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Entrepreneurs and small businesses are being crushed by an outdated, confusing and counter-productive tax code.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.
So it's official, according to the U.S. Commerce Department: This is the worst cyclical economic recovery since World War II.
But look at the bright side: At least Barack Obama managed to double the nation's debt in just seven years and ran up the worst deficits in history achieving it.
Obama and his apologists habitually claim credit for revitalizing the economy and sparing us from the next Great Depression. It's closer to the truth, however, to say that he inherited an incipient recovery, not a recession. And his economic stewardship hasn't saved the nation's…
"In an election season that has been full of surprises, let's hope the electorate understands that there is at least one thing of which it can be certain: A Hillary Clinton presidency will be built, from the ground up, on self-dealing, crony favors, and an utter disregard for the law. This isn't a guess. It is spelled out, in black and white, in the latest bombshell revelation from WikiLeaks. It comes…[more]