Taxes

Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia. “This tax reduction improved U.S. economic competitiveness, accelerating income growth for middle-class families,” said Wayne Winegarden, ...

There’s no denying that the crumbling section of the coastal bluff near Del Mar that holds up the only rail line linking San Diego to the rest of California needs to be shored up. But is a tax hike necessary to get the job done? No, but that’s never stopped ...

Much of the discussion surrounding the push for reparations in California, New York and cities like San Francisco center on the historical justifications for mass payouts. Yet, as the ancient Greek philosopher and mathematician Pythagoras said, “Numbers rule the universe.” Reparations proponents in California are quick to dismiss criticisms over cost. ...

With the introduction of its first set of reparations bills, the California legislature is officially considering the recommendations of the California Reparations Report from the state Reparations Task Force. Wayne Winegarden joins Phil Vandervort on the John Carlson Show on Talk Radio 570 KVI Seattle to discuss the estimated cost ...

Americans pay a “tort tax” of $1,300 per person thanks to lawsuit abuse, and reforming the legal system could boost the U.S. economy by 2 percent over time, finds a new study released today by California-based, nonpartisan, free-market think tank, the Pacific Research Institute. “Frivolous lawsuits reduce economic opportunities, jobs, ...

Click here to read PRI’s amicus brief The case involves the legality of a provision of the 2017 Tax Cuts and Jobs Act that included a so-called mandatory repatriation tax that imposed taxes on U.S. citizens who accumulated foreign earnings from foreign corporations, even if the earnings were not distributed. ...