces.”
If Democrats keep moving left, they could experience another election like 1972:
The highest-profile Democratic-party supporters are increasingly smug Hollywood actors, rich Wall Street and Silicon Valley elitists, and embittered members of the media, along with careerist identity groups and assorted protest movements — a fossilized 1972 echo chamber.
Democrats’ politically correct messaging derides opponents as deplorable racists, sexists, bigots, xenophobes, homophobes, Islamophobes, and nativists. That shrill invective only further turns off Middle America. Being merely anti-Trump is no more a successful Democratic agenda than being anti-Nixon was in 1972.
If the election were held today, Trump would still beat Clinton.
Former Mayor of Hubbard, Ohio pleads guilty to raping a four year old. Go ahead, guess which party he’s a member of.
The Other McCain does his part for sexual assault awareness month.
The media does indeed live in a bubble, both geographic and ideological, of its own making.
Hundreds of illegal voters in North Carolina. (Hat tip: Ace of Spades HQ.)
Nancy Pelosi: tried, drunk or stroke? (Hat tip: Director Blue.)
107 Cancer Papers Retracted Due To Peer Review Fraud. But don’t worry: All climate science is completely on the level…
When Democratic Senate candidate Beto O’Rourke swore up and down he never hire any campaign consultants, what he meant was he’d hire some.
“Facebook and Google confirmed as victims of $100M phishing scam.” (Hat tip: Stephen Green at Instapundit.)
President Trump as a systems thinking President.
NYPD corruption scandal. Bribes? Check. Guns? Check. Prostitutes? Check. (Hat tip: Dwight.)
Marine Le Pen heads to a runoff with Emmanuel Macron on May 7. Is there a better figurehead for modern Globalism than a Socialist investment banker?
Dishonest medical equipment startup Theranos used a shell company to secretly buy outside lab equipment to actually run the lab tests they were faking as coming from their own equipment. And check out that picture caption: “[CEO] Elizabeth Holmes speaks at the Clinton Global Initiative Annual Meeting.” Because of course she did.
Liberals love denouncing the imaginary Christian theocracy of The Handmaid’s Tale (now a miniseries) because it keeps them from having to think about the real Islamic ones oppressing women all over the world right at this very moment.
Related: “Lesbian Couple Discover Islamic Culture During Exciting International Trip.”
“When God sends a Plague of Wild Boars against you, he’s done sending messages, and is now sending armored bacon.”
Less than half of Democrats know a gun owner.
Richard Gere blacklisted in Hollywood on China’s orders.
Sonny Bunch has some “helpful” advice for Democrats. (Hat tip: Stephen Green at Instapundit.)
Nordstrom selling $425 fake muddy jeans. (Hat tip: Director Blue.)
You too can own a baseball inscribed to Justice Antonin Scalia by Joe DiMaggio.
“My Boyfriend Ate Nothing But Pineapple For A Week And Now His Dick Is Covered In Bees.”
Tags:2016 Presidential Race, Beto O'Rourke, cancer, Clinton Global Initiative, corrupt scumbags, corruption, Democrats, Donald Trump, Dubai, Elizabeth Holmes, Emmanuel Macron, Facebook, Foreign Policy, France, Google, Guns, Iran, Jihad, LinkSwarm, Marine Le Pen, Media Watch, Nancy Pelosi, New York City, Nordstrom, North Carolina, nuclear weapons, NYPD, Obama Scandals, pedophilia, rape, Robert Stacy McCain, sanctuary cities, Satire, Social Justice Warriors, Tax Reform, Texas, Theranos
Posted in Border Control, Crime, Democrats, Economics, Elections, Foreign Policy, Guns, Jihad, Media Watch, Social Justice Warriors, Texas | No Comments »