Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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Jay Old Leaves the Door Open to Tax Hikes http://t.co/A2qdFjUf
May 25, 2012 05:03 PM
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May 25, 2012 04:46 PM
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May 25, 2012 03:48 PM
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May 25, 2012 02:32 PM
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May 25, 2012 11:06 AM
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May 25, 2012 11:06 AM
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Just the Facts on Big Spending http://t.co/P3pj3ZN0
May 24, 2012 03:17 PM
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Jim Pendergraph Supports $2 Trillion Tax Hike http://t.co/LF6ieJuZ
May 22, 2012 06:18 PM
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Maryland Governor Martin O’Malley: Barack Obama, Jr. http://t.co/lzrcRtSj
May 22, 2012 03:33 PM
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EPA's War on Fossil Fuels http://t.co/gzORlViU
May 22, 2012 02:18 PM
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Proposed Energy Taxes Would Result in the Loss of 150,000 Jobs
A new study warns that President Obama’s proposed energy taxes would impel job loss, reduce economic activity, and deprive states of much needed tax revenue. Examining the economic impact a repeal of Section 199 and a rewriting of dual-capacity tax law for oil and natural gas producers would have on the economy, Dr. Joseph R. Mason reveals how imprudent these proposals are.
Published by the American Energy Alliance, Dr. Mason finds that repealing these tax deductions—which are enjoyed by every domestic company—only for energy producers would result in:
- The loss of over 150,000 jobs across the country by the end of 2011
- The loss of 56,000 jobs, and $24 billion in wages, to the Gulf community
- A loss of $68 billion dollars in wages nationwide
- The loss of $18 billion in local government revenue
- The loss of $65 billion in federal revenue
- $341 billion dollars in reduced U.S. economic activity between 2011 and 2020
It is important to note that these tax hikes—and subsequent economic repercussions—have been proposed in the Presidential FY 2011 Budget and used as “pay-fors” by Democrats in numerous pieces of legislation.
