38 results for tag: taxes


Tea Party Patriots Citizens Fund Weekly Report from Washington for 4/30/18

CALENDAR: The House and Senate are both in recess this week. Both House and Senate will return to work on Monday, May 7. LAST WEEK ON THE HOUSE FLOOR: The House came back to work on Tuesday and passed two bills under Suspension of the Rules. On Wednesday, the House took up and passed both H.R. 3144, to provide for operations of the Federal Columbia River Power Plant System, and H.R. 5447, the Music Modernization Act. On Thursday and Friday, the House considered H.R. 4, the FAA Reauthorization Act. On Friday, the House passed the bill by a vote of 393-13. Later on Friday, the House considered H.Res. 856, a motion to establish a Select ...

Tea Party Patriots Citizens Fund Applauds OMB-Treasury Agreement Regarding Review of Tax Regulations

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement today, reacting to reports that OMB and Treasury reached an agreement for OMB to review all proposed tax regulations from Treasury and the IRS. Chairman Martin called on the White House to ensure OMB review of Treasury and IRS tax regulations in a column for The Hill back in January of this year. “We applaud President Trump and OMB Director Mick Mulvaney for restoring regulatory oversight for tax rules coming from the Treasury Department and the IRS. For more than three decades, the IRS has evaded the kind of standard oversight of its ...

Democrats’ fear-mongering tax reform tactics have backfired

After weeks of Democrats – like Nancy Pelosi – falsely claiming President Trump’s tax reforms are little more than “crumbs” and “scraps” for the American people, more recent polling in February show hard-working Americans are discovering they aren’t telling the truth. After millions of workers noticed a bump in their income, a majority of Americans now support President Trump’s tax reform plan. Townhall has the details: This is about as clean a political win as you're going to see these days, so Republicans are absolutely right to be pressing their advantage.  They've earned it.  They withstood weeks of withering and punishing ...

Daily Signal: Spending cuts are better for the economy than tax hikes

Thanks to President Trump, the recently passed Tax Cuts and Jobs Act is a great first step to reviving business confidence in the U.S and boosting economic growth. However, if the Republican party doesn’t follow through on their campaign promise to minimize spending, America will take two giant leaps backward. The Daily Signal has the details: Some point to the deficit as a reason to raise taxes. But new research shows that spending cuts are superior to tax hikes when it comes to reducing the deficit. This should embolden lawmakers to pursue spending reductions in this year’s budget resolution, giving particular focus to reducing entitlem...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 1/29/18

CALENDAR: The House will return Monday, and stay through Wednesday. Then House Republicans will go off to their annual retreat. The Senate will return Monday, and stay in session through Thursday. On Tuesday evening at 9 PM EDT, President Trump will deliver his first official State of the Union address. LAST WEEK ON THE HOUSE FLOOR: At 6:09 PM last Monday evening, the House voted on H.R. 195, the vehicle for the Continuing Resolution that had earlier that day passed the Senate. The CR passed, by a vote of 266-150, and was then sent to the President for his signature. And then they were done. THIS WEEK ON THE HOUSE FLOOR: It’s going ...

Starbucks expands jobs, benefits and raises thanks to tax reform

Starbucks announced Wednesday that they will create 8,000 new jobs and 500 manufacturing positions along with spending $250 million on pay increases, new jobs, employee benefits and stock options for their partners at the company’s stores. The coffee giant cites the “recent changes in the U.S. tax law” for its decision. The Washington Examiner has the details: Starbucks announced Wednesday it will spend $250 million on pay increases, new jobs, and stock options for its 150,000 partners at the company's stores, plants, and support centers starting Jan. 1. The coffee mogul cited "recent changes in the U.S. tax law" for its decision to boost ...

Manufacturers agree with President Trump: Tax reform is “rocket fuel” for the economy

President Trump’s historic tax plan has provided manufacturers with the ability to hire more workers and put more money back into the pockets of manufacturing workers. Real Clear Politics has the details: In the NAM’s latest quarterly Manufacturers’ Outlook Survey of our members, most respondents felt confident that tax reform would grow their businesses and help their workers. Sixty-three percent said comprehensive business tax reform would encourage their companies to spend more on their facilities and equipment, and 58 percent said they would expand their businesses. In addition, 54 percent said they would hire more workers, and ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 1/8/18

CALENDAR: The House will return Monday, and stay in session through Thursday. The Senate will also return Monday, and stay in session through Thursday. LAST WEEK ON THE HOUSE FLOOR: The House was not in session last week. THIS WEEK ON THE HOUSE FLOOR: The House will return Monday, with the first vote set for 6:30 PM. On Tuesday, they’re scheduled to try to take up 15 bills under Suspension of the Rules. On Wednesday, the House will take up S. 140, to amend the White Mountain Apache Tribe Waters Rights Quantification Act of 2010. On Thursday, the House will take up S. 139, the FISA Amendments Authorization Act of 2017. And ...

Dear President Trump: We have high hopes for 2018 following a stellar 2017

Tea Party Patriots and our supporters would like to congratulate President Trump on a tremendous first year in office and we are grateful for all that we’ve accomplished together in 2017. As we move into 2018, we wanted to communicate a list of issues that are very important to the tea party movement and ensure that you will have our support if you drive these issues in 2018: End the congressional exemption from ObamaCare Repeal ObamaCare Secure our borders and implement an 'America First' immigration policy Confirm more conservative judges to the federal judiciary A balanced budget amendment Promote term limits for ...

The passage of tax reform brings back the bull market

It’s been two weeks since the GOP tax reform package was signed into law and we’re already seeing a rise in the stock market. The Dow closed at 25,000 for the first time in history today and it’s only going to get better for businesses and investors. Fox Business has the story: The White House forecasts that U.S. growth could reach 4% once the economy experiences the full effects of the tax reform law, and any materialized gain in GDP would be building upon an already solid foundation. In the third quarter of 2017, the U.S. economy grew at 3.2%, the fastest rate since the first quarter of 2015 and also the first time since 2014 that the ...