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Corporations pay a lower effective tax rate than Warren Buffett and Mitt Romney, but you wouldn’t know it from all the complaints that our corporate tax rate puts our country at a competitive disadvantage. Last year, U.S. corporations paid just 12.1 percent of their earnings in federal corporate income taxes. Buffett’s tax rate is 17.4…
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America is facing a crisis of leadership. We need and deserve a vision and strategy to meet the energy and economic challenges facing the United States. The latest budget proposal for 2013 illustrates this over and over again. The President summarizes it best as “all of the above” and is a vote for a lot…
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The black-white debate on energy production between Republicans and Democrats generally speaking comes down to the merits of oil production vs. clean energy. It doesn’t have to be an either-or proposition, though. “We need to use every domestic source that we have. But I think we ought to be preparing for a long-term shift toward…
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While we don’t believe 10-term congressman Goodlatte speaks Mandarin, he has a lot in common with the Communists in Beijing, at least when it comes to regulating and controlling the Internet. Goodlatte is the author of the House’s Stop Online Piracy Act, or SOPA, a costly regulatory attack on the Internet. It is supposed to…
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Gov. Bob McDonnell unveiled today a series of recommendations for the 2012 General Assembly session that will advance Virginia’s role as the energy capital of the East Coast. “Virginia is blessed with a bounty of natural resources that can aid in our nation’s growing need for affordable and reliable energy sources,” McDonnell said. “From the…
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Congress is considering a proposal that portends to offer commonsense rules to affect how federal agencies analyze costs and benefits. Instead it will be disastrous to taxpayers, small and mid-sized businesses and the country as a whole. The Regulatory Accountability Act of 2011 (RAA), which passed in the U.S. House, provides extensively detailed procedures for…
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If small business owners decided to stop paying our fair share of taxes, we’d be sent to jail. Big business tax dodgers want Congress to reward them with a tax holiday. The U.S. Women’s Chamber of Commerce strongly opposes legislation in Congress that would reward U.S. multinational corporations with massive, unwarranted tax discounts to bring…
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Lobbyists are storming Capitol Hill, pushing a tax holiday that would give billions of dollars in tax breaks to less than 1 percent of American businesses – and stick the other 99 percent with the bill. But of course, they can’t say that. So tax holiday advocates are using a high-powered version of the email…
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If a kid steals a cookie, does it make sense to give him another and then hope that he won’t do it again? An army of corporate lobbyists is trying to convince Congress that after stashing nearly $1.4 trillion offshore to avoid paying the U.S. taxes they owe, they should get a massive tax discount…
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With unemployment remaining unacceptably high across the Fifth District and 14 million Americans without a job, the House has been working since the start of the 112th Congress to pass legislation that would remove the government as a roadblock to job creation and reverse the job-destroying policies of the past two and a half years….
We have reached 57 percent of what we need to fund critical operations for 2026. If you have been waiting for the right time to support AFP, this is it.