From Americans for Tax Reforms
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Congestion Tax Highly Unpopular in New York
An overwhelming majority of New York voters oppose the new $15 “congestion toll” that is set to take effect in June. According to a Siena College survey, 63% of voters oppose the toll, with only 25% supporting it. The concept behind the controversial proposal is simple: tax people for entering highly congested areas, thus reducing traffic. The plan would impose a $15 […]
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North Carolina Economy Loses $685 Million Due to Driver’s License Suspensions over Debt
North Carolina could be missing out on $684,756,000 in economic activity due to driver’s license suspensions over court debt. The state suspends 827,000 licenses for debt, each of these suspensions reduces spending by an estimated $828. This reduction in spending figure is based on research that found there is a 2.2% reduction in an individual’s […]
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Biden Abandons Disastrous Menthol Prohibition Plan; Now Washington Needs To Embrace Harm Reduction
In a rare recognition of reality, the Biden Administration today finally agreed to drop their deeply flawed plans to introduce prohibition for Menthol cigarettes and flavored cigars. As Americans for Tax Reform has consistently demonstrated, the evidence is overwhelming that this proposal would have done nothing to reduce smoking rates, but would have created a […]
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Biden’s Student Loan Cancellation Plan Will Only Worsen a Larger Problem in Higher Education
Last week, President Biden visited Madison, Wisconsin where he announced new details for his student debt cancellation plan. While this initiative promises immediate short-term financial relief, it avoids addressing the deeper systemic issues plaguing American higher education. “Starting this fall we plan to deliver up to $20,000 in interest relief to over 20 million borrowers […]
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ATR Op-Ed in American Banker: “The Fed's manipulation of debit card interchange fees must stop”
On April 25, 2024, American Banker’s commentary page, BankThink, published an op-ed written by ATR’s director of financial policy, Bryan Bashur. The piece discusses why the Federal Reserve’s proposed rule to amend the debit card interchange fee cap will harm the debit card market in the future. The article starts by explaining that the proposed rule plans […]
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Worst of Both Worlds: U.S. Economic Growth Slows as Inflation Rates Rise
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
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Biden: Tax cuts "are going to stay expired and dead forever if I'm re-elected."
Biden announces intention to break his $400k tax pledge Today President Biden said that if elected to a second term he will make sure the Trump tax cuts expire next year. The Trump tax cuts — the Tax Cuts and Jobs Act — successfully reduced taxes for all income groups. In contrast to the tax-hiking […]
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Brad Knott Makes “No New Taxes” Promise to Voters in NC-13 Run-off
Americans for Tax Reform (ATR) commends former federal prosecutor Brad Knott for signing the Taxpayer Protection Pledge, a written commitment to the voters of North Carolina to oppose and vote against income tax hikes. Candidates often make campaign promises not to raise taxes, only to abandon taxpayers once elected. The Taxpayer Protection Pledge requires candidates […]
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ATR Applauds House Oversight For Investigating FTC-DOJ Strike Force
The House Committee on Oversight and Accountability is launching a probe into the rampant politicization of the Federal Trade Commission (FTC) by Chair Lina Khan and the Biden administration. In a new letter, Oversight Chairman James Comer (R-KY) has taken interest in a recently announced “Strike Force” between the FTC and the Department of Justice (DOJ), which aims […]
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ATR Commends Pennsylvania Pledge Signers Ahead of April 23 Primary
As Pennsylvania Primary voters head to the voting booth, they deserve to know where their candidates stand on crucial issues such as taxes and spending. Candidates often make campaign promises not to raise taxes, only to abandon taxpayers once elected. The Taxpayer Protection Pledge requires candidates to put their commitment in writing – making it […]
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Joe Biden and Kamala Harris Will Raise Your Taxes
Joe Biden and Kamala Harris will raise your taxes. They will impose income tax hikes, small business tax hikes, capital gains tax hikes, corporate tax hikes, a carbon tax, and will even bring back the much-hated Obamacare individual mandate tax. April 18, 2024: VIDEO: Despite Biden Campaign Promise to Make “Costs Go Down,” They Have […]
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Senator Crapo Calls Out IRS Chief for Misleading Congress About "Direct File"
Sen. Mike Crapo (R-Idaho), ranking member of the Senate Finance Committee, questioned IRS commissioner Daniel Werfel yesterday about Werfel’s dishonesty to Congress regarding the IRS “Direct File” program. Crapo said: “When you last testified before this committee I raised concerns with the wasteful and duplicative Direct File program that at the time the IRS was […]