2 results for search: Newman


Taxpayers to lose tens of billions on GM “investment”

Since the Bush/Obama bailouts of General Motors in 2008 and 2009, respectively, the government has been badgered by fiscal conservatives and business-minded people to divest of its shares in General Motors. Unfortunately, as Rick Newman writes at US News, losses to the taxpayers could near $40 billion even as divestment begins taking place. Back in June, a paper by Heritage Foundation Senior Labor Policy Fellow James Sherk found losses to the taxpayer were entirely due to special treatment given to the United Auto Workers (UAW). According to Sherk in an e-mailed statement on Dec. 20, “Virtually none of these losses were necessary to keep GM ...

Tax Reform

Our country’s tax code is unfair, punitive and out of control. [1]  The complicated web of loopholes and deductions hinders opportunity for Americans to save for college, retirement or other important quality of life concerns.  Simply put, we want hard working Americans to keep more of the money they earn. When given the choice between paying higher taxes and receiving fewer government services, a vast number of Americans chose receiving fewer government services.  This makes sense when we see that Americans – by a roughly 70 to 20 margin - believe the way to solve our fiscal challenges and grow the economy is by cutting spending rather than ...