421 results for search: businesses


Internet businesses, taxes, & Senator Mitch McConnell

In late April, Senate Minority Leader Mitch McConnell (R-KY) spoke against the Marketplace Fairness Act. The Senator’s comments – seen in full here – deserve both criticism and praise for philosophically sound positions and an awareness of the complexity of America’s various tax codes mixed in with factually inaccurate assessments of the Act. First, where the Senator was correct. As part of his statement, Senator McConnell said there are “there are nearly 10,000 state, local and municipal tax codes nationwide.” Glenn Kessler examined this at The Fact Checker, and found the following: McConnell’s office said he got the figure from ...

Obamacare Impact: Small Businesses Hurt by Obamacare.

Mike G is a small business owner. Read his story about how Obamacare is taking money out of his pocket. Last year I was robbed of $4,600, I am currently being robbed as I speak, and my employees who have health insurance are also being robbed. In fact did you know that over a million small family run businesses that provide health insurance for their employees are also being robbed at this very moment? We can’t call the police we can’t call the FBI, the CIA, Not even Superman or Captain Marvel can even help! We are being robbed due to the implementation of the Patient Protection and Affordable Care Act. Which was created by the new Super ...

Rep. Campbell Proposes New Property Insurance Options for Businesses

Many businesses, especially in high risk areas like hurricane territory have few options for low cost insurance. Some have turned to forming captive insurance entities such as risk retention groups which are insurance companies owned by their own company or an association of similar companies to meet their needs. These entities are currently not able to provide commercial property insurance to their insured owners. Rep. John Campbell has authored the Risk Retention Modernization Act (HR 2126) with his cosponsor Rep. Peter Welch (D-VT) to try to change this. “This bill addresses a critical need in commercial insurance for business entities. ...

Expert: ‘Tax reform doesn’t need to be a bad romance between taxpayers and policymakers’

The Taxpayers Protection Alliance this Valentine’s Day is asking congressional lawmakers to show a little love for tax reform. The Hill has the details: The organization is running a campaign this week called “Love is Patient, Taxpayers Aren't” that is aimed at ensuring comprehensive tax reform stays a priority for lawmakers and their staff, the group said. As part of the campaign, TPA is sending eCards to all Congress members and their staff that feature Valentine's Day-themed tax facts. For example, an eCard would say “American Businesses pay between $18-19 billion to comply with taxes. That’s enough to buy nearly 900 million boxes ...

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Dunkin’ Brands CEO: ‘Lawmakers should be working to simplify the tax code’

Dunkin’ Brands CEO  Nigel Travis today went a step further after praising Congress for passing the Protecting Americans from Tax Hikes Act of 2015 (PATH), sponsored by Rep. Kevin Brady (R-Texas), which makes permanent tax extenders that left many small-business owners biting their nails till the eleventh hour – he urged lawmakers to keep the tax-reform momentum rolling. Read a portion of his column from The Hill: As the chairman and CEO of Dunkin’ Brands, the franchisor of Dunkin’ Donuts and Baskin-Robbins, I applaud Congress and President Obama for the passage of these permanent extensions of key tax provisions and the long-term extens...

Iowa-based CEOs: It’s time for Washington to tackle our national debt

Chief executive officers from three Des Moines, Iowa-based businesses – Fred Buie of Keystone Electrical Manufacturing; Dan Houston of Principal Financial Group; and Robert Ritz of Mercy Medical Center – sounded off this week about the national debt during a pre-caucus roundtable, saying our debt curbs innovation and growth. The Des Moines Register has the details: “I expect to see the next administration … control costs, but we’ve got to figure out a way to grow the economy. It’s been about 2 percent per year for the last three or four years and that’s just not enough,” said Fred Buie, president of Keystone Electrical Manufactur...

Tea Party Patriots Weekly Report From Washington for 1/25/16

Tea Party Patriots Weekly Report from Washington for 1/24/16 CALENDAR: The House has declared a “Snow Week,” and will not be in session this week. The Senate will come back into session Wednesday, and then they’re scheduled to stay in through Friday. LAST WEEK ON THE HOUSE FLOOR: The House was in recess last week, so nothing of note happened on the House floor. THIS WEEK ON THE HOUSE FLOOR: Nothing – it’s a Snow Week! LAST WEEK ON THE SENATE FLOOR: On Tuesday, the Senate opened its week with a vote to confirm Wilhelmina Marie Wright of Minnesota to be U.S. District Judge for the District of Minnesota. ...

Economist: It’s time for a ‘massively simpler’ tax code

John Cochrane, senior fellow at the Hoover Institution at Stanford University, is calling on legislators to overhaul the tax code in a way that puts fewer burdens on everyday Americans. Cochrane outlines his plan in a column for The Wall Street Journal: The first goal of taxation is to raise needed government revenue with minimum economic damage. That means lower marginal rates—the additional tax people pay for each extra dollar earned—and a broader base of income subject to tax. It also means a massively simpler tax code. In my view, simplification is more important than rates. A simple code would allow people and businesses to spend more ...

5 Times Obamacare was terrible for America

It’s no surprise that President Obama set a red tape record this week, reaching 545,857 total pages of regulations since his administration began in 2009. What can you expect when a president’s landmark legislation saddled American businesses and families with a costly, complicated healthcare mandate? Whether it’s shutting down schools or closing your favorite local restaurant, Obamacare has been bad for America since it was signed into law more than five years ago. Here are five examples from this year showing how badly we need to repeal Obamacare. The healthcare mandate was too much for a Nashville, Tenn.-based deli that closed its ...