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Tax Politics

The Politics of Taxes

Reciprocal Tariff Ignorance

President Trump continues to pursue his misguided tariff crusade believing that he is somehow protecting American industries and employment. His latest move, reciprocal tariffs (which he intends to begin April 2), is even worse. Trump has stated that he plans to impose tariffs based on “what they charge us, we charge them,” which is an economically stupid idea. Advocates of this policy like to...
Obamacare: Bad Economics, Bad “Insurance”

Obamacare was sold to the public as universal health insurance. Insurance, in and of itself, is an exchange of a premium payment in return for a guarantee against specific loss criteria — such as damage or death. Prime examples of this are home and life insurance. And...

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The IRS Targeting is Overreaching

As a CPA who has practiced for four decades, I can say without hesitation that the IRS conduct was severely overreaching. The cherry-picking of organizations and the burdensome scrutiny that was administered by IRS official is utterly beyond the scope of anything they...

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The IRS Obamacare Provision Must Be Repealed Now

Recently, the IRS proposed a new regulation that is inconsistent with and actually in direct violation of Congressional law. The IRS was instructed by the Obama Administration to implement the extension of premium assistance tax credits not only for those purchasing...

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