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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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ATR Applauds the Expiration of “Temporary” Tax Introduced in 1976
Federal Unemployment Tax Act (FUTA) surtax, extended eight times over 35 years, finally comes to an end.
Rep. Dave Camp (R-Mich) announced yesterday that House Republicans will not be extending a harmful tax on jobs, known as the FUTA surtax:
“The time was October 1976. KC and the Sunshine Band encouraged Americans to 'Shake Your Booty' and the Bee Gees proclaimed that 'You Should Be Dancing.' And Congress created a supposedly 'temporary' Federal unemployment tax on jobs, sometimes called the Federal Unemployment Tax Act (FUTA) 'surtax.' Today, after 35 years and eight separate extensions of this provision, the surtax will expire as House Republicans, led by Ways and Means Committee Chairman Dave Camp (R-MI) have refused to entertain an extension of this 'temporary' tax on jobs beyond its current June 30, 2011 expiration date.
Discussing the expiration of the FUTA surtax, Camp stated, ‘The death of any tax on jobs – no matter how big or small – is a historic moment and one to be celebrated. The fact that it has taken 35-years for this ‘temporary’ tax to expire clearly illustrates the dangers of higher taxes – once in place, they are unlikely to ever go away. We need employers paying more salaries, not paying higher taxes. And when the surtax expires, job creators will get a little and long overdue relief.’”
When the FUTA surtax was first enacted, this man was president of the United States. The Kansas City Royals had a winning record. “Rocky” took home the Oscar for Best Picture.
Number 1 on the Billboard Hot 100 in 1976:
Needless to say, 1976 was a long, long time ago. ATR is pleased that this horrible surtax has finally expired and will likely never return.
In the comments section, let us know which onerous taxes you would most like to see expire.
