Chairman's Report - November 3, 2017
Chairman's Report - November 3, 2017
In addition to the impact of the corporate income tax on employee wages, most economists agree that most of the effect of the 15.3% payroll taxes is also paid for in reduced wages. With the FAIRtax, there would be no corporate income tax and no payroll tax. This is a no-brainer. Yet, D.C. continues to just ignore common sense.
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20171103 FairTax Friday & Chairman's Report
Plan for moving Health Care and Tax Reform Forward
ICYMI: Plan for moving Health Care and Tax Reform Forward
The President and Congress have been taking the wrong approach to successfully achieving health care and tax reform. They are addressing the symptoms of our health care and tax reform issues, not the sources of the problems. Plus Congress is protecting the personal and special interest benefits of an income tax system. READ MORE
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20171103 FairTax Friday & Chairman's Report
IRS warning: Tax refunds face theft due to Equifax hacking
Washington Examiner
IRS warning: Tax refunds face theft due to Equifax hacking
The massive hacking of Equifax, one of the three major credit reporting agencies, could have a catastrophic impact on next year’s tax season with the returns of over 100 million Americans now at risk, according to a warning to the IRS and Treasury Department.
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House GOP Tax Bill Keeps 39.6% Rate for High Earners, Cuts Corporate Rate to 20%
Roll Call
House GOP Tax Bill Keeps 39.6% Rate for High Earners, Cuts Corporate Rate to 20%
House Republicans’ long-awaited tax overhaul bill will keep the top individual rate at 39.6 percent for high-income earners and will immediately and permanently cut the corporate rate to 20 percent.
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