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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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Tax Pledge Alert: ATR Will Kevote Against
Cloture Vote on Amendment to H.R. 1586
Tax Pledge Alert: ATR Will Keyvote Against Cloture on Reid Amendment to H.R. 1586
Cloture Vote Violates Taxpayer Protection Pledge
Americans for Tax Reform will rate a vote AGAINST a cloture motion on Senator Reid’s amendment to H.R. 1586. His amendment increases spending on government school funding and Medicaid. It “pays for” this new spending (in part) with $9.8 billion in income tax increases. Because this bill is a NET INCOME TAX HIKE, it violates the Taxpayer Protection Pledge that 33 senators have made to their constituents and the American people.
The Reid amendment violates the Taxpayer Protection Pledge. ATR will be key-voting against cloture.
The tax increases in question are all tax hikes on U.S. employers doing business overseas. By raising these taxes, it will be more likely that jobs and entire companies will be shipped overseas. The U.S. has the highest corporate income tax rate in the developed world, and double-taxes international income on top of this. Tax relief in the law is intended to combat the worst effects of this double-taxation. Removing the tax relief and raising taxes will only serve to push jobs and businesses out of the country. The proper way to handle these tax provisions is in the context of international tax reform which is—at worst—tax revenue-neutral and involves a lower corporate tax rate. Raising taxes to pay for a state budget bailout is bad economics and bad tax policy.
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Posted by Ryan Ellis 
on Tuesday, August 3, 2010 6:19 PM EDT
on Tuesday, August 3, 2010 6:19 PM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
