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On this Day 34 Years Ago: President Reagan’s Economic Tax Recovery Act of 1981

On this day 34 years ago, President Ronald Reagan signed the Economic Tax Recovery Act of 1981, the largest tax cut in American history. For President Reagan, raising taxes meant that Washington knew how to best spend the people’s money. That is why he did the opposite. President Reagan was keen on the idea that […]

Tax Reform: A Hot Topic at the GOP Debate

Twenty four million Americans tuned in last Thursday to watch the top ten polling 2016 presidential candidates describe and defend their positions on hot topics and reforms they would seek to enact as president. As expected, tax was on the minds of many of the top contenders. Over the course of the two hour debate, […]

Tax Reform at the Voters First Presidential Forum… Did You Know?

Monday’s 2016 Voters First Presidential Forum in New Hampshire brought together fourteen of the GOP Presidential Candidates. Eleven candidates directly addressed the need for tax reform. Rick Santorum, Rand Paul, Bobby Jindal, and Ben Carson referred to their plans to institute a flat tax. Scott Walker, John Kasich, and Chris Christie talked of reducing taxes […]

Senate Finance Committee Tax Extenders

On Tuesday, the Senate Finance Committee approved $95 billion in tax extenders by renewing 52 temporary tax breaks. In a 23-3 decision, the Committee voted to move the bill to full Senate consideration. The tax breaks, which expired at the end of 2014, will continue for two years through 2016. “While some tend to write […]

The Importance of Trade in America

Congress passed Trade Promotion Authority last month and while policymaker’s focus is no longer on trade, it is important to reflect on how essential the passage of strong trade legislation is to our nation. As the Office of the United States Trade Representative in the Executive Office of the President touts, “Trade keeps our economy […]

A Comprehensive Tax Reform Plan: Action from the Senate Finance Committee

The presidential candidates are not the only ones with plans to modernize the tax code. Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) assembled five tax working groups to craft their own tax proposals. After five tax reform hearings, the committee announced they would ask Senators and the public to […]

Tax Reform Takes Center Stage on Campaign Trail

With so many candidates entering the 2016 presidential race, it is important for each candidate to use their platform to differentiate themselves from the others. With the goal of gaining positive attention from voters, candidates hope to position themselves as more favorable than their competitors. This week, Marco Rubio spoke in Chicago about the need […]