Principle: PRO-Lower Taxes

Small business is the force that drives America toward prosperity, and taxes are the enemy of such prosperity. Tax reform / tax cuts need to happen now for our small businesses as well as for our hard working citizens. Government tax-and-spend is out of control and the American people are demanding their hard earned income not be stolen from them any longer. Stand up and call your representatives today to demand swift and meaningful tax reform today!

Comprehensive tax reform is the “top priority” of small businesses, the National Federation of Small Business (NFIB) told the House Ways and Means Committee chairman today, and it urged Congress to act this year on passing a bill. The call to action comes amid growing concern that tax reform won’t occur until 2018 or possibly later.

Tax reform will have an “enormously positive impact on small businesses,” NFIB President and CEO Juanita Duggan told Rep. Kevin Brady, R-Texas, chairman of the House Ways and Means Committee, in a letter May 18. “Given that small businesses account for nearly half of the gross domestic product (GDP) and private sector workforce, and create two out of every three net jobs, the U.S. economy will not reach its full potential for growth without a robust and flourishing small business sector.”

Read more at: Small Business Urges Congress to Pass Tax Reform in 2017 – Industry Week.

Didn’t get anything for Christmas from Congress? Don’t despair, as our US Congress wants to make it up to you in 2014. $54 billion in new tax increases kick off the new year, with businesses feeling most of the burden of these increases. With these increases, the IRS and Congress wish you a very prosperous, but not too prosperous for you, New Year.

The Washington Times – Stephan Dinan – A final congressional stalemate in late December means the New Year’s expiration of a host of tax breaks, amounting to a $54.2 billion increase for green-energy businesses, teachers, homeowners, college students and others.Businesses will take the biggest hit, with the disappearance Wednesday of a valuable research tax credit, subsidies for building wind turbines and incentives to make energy efficiency improvements to buildings.Individuals will take hits, too. Those who pay college tuition will lose a tax credit, as will taxpayers who deduct state and local sales tax payments or who pay mortgage insurance. Teachers will lose a tax credit for buying classroom supplies. Some commuters no longer will get federal tax help for taking public transit to work.

Read more at: 2014 begins with $54 billion in tax hikes – Washington Times.

On top of forcing Americans to buy health insurance they maybe don’t want or need, ObamaCare also finds a way to tax to punish those that actually want the most generous health insurance plans. Donned the “Cadillac” tax, the government forces those having these large insurance plans, and large companies who provide healthcare to their employees, to pay a whopping 40% tax. As a result, many of these larger companies are reducing benefits offered to employees. The government now dictates to Americans how much is too little and/or too much health insurance. It’s clear we must fight to regain our freedoms and personal choice.

CNBC – For 75 million Americans who get their insurance through large companies, the Affordable Care Act is a mixed bag. Experts tell NBC News the new healthcare law is only slightly increasing premiums next year, but causing some companies with the most generous plans to reduce their employees’ benefits.Aaron Baker, 36, his wife Billie and their two young children are covered under a generous health insurance plan offered by the private Midwestern university where he’s worked for 10 years. When they opened their benefits notice this year, they were pleased to see their $385 premium is only up by four dollars next year. However, they were shocked to discover that instead of covering the first dollar they spend with no deductible, the Baker’s plan now includes a $1,000 deductible and a $2,500 out of pocket maximum. They also will still have small co-pays for services.Getty ImagesMercy Cabrera L, an insurance agent with Sunshine Life and Health Advisors, helps Amparo Gonzalez purchase an insurance policy under the Affordable Care Act at the store setup in the Westland Mall in Hialeah, Florida.According to the enrollment notice, the changes are “to relieve future health plan trend pressure and to put the university in a position to avoid the excise tax that becomes effective in 2018.” The 40 percent excise tax—often called the “Cadillac tax”— is part of Obamacare and is levied on the most generous health plans. It’s designed to bring down overall health costs by making companies and workers more cost-conscious. The thinking is that if consumers have to pay more expenses themselves, through higher deductibles and out-of-pocket expenses, they’ll avoid unnecessary or overly costly procedures. And that is supposed to make care more affordable for everyone.

Read more at: Large employers cite Obamacare ‘Cadillac’ tax in reducing benefits.

Here’s an anniversary we’d reather not be celebrating at The Proservative® Group: The Income Tax turns 100 today. The only one celebrating this anniversary is, of course, the recipient of its gift-that-keeps-giving influx of taxypayer hard earned income: the federal government

National Online Review – Amid all the attention paid to the government shutdown — more of a “slimdown,” as 83 percent of the government remains open — few people noticed that last Friday, October 4, marked the 100th anniversary of the federal income tax. The size and intrusiveness of the federal government that is at the heart of today’s shutdown would never have been possible without the income tax.

For a century and a quarter, the United States avoided an income tax. Thomas Jefferson warned against such “internal” taxes, saying that under the British they had “filled our land with officers and opened our doors to their intrusions.” Until the early 20th century, a small federal government relied on import duties and taxes on alcohol and tobacco for most of its revenue.

Congress passed an income tax to fund the Civil War in 1862 but allowed it to expire a decade later. In 1894, it passed another — a 2 percent flat-rate income tax that kicked in at today’s equivalent of $110,000. It was declared unconstitutional by the Supreme Court because it was not apportioned among the states, as the U.S. Constitution required.

Read more at: Happy Birthday, Income Tax! | National Review Online.