Stephen Entin News Today

Introduction

Today, December 22nd, marks the five-year anniversary of the signing of the Tax Cuts and Jobs Act of 2017. This legislation delivered meaningful tax relief to the American people and helped fuel the strongest U.S. economy in recent history.

BG1134: Flat Tax or Sales Tax? A Win-Win Choice ForAmerica

The Biden economy is weak. Inflation is surging, wages are stagnant, and jobs remain unfilled.

With negotiators for the North Carolina House and Senate confirming that they’ve agreed on the broad outlines of a state budget for next year, the prospect of ending the state’s

Cutting corporate tax helps consumers

Phasing out North Carolina’s corporate income tax over the next few years will generate economic benefits far greater than the apparent fiscal cost.

Print this article President Joe Biden has proposed $3.5 trillion in new and higher taxes. While Biden claims these taxes will be paid by large corporations and "the rich," they will also harm working families and small businesses in the form of fewer jobs, lower wages, higher costs, and a weaker economy. Biden has proposed raising the corporate tax rate from 21% to 28%, which would give the U.S. a corporate rate higher than China. He has also called for a 21% global minimum tax and a 15% min...

ADVERTISEMENT While Biden has repeatedly claimed he will not raise taxes on Americans making less than $400,000 per year, he is proposing $2 trillion in new taxes that will be borne by American workers and families in the form of fewer job opportunities, lower wages, and reduced life savings. This plan calls for raising the corporate tax rate from 21 percent to 28 percent and creating several new taxes on businesses like a 21 percent global minimum tax and a 15 percent book tax. As noted by Ste...