America's independent, non-partisan advocate for overburdened taxpayers.

 

Blog Contributors

Brandon Arnold
Vice President of Government Affairs 

Dan Barrett
Research and Outreach Manager 

Melodie Bowler
Government Affairs Intern 

Demian Brady
Director of Research 

Christina DiSomma
Communications Intern 

Jihun Han
Communications Intern 

Timothy Howland
Creative Content Manager 

Samantha Jordan
Communications Intern 

Curtis Kalin
Communications Intern 

Ross Kaminsky
Blog Contributor 

David Keating
Blog Contributor 

Douglas Kellogg
Communications Manager 

Sharon Koss
Government Affairs Intern 

Michael Liguori
Government Affairs Intern 

Richard Lipman
Director of Development 

Joe Michalowski
Government Affairs Intern 

Diana Oprinescu
Communications Intern 

Austin Peters
Communications Intern 

Kristina Rasmussen
Blog Contributor 

The Late Edition: November 7, 2012



November 7, 2012

Today’s Taxpayer News!

With the election over, President Obama will need to make plans to avoid the $600 billion in higher taxes and across-the-board-spending cuts set to take effect January 1st unless he can craft a deal with House Republicans.

House Speaker John Boehner (R-OH) said today he is willing to accept increased revenues to the federal government as one of the means to deficit reduction, but stressed that he would not support raising taxes to do so. Speaker Boehner instead proposed closing loopholes that warp the tax code.

One of the biggest ballot blows to taxpayers in yesterday’s election was undoubtedly the passage of Propostion 30 in California. Gov. Jerry Brown's massive package of sales and income tax increases is estimated to burden Golden State taxpayers with between $6.8 billion and $9 billion a year.

Alabama, Montana, and Wyoming all passed variations of a measure to spurn ObamaCare, though the Supreme Court’s ruling marginalizes their effectiveness.


 

Comment on this blog

Nickname
Comment
Enter this word:

User Comments