Entrepreneurs and small businesses are being crushed by an outdated, confusing and counter-productive…
CFIF on Twitter CFIF on YouTube
Begrudgingly Celebrating the 30th Anniversary of the Tax Reform Act of 1996

Entrepreneurs and small businesses are being crushed by an outdated, confusing and counter-productive tax code. And businesses aren’t the only ones being squeezed.  The United States has the highest business tax rate in the world, which is costing American families $3,000 per year in spending power.

Yet despite these challenges, last week marked a staggering 30 years since Congress last passed major tax reform.

Working together, the next president and Congress can deliver for America's taxpayers by simplifying the tax code and setting a fair business rate of no higher than 25 percent within the first 100 days.

It’s time for Congress to get to work!…[more]

October 26, 2016 • 12:41 pm

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Living Social(ist): Alerting America to Dumb Government Policies Print
By CFIF Staff
Thursday, September 02 2010

Act Now: Congress and Obama Want Preferential Tax Treatment for Foreign-Owned Energy Producers

CFIF has released a Living Social(ist): Bad Deal Alert, a new take on the trendy deal-of-the-day email coupon services exploding in popularity across the country. Instead of offering half-priced chocolate spa baths or $1 admissions to your local petting zoo, we highlight a truly foolish idea currently being considered by President Obama and Congress.

This particular "coupon" – which is being offered to foreign, mostly state-owned energy producers like Hugo Chavez’s Citgo – calls attention to a dubious new tax hike in the president’s proposed 2011 budget. It’s a great deal for foreign competitors as it would double-tax domestic oil and gas producers on money earned overseas, leaving foreign-owned companies with a competitive advantage in the marketplace. Plus, it comes with the added benefit of limiting America’s access to energy resources that fuel our economy, provide 9 million domestic jobs and ensure our access to affordable energy. 

[+] (enlarge)

We hope this humorous take on a serious issue will inspire readers to join CFIF in opposing this job-killing proposal.

Remember, by doing away with the credit for dual capacity taxes for America’s oil and gas industry, Congress and the president would effectively be handing jobs, revenue and investment to foreign and mostly state-owned oil companies in Venezuela, China and the Middle East. And it would reduce America’s energy independence and security, while raising energy prices for American families.   

Contact your representatives in Congress now. Tell them “NO” to preferential tax treatment for foreign oil, “NO” to changes in the dual capacity tax laws. 

And, please help us spread the word by sharing this with your friends, colleagues and family members.

Question of the Week   
How many viewers watched the first-ever televised presidential debate?
More Questions
Quote of the Day   
"From start to finish, it is obvious that the FBI gave Clinton special treatment. The failure to empanel a grand jury and issue subpoenas, the granting of five immunity deals to her aides, and the agreement to destroy potential evidence all lead to the conclusion that Comey bent the rules to make sure Clinton was cleared. Rabid Clinton supporters comfort themselves by insisting that those who do not…[more]
—Michael Goodwin, New York Post
— Michael Goodwin, New York Post
Liberty Poll   

Open Enrollment for 2017 ObamaCare coverage begins Nov. 1. The administration plans to push to enroll more young people, the majority of whom have declined, despite fines for non-compliance. Will the new efforts be any more successful than previous ones?