Hannah Daniel

IRS Chief: We are running out of space on the 1040

Share on Facebook
Tweet this Story
Pin this Image

Posted by Hannah Daniel on Thursday, April 6th, 2017, 1:37 PM PERMALINK

The tax code has gotten so complex that the IRS is running out of space on the Form 1040. The IRS has even resorted to shrinking the font size and adding lines, but things are now at a breaking point even for the tax collectors.

On Wednesday, IRS Commissioner John Koskinen made his annual address to the National Press Club in Washington D.C.

Koskinen said:

“I do know that the space crunch on the 1040 has gotten to a critical point. Over the years, as the tax code has been changed countless times, we’ve added lines, and kept shrinking the font size, so everything could still fit on two pages. But there’s a limit to what our experts in our Forms and Publications division can squeeze onto two pages.”

This observation is more proof that comprehensive tax reform cannot wait. Luckily, the House GOP tax reform plan is a dramatically pro-growth overhaul of the tax code that will allow Americans to file on a postcard.

Speaking of Koskinen, it’s time for him to move along. Ways and Means Republicans this week sent a letter to President Trump calling for Koskinen’s removal.


Grover Norquist: Tax Reform Should Be Permanent


Posted by Hannah Daniel on Thursday, April 6th, 2017, 10:59 AM PERMALINK

ATR President Grover Norquist appeared on CNBC’s Power Lunch Wednesday along with Larry Kudlow. Norquist emphasized the idea that all tax reform should be permanent, such is the House GOP tax plan.

Norquist said:

“The House has put together a plan which is coherent, I think it’s fine. It always could be improved, also could be badly damaged if they go in the wrong direction. But it would be a permanent tax reduction. So the question we have to ask is, do you stay within the bounds of what allows you to make it a permanent tax reform, permanent reduction in taxes, so that you can do it with fifty-one votes in the senate, otherwise nothing happens. There are no Democrat votes for any tax increase any time in the next twenty-five years, but at least the next twenty-five months. So you really want to ... make it permanent.”

More from Americans for Tax Reform


Norquist on Infrastructure: Time to Abolish Davis-Bacon

Share on Facebook
Tweet this Story
Pin this Image

Posted by Hannah Daniel on Tuesday, April 4th, 2017, 2:56 PM PERMALINK

ATR president Grover Norquist was a guest on Fox Business Network’s Varney & Co. today for a discussion of a variety of issues including infrastructure. Norquist praised the Trump approach on speeding up the permitting process for projects, and also made the case for why the cost-inflating Davis-Bacon Act needs to be abolished:

Norquist: “It’s not the amount of money that’s being spent, it’s how wisely or unwisely you spend it. Eight years to permit a road or to have to do an environmental study to widen a road as if caribou had moved into the fourth lane within the last six months -- this is nonsense. That permitting needs to be sped up and that’s what dramatically drops the cost of the new road, a wider bridge, pipelines, and so on.

“Davis-Bacon, Davis-Bacon, Davis-Bacon has got to go. Why throw money into something when you know a quarter to a third of it is being misdirected for political purposes? Many states have ended their mini Davis-Bacons. West Virginia recently did, Wisconsin recently did, that needs to be done in all fifty states, and certainly Washington needs to as well.”

Photo Credit: S. Lowe

More from Americans for Tax Reform


Fox News: 73% of Americans Want Tax Reform

Share on Facebook
Tweet this Story
Pin this Image

Posted by Hannah Daniel on Thursday, March 30th, 2017, 3:59 PM PERMALINK

According to a survey conducted by Fox News released yesterday, 73% of Americans responded “yes” to the question, “Do you think the country’s tax system should be reformed this year?”.

In addition, the study found that 45% of Democrats think their taxes are too high, and 61% of Democrats want to see tax reform happen this year.

Fox News conducted this poll in conjunction with Anderson Robbins Research and Shaw & Company Research. The entire study is available here.

Photo Credit: 
https://www.flickr.com/photos/pictures-of-money/

More from Americans for Tax Reform


Norquist: Obamacare Repeal Must Come Before Tax Reform, “Because The Alternative Is Too Awful.”


Posted by Hannah Daniel on Wednesday, March 29th, 2017, 3:56 PM PERMALINK

Today ATR President Grover Norquist was a guest on Fox Business Network’s Varney & Company. Norquist made clear that Obamacare repeal/replace needs to get done BEFORE tax reform.

Stuart Varney, host: “I want a prediction. Will we go back and get rid of Obamacare in the immediate future? Are we going to do that quickly, as the president said?”

Norquist: “I believe we will, and the reason is that the alternatives are awful. And the people who voted ‘no’ thought they were negotiating, and doing something on healthcare. They didn’t understand they were sinking fundamental tax reform if we didn’t get healthcare first. Why? Because there’s a trillion dollars per decade in tax reduction in getting rid of Obamacare. Obamacare was a series of twenty taxes adding up to a trillion dollars in a decade, and they put a stethoscope on it and called it Obamacare. It was an additional trillion dollars in spending. This is the largest spending and tax cut most of these congressmen will ever vote on in the rest of their lives.”

Varney: “To repeat, Grover Norquist, the guy who knows his way around Washington, he says, yes, it will be done. Correct?”

Norquist: “Yes, because the alternative is too awful.”

Varney & Co. airs Monday through Friday from 9:00 a.m. to 12:00 Noon on the Fox Business Network.

More from Americans for Tax Reform


Norquist: AHCA is One of the Most Conservative Pieces of Legislation DC Has Ever Seen


Posted by Hannah Daniel on Wednesday, March 22nd, 2017, 10:01 AM PERMALINK

ATR President Grover Norquist appeared on Mornings with Maria on the Fox Business Network to discuss the American Heath Care Act, calling it “one of the most conservative pieces of legislation this town has ever seen,” and tax reform, explaining that border adjustability is necessary in order to pay for the planned tax cuts in the House Republican tax blueprint.

On the repeal bill, Norquist said:

“To criticize the Trump-Republican plan, which cuts spending by $1.2 trillion a decade and taxes by $900 billion, reforms Medicaid by block granting it and giving us HSAs, it’s a little hard not to recognize that as one of the most conservative pieces of legislation that this town has ever seen. I'm always for improving whatever we do, and so the questions raised by the Freedom Caucus and the Republican Steering Committee, these are fine questions, and there are negotiations that appear to be moving very quickly to make some changes in the package that Trump and the Republicans will find fine.”

On tax reform, Norquist said:

“Border adjustability raises a hundred billion a year, or a trillion dollars over a decade. That’s part of paying for about the other three and a half trillion in tax cuts. Part of it is done by reducing the expected revenue that happens in fixing Obamacare by a trillion dollars, that gives us another trillion, six hundred billion we got by making the extenders permanent, we got almost a trillion dollars by looking at it in dynamic scoring, but now we need more resources if you’re going to take the rate down to twenty, and that’s where border adjustable or something like it gets in.”

Click below to watch the interview:

More from Americans for Tax Reform


Repeal Bill Abolishes Obamacare’s Chronic Care Tax on Middle Class

Share on Facebook
Tweet this Story
Pin this Image

Posted by Hannah Daniel on Monday, March 20th, 2017, 12:11 PM PERMALINK

Obamacare’s Chronic Care Tax is an income tax hike that hits 10 million households that happen to have high out of pocket medical expenses in a given year – the average income of households paying this Obamacare tax is $53,000

Though rarely if ever mentioned by the mainstream media, Obamacare is loaded with tax hikes on the middle class. Today we look at just one of these taxes, the Obamacare Chronic Care Tax:

-The Obamacare Chronic Care Tax violated Obama’s middle class tax pledge. Obamacare imposed a $1 trillion tax hike on the American people, and violated President Obama’s own “firm pledge” not to raise any form of tax on any middle class American. One of the most widespread Obamacare tax hikes is the Chronic Care Tax.

-The Obamacare Chronic Care tax is an income tax hike. Before Obamacare, Americans facing high out of pocket medical expenses were allowed an income tax deduction to the extent that those expenses exceeded 7.5 percent of adjusted gross income (AGI). Obamacare now imposes a threshold of 10 percent of AGI. Therefore, Obamacare not only makes it more difficult to claim this income tax deduction, it widens the net of taxable income.

-The Obamacare Chronic Care Tax hits at least 10 million American households each year. According to IRS data, each year approximately 10 million households are hit with the Obamacare Chronic Care Tax, and nearly all were middle class. The average household income of those hit with this Obamacare tax: $53,000.

-The Obamacare Chronic Care Tax is a $35 Billion Tax Hike over 10 years. By raising the threshold that Americans can claim the chronic care tax deduction to 10 percent, ATR estimates that the income tax increase for the average family claiming this tax deduction is $200 - $400 per year. The latest CBO score shows that the Obamacare Chronic Care tax hits these families with $35 billion in higher taxes over ten years.

-The Repeal Bill abolishes the Chronic Care Tax, providing significant tax relief for low and middle income households. The AHCA restores the pre-Obamacare 7.5 percent threshold, providing significant middle class tax relief.

More from Americans for Tax Reform


Norquist On Tax Reform: “Voters Are Smarter Than The Democrats Think They Are.”


Posted by Hannah Daniel on Thursday, March 16th, 2017, 3:32 PM PERMALINK

Today ATR president Grover Norquist was a guest on Fox Business Network’s Varney & Company. Grover and Stuart Varney discussed Rachel Maddow’s Al Capone vault debacle, Obamacare repeal, and federal tax reform. See highlights and video below:

Norquist: “The repeal of Obamacare is somewhere around $900 billion in reduced taxes in the next decade including for people with Flexible Spending Accounts, Health Savings Accounts, and many middle class tax cuts. They [the Left and Democrats] don’t want to talk about that. They certainly don’t want to talk about taking the business tax down from 35 percent to 20 percent, the individual rate down to three rates, getting rid of the Death Tax, getting rid of the AMT. These are very popular with the American people. They would be very helpful to the economy. They would rather talk about whether we saw a 12 year old tax return number which points out that the president paid 25 percent of his earnings in federal taxes. That’s before you get to state taxes and local taxes in New York.”

Norquist: “Voters are smarter than the Democrats think they are. In Obamacare, there is a tax on prescription drugs. Poor people, low income people, middle income people buy prescription drugs. They know that a tax on prescription drugs is a tax on them. They know that a tax on insurance policies if they have insurance is a tax on them, not the insurance company. The insurance company doesn’t have any money that they don’t get from you and me and the general public when they sell insurance. They understand that taxes on businesses are what keep them or their brother or their sister or spouse from having a job. So the American people are a lot wiser than the left-wingers think they are. They understand the damage that tax does may be indirect, but it hurts.”

View the full interview below

More from Americans for Tax Reform


Norquist Praises House GOP Tax Plan


Posted by Hannah Daniel on Monday, February 27th, 2017, 4:02 PM PERMALINK

 

On Monday ATR president Grover Norquist appeared on C-SPAN’s Washington Journal to discuss the House GOP tax plan along with Adam Posen, the president of the Peterson Institute. Outlining the key points of the proposed Republican plan, Norquist highlighted the pro-growth elements that House leaders have included in the blueprint.

More from Americans for Tax Reform


Norquist: Trump and House GOP Tax Reform Plan Coming Together

Share on Facebook
Tweet this Story
Pin this Image

Posted by Hannah Daniel on Tuesday, January 17th, 2017, 3:28 PM PERMALINK

ATR president Grover Norquist was a guest today on Mornings with Maria on the Fox Business Network to discuss tax reform. He said:

The big story over time is how Trump’s plan and the House Republican plan – Chairman Brady and Paul Ryan – have come together. Remember, Trump started at 15% -- the corporate rate – and the Republican plan started at 25%. When they updated it they moved it to 20% towards where Trump was. Trump’s was the only Republican plan, of all the 1500 Republican candidates for president, he was the only one who didn’t include full expensing for business investment in his first plan. Second plan, he joined with the House in going to full expensing for business. So rather than long depreciation schedules, you expense it the first year. Very powerful pro-growth tool. So on both of the drivers of growth, full expensing and a lower corporate rate, the Trump plan and the House Republican plan have moved towards each other in the right direction.

The full video can be found here

Photo Credit: 
Gage Skidmore https://www.flickr.com/photos/gageskidmore/

More from Americans for Tax Reform


hidden
×