For much of the last century the United States was the world’s beacon for capitalism, but these days we’re far from such a lofty perch. Since the end of the Cold War, countries on both sides of the Iron Curtain have moved to reduce the role of government in the economy by changing the tax code as well as by privatizing government activities.
The city of Detroit is unable to light or police its streets but it can provide circuses on ice for its (mostly unemployed) citizens. While the city may have declared bankruptcy just the other day, as Chris Isidore of CNN reports:
If you are a U.S. senator and have a cool idea about taxes but are worried to speak it aloud for fear some of your constituents will peel your hide off in small strips ... well, there is hope. A couple of your colleagues have come up with a plan.
Republicans forged ahead in their effort to transform North Carolina into a reliably red state, with Gov. Pat McCrory and top legislature leaders agreeing Monday on a tax cut plan to boost economic growth and job creation.
There is some movement in Washington toward reforming the tax code which may sound like mere legislation but, as Nancy Cook of the National Journal writes, is being treated more like combat by some interested parties.
New York City "Look up the definition of poaching,” Rick Perry told his press secretary Josh Havens. Perry was annoyed at being accused, in headlines and news stories and by Democratic governors, of trying to “poach” companies from blue states and carry them off to Texas, where he is governor.
The House of Representatives is scheduled Tuesday to consider a bipartisan bill to add new seasonal flu vaccines to the IRS definition of taxable vaccines. The Senate has already reached an agreement to vote on its version of the bill without further debate if the House passes an identical version. If passed into law, all new flu vaccines would become subject to the 75¢ per dose vaccine tax, and also become eligible to be included in the Vaccine Injury Compensation Program (VICP). A summary of the bill provided by the House Republican Conference explains:
Two Internal Revenue Service employees in the agency's Cincinnati office told congressional investigators that IRS officials in Washington helped direct the probe of tea-party groups that began in 2010.
Bernie Becker and Kevin Bogardus write in The Hill that, according to “two top tax writers on Capitol Hill ... the case for tax reform has been strengthened by the recent revelations about Apple’s tax tactics and the Internal Revenue Service’s targeting of conservative groups.”
Today, President Obama personally became re-involved in his former campaign organization's new incarnation Organizing for Action. On the same day he is scheduled to appear at two DCCC fundraisers in Chicago, the president of the United States sent the following email to OFA's mailing list, signed "Barack":