Author: admin

TEF

Biden Celebrates Amtrak Boondoggle To Plug $2.3 Trillion Infrastructure Boondoggle

“It is fitting that President ‘Uncle Joe’ Biden chose Amtrak’s 50th anniversary celebration to plug his proposed $2.3 trillion ‘infrastructure’ proposal,” said Jim Tobin, economist and president of Taxpayer Education Foundation (TEF). “Amtrak is the gift that keeps on taking. It’s like going to the store and paying $1,000 for a jar of honey. The product is sweet, but the cost is horrendous.”

TEF

Illinois Among States Least Preferred For Doing Business By CEO Ranking

“When it comes to the three criteria CEOs tell us they value most in site selection—tax policy (37 percent rank it first), regulatory climate (35 percent) and talent availability (25 percent)—Texas and Florida outclass all comers,” according to Chief Executive magazine. As Kathy Mussio of Atlas Insight put it, speaking of Florida, “Sunshine, low taxes, Covid openness: What talent wouldn’t want to move there? You can save enough in taxes…to make a down payment on a house in Florida.”

TEF

THEY NEVER LEARN: SIN TAXES CREATE MORE SINNERS

A Democrat state representative in Maine has introduced a bill that would double the excise tax on cigarettes to $4.00 a pack. Due to Maine law, all other tobacco products would also be subject to a 100 percent rate increase.

TEF

BENEFITS OF BIDEN’S $2 TRILLION INFRASTRUCTURE PLAN WON’T OUTWEIGH $2 TRILLION TAX INCREASE

A March 31 report issued by the Washington-based nonpartisan Tax Foundation reveals that the benefits of the Biden-proposed $2 trillion “infrastructure” plan won’t outweigh its $2 trillion tax increase. The proposal is an eight-year, $2 trillion infrastructure plan paid for by $2 trillion in tax increases on U.S. corporations spread out over 15 years.