Today's eye-opening Image of the Day, courtesy of the Tax Foundation: [caption id="" align="aligncenter…
CFIF on Twitter CFIF on YouTube
Image of the Day: Americans Pay More On Taxes Than Food, Housing & Clothing Combined

Today's eye-opening Image of the Day, courtesy of the Tax Foundation:

[caption id="" align="aligncenter" width="600" caption="Americans' Tax Burden"][/caption]…[more]

April 27, 2017 • 05:14 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   
Complete the famous phrase: “No man’s life, liberty or property are safe ...”
More Questions
Quote of the Day   
 
"The president's tax proposal -- a big, swashbuckling vision for enacting pro-growth principles -- offends many on the left by its very nature. Within a few minutes of its release, liberal economists, politicians and pundits were ripping it as a payoff to the wealthy, a deficit buster, regressive, unrealistic. That alone is proof Mr. Trump is getting the policy right. Yet what Mr. Trump may be doing…[more]
 
 
—Kimberley A. Strassel, The Wall Street Journal
— Kimberley A. Strassel, The Wall Street Journal
 
Liberty Poll   

The media is having its say. Now have yours. What grade do you give President Trump for his first 100 days?