Tag: tax

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Jim Geraghty of National Review and Greg Corombos of Radio America are glad to see France, Germany, and the UK conclude that Iran attacked Saudi Arabia earlier this month and that there is no other plausible explanation. They also groan over the political circus about to begin as House Democrats appear to be moving en […]

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Jim Geraghty of National Review and Greg Corombos of Radio America fume as President Trump says ISIS is defeated in Syria on Wednesday and Thursday he claims that Russia, Iran, and Syria can handle the fight. They’re also disgusted as Trump’s insistence on $5 billion for a border wall seems to be shifting and congressional […]

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Recommended by Ricochet Members Created with Sketch. SALT and Me

 

The congressman in my district (NJ 11) is retiring, which means the election to replace him is wide open. Though Republicans have held this seat for a long time, it could flip to the Democrats. The Democrat candidate is running ads saying we should vote for her because the Republican will raise our taxes. What? In my book, when a Democrat says they want lower taxes, they are lying. Not to jump to conclusions, I pulled out my tax information, ran the numbers for myself, and it turns out, Mikie Sherrill (D) is lying.

The issue is the new caps on the State And Local Tax (SALT) deduction. The Democrat’s ad states that her Republican opponent, Jay Webber, supports the cap. He does not. Webber has said many times that there shouldn’t be a cap on this deduction. What he does believe is that as a whole, the tax reform package will benefit New Jersey families. The numbers seem to bear that out on average, but the important question is, what about me?

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In Texas, we take pride in being the best. We like to think that Texas is a business friendly state that welcome new companies to Texas. However, the Tax Foundation newly released ranking of economic competitiveness lists Texas as the 15th most competitive state in the country (down from 13th place last year). The Tax […]

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Recommended by Ricochet Members Created with Sketch. Member Post

 

Cheap gas. That, along with great pizza and bagels, was always one of the benefits of living in New Jersey. Even though there is no self-service gas in NJ, the price per gallon was still less than what I would see in any other state I drove through. Until the end of 2016, that is. […]

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Jim Geraghty of National Review and Greg Corombos of Radio America discuss new polling showing public perception dropping for businesses that are publicly breaking ties with the NRA, due entirely to a massive plunge in favorability among Republicans. They also breathe a sigh of relief as Republicans in Arizona’s eighth congressional district reject the frontrunner […]

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Promoted from the Ricochet Member Feed by Editors Created with Sketch. Oof. Seattle Sugar Tax Raises Soda Prices by 75 Percent

 

Seattle residents started the new year with a bad case of sticker shock followed by a sugar crash. A new tax of 1.75 cents per ounce was added to all sweetened beverages sold in the city. The move had public support in June when it was passed 7-1 by the Seattle City Council, but images of regret have been hitting social media as the bill came due Monday.

The prices at an area Costco showed that the tax increases the price of Gatorade by 65 percent and Dr Pepper by 75 percent. To avoid complaints from outraged customers, the discount chain posted an explanation of the steep price increase.

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Contributor Post Created with Sketch. A Summary of the GOP Tax Reform Bill

 

On Friday, Republicans released the final version of their tax bill. It combines parts of both the House and Senate versions. Here are the details.

On the individual side:

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For many residents of Pennsylvania, and anyone interested in tax policies and how public schools are run, the result of a November 7th referendum vote on a PA Constitutional Amendment Question resulted in what I believe is good news. Pennsylvania is joining other states in trying to get a handle on escalating property taxes, with […]

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Promoted from the Ricochet Member Feed by Editors Created with Sketch. March for Life, Trump’s Border Tax, Anti-Ultrasound Piece Humiliates the Left

 

Greg Corombos of Radio America and David French of National Review cheer the many thousands of Americans marching for life and against abortion Friday in Washington. They also shake their heads at President Trump’s suggestion that a 20 percent border tax on Mexican imports might be a good way to pay for a border wall. And they discuss all the humiliating concessions and retractions Atlantic magazine has to make following its story suggesting ultrasound is used to deceive women into believing their unborn babies are people with heartbeats who can feel pain.

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I live in New Jersey. Here in Jersey we have crowded roads, corrupt politicians, expensive real estate, ridiculously high property taxes, and a very left leaning legislature. On the plus side, we have great pizza, great bagels, Taylor Ham (which government regulators renamed Pork Roll), and cheap gas. While you still won’t have any trouble […]

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SELL FREEDOM. Any American citizen over the age of 18 shall have the right to freely contract with any other party for any product or service for which they reach mutually agreement. In so doing, however, both parties must explicitly waive all regulatory or legal relief or recourse save for whatever is specified in their contract. […]

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James, let me start by saying. I may have been mistaken about the Cruz tax plan. I’ve read a few pieces that offer that explanation. But, I am having a hard time coming to a conclusion on the subject. If Cruz’s flat tax is a vat tax, then what is the corporate income tax, if […]

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Promoted from the Ricochet Member Feed by Editors Created with Sketch. Jeb! Bush Tax Plan On The Street

 

The lead story in this morning’s Wall Street Journal opinion pages is Jeb!’s (how’s that for punctuation?) op-ed introducing his tax plan – the Reform and Growth Act of 2017. The article generates a smile for the subtle swipe he takes at Mr. Trump as well as the even more subtle product placement of the SuperPAC supporting his candidacy. The plan and article are thoughtful and well written. There will be reactions both positive and negative.

I don’t think this plan moves the needle much for Jeb! If you are writing checks to his SuperPAC, this will be your guidepost showing why he is conservative. If you are predisposed not to support him, this most likely will not change your position. (Disclosure: I am not a supporter and this plan doesn’t help.)

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