Taxes
Business & Economics
Learn how PRI is fighting for taxpayers
PRI Files Amicus Brief Challenging Congress’ Power to Levy Wealth Taxes
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. ...
Blog
They’re Baaack! Sacramento Liberals Once Again Propose a ‘Wealth Tax’
Last week, San Jose Democratic Assemblymember Alex Lee once again proposed a “tax on extreme wealth in California.” Under Assembly Bill 293, “extreme wealth” is defined as “households with net worths of more than $50 million.” If enacted, a 1 percent tax would be applied to wealth over $50 million, ...
Blog
State Budget Update: Newsom’s Vetoes Foreshadow Tough Budget Year Ahead
Gov. Newsom recently completed the bill signing period, issuing his final signatures and vetoes on the final measures from the 2022 legislative session that remained on his desk. On the campaign trail in recent weeks, Newsom has been touting the California blue state agenda as the way forward for ...
Commentary
California’s Green Agenda, Not Price Gouging, Is Driving Up Gas Prices
On June 23, California had the country’s highest gasoline prices, $6.36 a gallon, according to AAA. So legislators are opening an investigation to find the villains responsible. Here’s a hint that will help them in their search: There’s no need to look far for the scoundrels because they are inside the ...
Blog
Despite Sunday Late Night Tax Rebate Deal, Gas Tax Still Going Up
Gov. Gavin Newsom and the Legislature’s Democratic leaders announced Sunday that they had finally reached agreement on a tax rebate plan. How to give Californians relief from high gas prices and rising inflation had been a key sticking point holding up the budget’s enactment. The unusual release of the plan ...
Blog
Fighting Inflation – Is the Fed “Bluffing?”
“The way to crush the bourgeoisie,” said Lenin, “is to grind them between the millstones of taxation and inflation.” So, it would have put a crocodile smile on Lenin’s face to learn that May’s inflation data showed that Americans’ wallets were worn down even further. The year-over-year inflation rate came ...
Blog
No Investigation Needed – Government Energy Policy Fuels Record-High Gas Prices
Angry drivers paying record gas prices this year – surpassing $7 per gallon in parts of California – are demanding action from elected officials to lower gas prices. Surprisingly, Sacramento Democrats have hung onto this scorching hot political potato for months. Democrat legislative leaders have rejected pleas from Republicans and ...
Gas tax
Wayne Winegarden Warns of the Consequences of Gas Tax Holidays and Gas Rebates in Newsweek
Wayne Winegarden, PRI fellow for Business & Economics, warns of the consequences of gas tax holidays and gas rebates in Newsweek: Wayne Winegarden, a senior fellow at the Pacific Research Institute, echoed that if the Federal Reserve does not accommodate additional spending of gas rebate cards, the measure would “put ...
Blog
Lawmakers Pass a Budget Bill, But No Deal Yet on Gas Price Relief
On Monday, Senate and Assembly Democrats passed their version of the 2022-23 state budget. While patting themselves on the back for adopting “a budget that puts California’s wealth to work for individuals, families, and businesses throughout our state,” there was one thing missing from their announcement – the support of ...
Blog
When Right Thinking Californians Learn About Tennessee’s Policy Agenda, They Might Be Ready to Call a Realtor
I recently traveled to Nashville to attend the annual Heritage Foundation Resource Bank conference, and annual gathering of conservative policy leaders from around the country. While at the conference, I had the opportunity to hear great speakers including Tennessee Gov. Bill Lee and Virginia Attorney General Jason Miyares and attend ...
Learn how PRI is fighting for taxpayers
PRI Files Amicus Brief Challenging Congress’ Power to Levy Wealth Taxes
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. ...
They’re Baaack! Sacramento Liberals Once Again Propose a ‘Wealth Tax’
Last week, San Jose Democratic Assemblymember Alex Lee once again proposed a “tax on extreme wealth in California.” Under Assembly Bill 293, “extreme wealth” is defined as “households with net worths of more than $50 million.” If enacted, a 1 percent tax would be applied to wealth over $50 million, ...
State Budget Update: Newsom’s Vetoes Foreshadow Tough Budget Year Ahead
Gov. Newsom recently completed the bill signing period, issuing his final signatures and vetoes on the final measures from the 2022 legislative session that remained on his desk. On the campaign trail in recent weeks, Newsom has been touting the California blue state agenda as the way forward for ...
California’s Green Agenda, Not Price Gouging, Is Driving Up Gas Prices
On June 23, California had the country’s highest gasoline prices, $6.36 a gallon, according to AAA. So legislators are opening an investigation to find the villains responsible. Here’s a hint that will help them in their search: There’s no need to look far for the scoundrels because they are inside the ...
Despite Sunday Late Night Tax Rebate Deal, Gas Tax Still Going Up
Gov. Gavin Newsom and the Legislature’s Democratic leaders announced Sunday that they had finally reached agreement on a tax rebate plan. How to give Californians relief from high gas prices and rising inflation had been a key sticking point holding up the budget’s enactment. The unusual release of the plan ...
Fighting Inflation – Is the Fed “Bluffing?”
“The way to crush the bourgeoisie,” said Lenin, “is to grind them between the millstones of taxation and inflation.” So, it would have put a crocodile smile on Lenin’s face to learn that May’s inflation data showed that Americans’ wallets were worn down even further. The year-over-year inflation rate came ...
No Investigation Needed – Government Energy Policy Fuels Record-High Gas Prices
Angry drivers paying record gas prices this year – surpassing $7 per gallon in parts of California – are demanding action from elected officials to lower gas prices. Surprisingly, Sacramento Democrats have hung onto this scorching hot political potato for months. Democrat legislative leaders have rejected pleas from Republicans and ...
Wayne Winegarden Warns of the Consequences of Gas Tax Holidays and Gas Rebates in Newsweek
Wayne Winegarden, PRI fellow for Business & Economics, warns of the consequences of gas tax holidays and gas rebates in Newsweek: Wayne Winegarden, a senior fellow at the Pacific Research Institute, echoed that if the Federal Reserve does not accommodate additional spending of gas rebate cards, the measure would “put ...
Lawmakers Pass a Budget Bill, But No Deal Yet on Gas Price Relief
On Monday, Senate and Assembly Democrats passed their version of the 2022-23 state budget. While patting themselves on the back for adopting “a budget that puts California’s wealth to work for individuals, families, and businesses throughout our state,” there was one thing missing from their announcement – the support of ...
When Right Thinking Californians Learn About Tennessee’s Policy Agenda, They Might Be Ready to Call a Realtor
I recently traveled to Nashville to attend the annual Heritage Foundation Resource Bank conference, and annual gathering of conservative policy leaders from around the country. While at the conference, I had the opportunity to hear great speakers including Tennessee Gov. Bill Lee and Virginia Attorney General Jason Miyares and attend ...
