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Entries in Taxes (314)

Tuesday
Feb092016

CEI Today: Obama's oil tax and pen-and-phone, the Zika virus, and more 

 

Monday, February 8, 2016
In the News Today

OBAMA'S OIL TAX - MYRON EBELL

President Obama Will Propose $10 a Barrel Tax on Oil To Pay For $32 Billion Green Transit Slush Fund


With oil selling at roughly $30 a barrel, this would amount to a one-third increase in the cost of oil. There is no chance that the 114th Congress will enact this new $32 billion tax plus green slush fund, so it’s not clear why the President doesn’t follow his tried and true practice and just impose it by executive order. > Read more

> Interview Myron Ebell

OBAMA'S PEN-AND-PHONE - WAYNE CREWS

New Congressional Task Force To Address Obama's Executive Overreach


The president’s frequent taunting of Congress, his boasts that he’d go around them to make law with his “pen and phone” when Congress doesn’t do his bidding, resulted in the creation of the bipartisan, six-month Executive Overreach Task Force of 2016 by the House Judiciary Committee. 
> Read more

> Interview Wayne Crews

ZIKA VIRUS - ANGELA LOGOMASINI


Zika Wake-Up Call


Disease control is limited by the lack of political will to use all tools in our arsenal, including politically incorrect pesticides.  > Read more

 

    

 

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.

 

REPORT: What is
REGULATORY
DARK MATTER
?


Media Contacts: 202-331-2277
Christine Hall
Mary Beth Gombita


CEI Issues:

Banking & Finance
Business & Gov't
Energy & Environment
Law & Constitution
Labor & Employment
Regulatory Reform
Risk & Consumer Freedom
Tech & Telecom
Trade & International
Transportation & Infrastructure

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Wednesday
Dec162015

CEI Today: Oil for wind, your IRA, cybersecurity, the Grinch tax and more 

Wednesday, December 16, 2015
In the News Today

 

OMNIBUS OPPORTUNITIES

 

YOUR IRA - JOHN BERLAU

Omnibus with Significant Reg Relief May Be Worth Supporting


Congress should freeze funding for the Department of Labor’s (DOL) “fiduciary rule,” which would greatly limit investment choices in IRAs and 401(k)s and even restrict what financial broadcasters like Dave Ramsey could say to listeners. > Read more

OIL FOR WIND - WILLIAM YEATMAN

 
On the Rumored Oil Exports for Wind PTC Extension Swap: It Could Be Worse

In the absence of a deal, we could end up with an extension of the wind production tax credit but without a loosening of oil export restrictions. > Read more
 

> Interview William Yeatman
 

CYBERSECURITY - RYAN RADIA 

Why the Omnibus Shouldn't Include Cybersecurity Legislation


Rushing a cybersecurity bill through Congress before the holidays is premature, especially given how little we know about the details of a potential cyber addition to the omnibus. > Read more

> Interview Ryan Radia

 

INTERNET SALES TAX - JESSICA MELUGIN

The Internet grinch tax threat


Proposals to expand sales tax collection on Internet purchases just won’t go away. > Read the Watchdog.org commentary


> Interview Jessica Melugin

 

NEW DRONE REGISTRATION - MARC SCRIBNER

FAA Releases Mandatory Drone Registration Interim Final Rule


We believe the entire rule is unlawful and the FAA should go back to the drawing board. > Read more

> Interview Marc Scribner

 

 

 

    

 

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.

 


Media Contacts: 202-331-2277
Christine Hall
Mary Beth Gombita


CEI Issues:

Banking & Finance
Business & Gov't
Energy & Environment
Law & Constitution
Labor & Employment
Regulatory Reform
Risk & Consumer Freedom
Tech & Telecom
Trade & International
Transportation & Infrastructure

Sign Up for the Weekly Cooler Heads Digest!

A Friday afternoon e-newsletter on the latest energy and environment happenings. Sign up today!
 



 

Wednesday
Jul222015

NH Sen Boutin bill to protect leases from real estate tax signed into law 

Concord, NH - A year-long effort by Senator David Boutin (R-Hooksett) to protect New Hampshire businesses from unauthorized taxes recently succeeded. Boutin sponsored SB 232 to protect leases from the Real Estate Transfer Tax, which the Department of Revenue Administration started applying to commercial ground leases without legislative approval.

 

“The Real Estate Transfer Tax applies to the sale of real property, and was never meant to apply to leases shorter than 99 years,” Boutin said. “This law clarifies the long-standing intent of the Legislature, and reverses the ill-conceived attempt by the DRA to rewrite New Hampshire’s tax code.

 

DRA Commissioner John Beardmore last summer sought a change in Administrative Rules to allow collection of taxes on commercial ground leases, even though the tax had never been applied that way. Faced with opposition from Sen. Boutin and other members of the Legislature, Beardmore withdrew the request and instead claimed that he already had authorization to levy the tax on leases. Boutin has been working since last summer to clarify the law, and protect New Hampshire businesses from a tax that was never approved by the Legislature.

 

SB 232 was approved 23-0 by the Senate and sailed through the House on a voice vote before Governor Hassan signed it into law last week.

 

“This unauthorized tax in commercial leases would have added a drag on our economic recovery, and undermined confidence in the stability and fairness of New Hampshire’s tax code,” Boutin added. “Passing this taxpayer protection into law reassures our business owners that they will not find any surprises in their tax bill.”

 

CHAPTER 255 - SB 232-FN-A – FINAL VERSION

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Saturday
Jul182015

Josiah Bartlett Center - Taxes Aren't What You Think They Are 

Weekly Update from the Josiah Bartlett Center

Keeping you up to date on our latest research
on the issues impacting New Hampshire

Taxes Are Not What You Think They Are

Today is the Ides of July — or Quintilis if you aren’t fond of Julius Caesar –and a good time to remind us all what we do and don’t know about taxes — that perennial political football. Tax myths abound and all too often color political debate. But a look at tax data tells us more about our economy and system than the insipid polemics that disease what passes for public discourse.

The individual income tax provides about half of all revenue for the federal government. In 2015, the individual income tax will provide $1.48 trillion, about 46% of all federal revenue. By contrast, corporate income taxes provide 10% of federal revenue, $341 billion in 2015. 
Click here to keep reading.


Cracking Open New Hampshire's Books

How are New Hampshire’s finances? According to the Mercatus Center, a Virginia based think tank, slightly better than average. In their recently released rankings of state finances, New Hampshire comes in 20th in comparison to the other 50 states. The study gauges each state based on five solvency measures, (cash, budget, long run, service level and trust fund) creating a comprehensive snapshot of each state’s finances. However, it is important to keep in mind, that the rankings only indicate a state’s financial position in relation to the other states, not in absolute terms. A low ranking might not necessarily spell financial trouble, while a high ranking does not mean a state can rest on its laurels. Click here to keep reading.

 

 
 
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Friday
Jul032015

Citizens For A Strong NH - Remembering Hassan's Tent Tax 

Remember Governor Maggie Hassan's "Campground Tax."

 

(July 3, 2015) -  As thousands of New Hampshire families and out-of-state tourists head to Granite State campgrounds for the 4th of July weekend, it is important for them to remember that if Governor Maggie Hassan had her way back in 2009, this could be a much more costly holiday. Furthermore, many of the campgrounds that existed then likely would have been forced to close down by now due to what became known as the costly and absurd "Tent Tax."

Background:

In 2009, the New Hampshire Legislature agreed in the FY 2010 - FY 2011 budget to raise the state's Rooms and Meals Tax from 8% to 9%, and expanded the tax to campsites.

  • In June of 2009, then State Senator Maggie Hassan, who was also a Senator Budget Conferee, voted for the FY 2010 - FY 2011 budget. (HB1, Roll Call Vote #103: Conference Committee Report Adopted 13-11, 6/24/09, Hassan Voted Yea; Senate Journal 20, 6/24/09, pg. 595)
  • In June of 2009, then State Senator Maggie Hassan voted for HB2, the trailer bill for the FY 2010 - FY2011 budget, which expanded the Hotels and Rooms Tax to campsites. (HB2, Roll Call Vote #104: Conference Report Adopted 13-11, 6/24/09, Hassan Voted Yea; Senate Journal 20, 6/24/09, pg. 661)
    • HB2 "increases the Meals and Rooms Tax, adds campsites to the definition of hotel." (HB2, signed into law 6/30/09; Senate Journal 20, 6/24/09, pg. 655)

In response to the newly imposed 'Tent Tax,' public pressure mounted quickly as campsite owners and vacationers recognized how detrimental it would be to the industry. WBZ-TV talked to one campground owner who said that a "9% meal and room tax increase could put many campgrounds out of business. Local campers even said "we are in a fixed income, yeah that (tax) is going to hurt."

In addition to the public outcry, the tax fell far short of what it was expected to raise, according to Gregg Pitman, executive director of the New Hampshire Campground Owners Association. 

  • In April 2010, then State Senator Maggie Hassan voted to repeal the Campsite Tax (HB1445, Roll Call Vote #48: Motion To Pass Adopted 24-0, 4/7/10, Hassan Voted Yea; Senate Journal 13, 4/7/10, pg. 279)
  • In May 2010, the Campsite Tax Repeal was signed into law, "eliminating the meals and rooms tax on campsites." (HB1445, Signed Into Law 5/3/10)

*Note: In 2010, then State Senator Maggie Hassan lost her State Senate seat to current State Senator Russell Prescott.

 

Derek Dufresne, Spokesman for Citizens for a Strong New Hampshire, released the following statement:

"In addition to the fact that our state's tourism industry is a crucial aspect of our economy, summer vacations to local campgrounds are a time-honored tradition enjoyed by many New Hampshire families and out-of-state tourists alike. As countless Granite Staters gear up for a weekend at one of our many campgrounds, it is important for them to remember that if then State Senator Maggie Hassan had her way, the Granite State campground industry of today would look significantly different.

"Only a tax and spend liberal like Maggie Hassan would believe that imposing a Rooms and Meals tax on a parking spot for a camper was a good idea. This tax would have taken a significant chunk out of New Hampshire families' pockets and forced countless campgrounds to shutdown. Thankfully, Hassan's 'Tent Tax' didn't last long, but it is just another example of how out-of-touch she is with issues important to Granite State families."

 

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