Taxation

Pompeo to introduce ‘Energy Freedom and Economic Prosperity Act’

November 1, 2011

U. S. Representative Mike Pompeo of Wichita plans to introduce the “Energy Freedom and Economic Prosperity Act,” a bill that would eliminate all tax credits related to energy.

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Kansas and Wichita quick takes: Wednesday October 26, 2011

October 26, 2011

Today: Tax increment financing; Tax incentives questioned; The Moral Case Against Spreading the Wealth; Political pretense vs. market performance; Increasing taxes not seen as solution.

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Kansas and Wichita quick takes: Monday October 24, 2011

October 24, 2011

Today: Wichita City Council; ‘Federalists’ author to appear in Wichita this week; Rep. Huelskamp to speak in Wichita; Kansas tax reform; The debt of the states; Freedom of the press; Student loans; Obama makes a great appointment; Libertarianism works both ways.

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Kansas and Wichita quick takes: Wednesday September 28, 2011

September 28, 2011

Today: Obama’s intercontinental railroad; Alain festival starts; How business loves regulation and hates markets; The Buffet rule won’t work.

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Warren Buffet’s secretary: marginal vs. average, Hauser’s Law

September 27, 2011

Some of the confusion surrounding Warren Buffet’s secretary and her taxes comes from the failure to distinguish between average and marginal tax rates. Then, there’s Buffet’s tax-avoiding behavior, which illustrates Hauser’s Law.

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Research on state taxes: Kansas should cut

September 26, 2011

As Kansans prepare to debate whether to reduce our state’s income taxes, there will be those, such as Rhonda Holman of the Wichita Eagle, who will urge caution before proceeding with reducing taxes. Others will claim that government taxation and spending is what makes the state’s economy grow. Two research papers illustrate the need to reduce taxes, finding that high taxes are associated with reduced income and low economic growth. Research such as this rebuts the presumption of government spending advocates that reducing taxes will kill jobs in Kansas.

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Kansas tax overhaul skeptics

September 26, 2011

Skepticism about the need for tax overhaul in Kansas is often based on misconceptions, as illustrated in a Wichita Eagle editorial.

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Kansas needs pro-growth policies

September 23, 2011

A theme of Kansas Governor Sam Brownback when he spoke in Wichita this week was jobs and opportunities, and how Kansas needs pro-growth policies to break out of a slump.

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In Wichita, private tax policy on the rise

September 12, 2011

In a free society with a limited government, taxation should be restricted to being a way for government to raise funds to pay for services that all people benefit from. But in the city of Wichita, private tax policy is overtaking our city.

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Walter Williams: Government must stick to its limited and legitimate role

September 8, 2011

Economist Walter E. Williams spoke on the legitimate role of government in a free society, touching on the role of government as defined in the Constitution, the benefits of capitalism and private property, and the recent attacks on individual freedom and limited government.

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Wichita’s high tax hotels

September 6, 2011

Community improvement district, or CID, taxes are often targeted at visitors to Wichita, and harm our city’s reputation.

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Obama job plan not likely to help

September 5, 2011

President Obama’s jobs plan is not likely to contain the ingredients necessary for economic growth and jobs.

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Our Downtown Wichita launched

September 2, 2011

As part of an effort to provide information about the Douglas Place project, a proposed renovation of a downtown Wichita office building into a hotel, Americans for Prosperity, Kansas has created a website. The site’s motto is “Limited government and free markets in Downtown Wichita benefit everyone. Centralized planning and crony capitalism benefit only a few.”

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In Wichita, historic preservation tax credits an inefficient form of developer welfare

August 22, 2011

As part of the subsidy plan for Douglas Place, a downtown Wichita hotel being proposed, developers plan to make extensive use of historic preservation tax credits to fund their project. This form of developer welfare, besides being inefficient, is largely hidden from public view.

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Contrary to Buffet, government spending is not good

August 20, 2011

Recently wealthy investor Warren Buffet has been in the news for his advocacy of higher taxes. But is government — politics, in other words — the best way to allocate resources?

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Kansas and Wichita quick takes: Tuesday August 16, 2011

August 16, 2011

Today: Future of Kansas insurance exchange; Concern over Wichita spending; Kansas governor praises wind power; Corporate taxes; How the racism charge is used.

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Supply-side economics, instead of taxes, is cure for recession

August 11, 2011

Sound money and low taxes — the elements of supply-side economics — are what cures recessions and produces economic growth.

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Kansas and Wichita quick takes: Friday August 5, 2011

August 5, 2011

Today: Jobs report; Sedgwick County budget; There are emergencies, and then there aren’t; Debt ceiling bill seen as feckless; Higher fuel standards mean higher death toll; Myths about markets; What are rights?

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Balanced budget amendment is needed

August 3, 2011

Despite claims made by opponents, we desperately need a balanced budget amendment to the United States Constitution.

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Kansas budget director on budget, fiscal reform

August 3, 2011

Steve Anderson, Kansas budget director, explains efforts to improve the Kansas budget.

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U.S. receipts and expenditures

August 3, 2011

A look at the recent history of U.S. receipts and expenditures holds useful lessons on taxes and spending.

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Sedgwick County budget: there are ways to save

August 2, 2011

There are many ways that Sedgwick County could save money, from eliminating unnecessary programs to starting to use outsourcing.

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Despite allegations, Wichita’s Dave Burk remains favored

July 28, 2011

Wichita developer David Burk remains in favor at city hall despite allegations.

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Tax expenditures, or loopholes

July 22, 2011

Tax expenditures, commonly called loopholes, are in the news as part of the debt ceiling negotiations. What is the true nature of these? Spending, or not?

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Kansas and Wichita quick takes: Wednesday July 20, 2011

July 20, 2011

Today: Kansas budget director to be in Wichita; All Kansans voted for Cut, Cap, and Balance; Foreclosed homes: the maps; Kansas certificates of indebtedness; Why more regulation is not the answer; Myths of the Great Depression.

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Sedgwick County considers a federal grant

July 13, 2011

While most people think the problem of government over-spending requires a top-down solution starting in Washington, we have to do better than waiting for Washington to act.

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Federal grants seen to raise future local spending

July 12, 2011

Not only are we taxed to pay for the cost of funding federal and state grants, the units of government that receive grants are very likely to raise their own levels of taxation in response to the receipt of the grants. This is a cycle of ever-expanding government that needs to end, and right now.

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Obama’s tax hikes must be resisted

July 12, 2011

As our nation’s leaders consider the possibility of raising income tax rates, we need to be aware of the negative impact of higher marginal tax rates on the economy and make sure we resist the lure of higher taxes. This is especially important even if the new higher tax rates are confined to to the rich.

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Local chambers of commerce: tax machines in disguise

July 11, 2011

Most people probably think that local chambers of commerce, since their membership is mostly business firms, support pro-growth policies that embrace limited government and free markets. But that’s often not the case.

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Kansas and Wichita quick takes: Sunday July 10, 2011

July 10, 2011

Today: Wichita city council; Free the world seminar; Kansas news media criticized; The revolving door.

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Kansas jobs creation numbers in perspective

July 9, 2011

The administration of Kansas Governor Sam Brownback announced job creation figures that, on the surface, sound like good news. But before we celebrate too much, we need to place the job numbers in context and look at the larger picture, specifically whether these economic development wins are good for the Kansas economy.

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Kansas job growth — or lack of it

July 7, 2011

The lack of job growth in Kansas should be in the news, as the figures are quite startling and reveal a stagnant Kansas economy when compared to nearby states

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Social Security Trust Fund: Why no truth?

July 4, 2011

Regardless of one’s attitude towards the Social Security system, the refusal by liberals to admit the fraud of the system’s trust fund remains an obstacle to honest discussion of the system’s future.

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Public opinion on debt ceiling and government spending

July 1, 2011

While the economic future of the United States seems grim, the encouraging news is that large swaths of Americans are starting to understand the reality of the situation and what must be done to place our economic house in order.

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Kansas and Wichita quick takes: Friday July 1, 2011

July 1, 2011

Today: This Week in Kansas; Kansas taxes; Wichita sales tax; Koch criticism backfires — again; Tension on debt ceiling issue; Stossel: The Money Hole.

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Corporate jet incentive, or tax dodge, or kids’ safety?

June 30, 2011

Although President Obama’s demagoguery is mistargeted, it would be a good idea to get rid of preferential tax treatment in all cases.

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Economist: Kansas must improve its competitive position

June 27, 2011

Kansas needs to implement pro-growth economic policies or face mediocrity and stagnation, says economist Jonathan Williams of the Rich States, Poor States report.

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Rich States, Poor States released for 2011

June 22, 2011

In this year’s edition of “Rich States, Poor States: The ALEC-Laffer Economic Competitiveness Index” Kansas is pretty much in the middle of the pack, failing to distinguish itself.

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Kansas and Wichita quick takes: Wednesday June 22, 2011

June 22, 2011

Today: RightOnline, Netroots Nation; The Atlantic Magazine’s Lies; Fed downgrades economic outlook; Tax the rich; Wichita speaker list announced; FairTax meeting in Wichita; Obama: Technology seen as job killer.

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Sedgwick County, Golf Warehouse, reveal shortcomings in procedure

June 3, 2011

A decision by the Sedgwick County Commission to grant a forgivable loan of $48,000 to The Golf Warehouse is yet another example of local government relying on corporate welfare as economic development, and exposes how little deliberation is given to making these decisions.

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Kansas and Wichita quick takes: Wednesday May 25, 2011

May 25, 2011

Today: The failure of American schools; Professors to Koch Brothers: Take your green back; History and legacy of Kansas populism; Federal grants seen to raise future local spending; Debt observed as sold.

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