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JOBS Act: Crowdfunding Moves Forward
Newscom The Jumpstart Our Business Startups (JOBS) Act, passed in April 2012 with huge bipartisan majorities, was designed to substantially reduce the regulatory burden on entrepreneurs seeking to...
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Homeland Security Overtime Abuse Costs Taxpayers Millions
U.S. special counsel Carolyn N. Lerner sent a letter to President Obama and Congress last week detailing overtime abuses at the Department of Homeland Security (DHS) that cost taxpayers potentially...
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Regulation D Rule Would Harm Entrepreneurs and Economic Growth
Photo credit: Newscom The Securities and Exchange Commission (SEC) has proposed a rule that would impede capital formation, job creation, innovation, productivity improvement, and economic growth by...
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Baucus Heads Wrong Way on Important Part of Tax Reform — Again
Newscom Chairman of the Senate Finance Committee Max Baucus (D–MT) continues to release draft proposals on important parts of tax reform. His latest draft proposal is a deeply troubling plan. Baucus...
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Lack of Resources Is Not the Reason for SEC Tardiness
During a recent House Financial Services Committee mark-up, a number of members complained that the Securities and Exchange Commission (SEC) was “slow walking” the regulations necessary to implement...
View ArticleSEC Crowdfunding Rules Need Work
“Going public” now costs a company about $2.5 million. This money is spent on lawyers, accountants, and other expenses to meet the registration requirements of the Securities Act. Moreover, it costs...
View ArticleRegulation A+ Proposed Rule Needs Work
The Securities and Exchange Commission (SEC) is to be commended for recognizing the debilitating problems with the existing Regulation A, but unless the proposed rule is modified in substantial ways,...
View ArticleConstructive Small Business Expensing Bill Introduced
Representatives Pat Tiberi (R–OH) and Ron Kind (D–WI), both Ways and Means Committee members, have introduced the America’s Small Business Tax Relief Act of 2014 (H.R. 4457). This legislation would...
View ArticleIRS Politicization Is Inappropriate in a Democratic Republic
House Ways and Means Committee Oversight Subcommitee chairman Charles Boustany (R–LA) announced last week that there is “new evidence uncovered by the Committee that shows the IRS’s exam function may...
View ArticlePermanent ‘Bonus Depreciation’ an Important Move Toward Tax Reform
The present tax system is biased against savings and investment in many ways. One of the most important is that, unlike other expenses, businesses must deduct capital expenses (such as for machinery...
View ArticleDo You Want Your Private Financial Information Automatically Shared with...
On Monday, the Organization for Economic Cooperation and Development released the full version of the global standard for automatic exchange of information. The Standard for Automatic Exchange of...
View ArticleEight Reasons Why Entrepreneurship Is in Decline
Entrepreneurship matters. It fosters discovery and innovation. Entrepreneurs also engage in the creative destruction of existing technologies, economic institutions, and business production or...
View ArticleProgressives Are the Primary Impediment to Progress
Merriam-Webster defines progress as “the process of improving or developing something over a period of time” or the “gradual betterment; especially: the progressive development of humankind.” By that...
View ArticleThe IRS May Be Underfunded But It Still Deserved to Have Its Budget Cut
IRS Commissioner Josh Koskinen complained recently about Congress cutting the agency’s budget by $350 million in the recent budget deal. Koskinen warns that taxpayer service will be hurt because the...
View ArticleObama’s Budget Hikes Taxes by $1.6 Trillion
President Obama has proposed a fiscal year 2016 budget that raises $3.5 trillion in fiscal year 2016 and $45 trillion over 10 years. In his budget, Obama also proposes that over the next 10 years, tax...
View ArticleTime to End Too Big to Jail
Should an individual be able to commit fraud and not face jail time or at least serious civil consequences? Too often we have seen multi-billion dollar fraud at large banks or investment banks, yet...
View ArticleHow the New Lee-Rubio Tax Plan Would Boost the Economy
The U.S. has the highest corporate tax rate in the developed world, is the only major country to tax its businesses on income earned outside the country and delays the ability of businesses to deduct...
View ArticleNew SEC Regulation A-Plus Will Help Mid-Sized Companies
On March 25, the Securities and Exchange Commission (SEC) adopted a final rule amending Regulation A that will help mid-sized companies seeking to raise capital to grow but do very little to help small...
View ArticleMaking This Change to Tax System Would Help Businesses, Economy Thrive
Rep. Pat Tiberi, R-Ohio, is poised to reintroduce legislation that would make permanent so-called “bonus depreciation.” This legislation would enable businesses to deduct half their capital expenses...
View ArticleCongress Should Abandon This Counterproductive Tax Policy
The United States has the most damaging business tax system in the developed world because it taxes its businesses at high rates, taxes them on their worldwide income and denies them the ability to...
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