The Tax Foundation
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The Tax Foundation
The Tax Foundation is an American think tank based in Washington, D.C. It was founded in 1937 by a group of businessmen in order to "monitor the tax and spending policies of government agencies". The Tax Foundation collects data and publishes research studies on U.S. tax policies at both the federal and state levels. Its stated mission is to "improve lives through tax policy research and education that leads to greater economic growth and opportunity". The Tax Foundation is organized as a 501(c)(3) tax-exempt non-profit educational and research organization, with three primary areas of research: the Center for Federal Tax Policy, the Center for State Tax Policy, and the Center for Legal Reform. The group is known for its annual reports such as ''Facts & Figures: How Does Your State Compare'', which was first produced in 1941, and its " Tax Freedom Day" brochures, which it has produced since the early 1970s. History The Tax Foundation was organized on December 5, 1937, ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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Johns-Manville
Johns Manville is an American company based in Denver, Colorado, that manufactures insulation, roofing materials and engineered products. For much of the 20th century, the then-titled Johns-Manville Corporation was the global leader in the manufacture of asbestos-containing products, including asbestos pipe insulation, asbestos shingles, asbestos roofing materials and asbestos cement pipe. The stock of Johns-Manville Corporation had been included in the Dow Jones Industrial Average from January 29, 1930 to August 27, 1982, when it was replaced by American Express. In 1981, Johns-Manville Corporation was renamed simply Manville. In 1982, facing unprecedented liability for asbestos injury claims, the company voluntarily filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. Berkshire Hathaway bought the company in 2001, then chairman and CEO Jerry Henry retired in 2004. At that point, Steve Hochhauser became chairman, president and CEO. Todd Raba succeeded him in ...
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Dave Camp
David Lee Camp (born July 9, 1953) is a former American politician who served as a member of the United States House of Representatives from 1991 to 2015. Camp represented since 1993, and previously served one term representing . A member of the United States Republican Party, Republican Party, Camp was chairman of the House Committee on Ways and Means, serving from 2011–2015. In March 2014, he announced that he would not run for re-election. Early life, education, and law career Camp was born in Midland, Michigan, the son of Norma L. (Nehil) and Robert D. Camp. He graduated from Herbert Henry Dow High School, H.H. Dow High School in 1971. He attended the University of Sussex, Brighton, England, 1973–1974 and earned his Bachelor of Arts, magna cum laude, in 1975 from Albion College in Albion, Michigan. He earned a Juris Doctor from the University of San Diego School of Law in 1978. From 1979-91, he was a partner with the law firm Riecker, Van Dam & Barker in Midland, Michigan ...
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Douglas Holtz-Eakin
Douglas James "Doug" Holtz-Eakin (born February 3, 1958) is an American economist. He was formerly an economics professor at Syracuse University, Director of the Congressional Budget Office, and chief economic policy adviser to Senator John McCain's John McCain 2008 presidential campaign, 2008 presidential campaign. Holtz-Eakin is currently president of the American Action Forum policy institute, a conservative think tank. Early life Douglas James Eakin was born and raised in suburban Pittsburgh, Pennsylvania in 1958, where his United States Navy, Navy-veteran father worked as a steel plant manager. He received a Bachelor of Arts, B.A. in economics and mathematics from Denison University in 1980 and a Ph.D in economics from Princeton University in 1985. He took his first wife's maiden name, Holtz, as part of his own upon their marriage in 1981. Career Holtz-Eakin established his academic career with appointments at Princeton University, Princeton (1984–89) and Columbia Universit ...
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Philip English
Philip Sheridan English (born June 20, 1956) is an American politician who served as a Republican member of the United States House of Representatives from 1995–2009 from the Commonwealth of Pennsylvania, representing the state's 3rd Congressional district. After 14 years in the U.S. House, he was defeated for reelection by Democrat Kathy Dahlkemper on November 4, 2008. Early life and career English is a lifelong resident of Erie and is of Irish and German descent. He attended Portsmouth Abbey School in Portsmouth, Rhode Island, and graduated from the University of Pennsylvania. While in college, he served as Chairman of the PA Federation of College Republicans. English served as Erie City Controller from 1985 to 1989. In 1988 he was the Republican nominee for State Treasurer but was defeated by Democrat Catherine Baker Knoll. He stayed in politics and served as Chief of Staff for then State Senator Melissa Hart. U.S. House of Representatives English was elected to the Ho ...
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The Atlantic
''The Atlantic'' is an American magazine and multi-platform publisher. It features articles in the fields of politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston, as ''The Atlantic Monthly'', a literary and cultural magazine that published leading writers' commentary on education, the abolition of slavery, and other major political issues of that time. Its founders included Francis H. Underwood and prominent writers Ralph Waldo Emerson, Oliver Wendell Holmes Sr., Henry Wadsworth Longfellow, Harriet Beecher Stowe, and John Greenleaf Whittier. James Russell Lowell was its first editor. In addition, ''The Atlantic Monthly Almanac'' was an annual almanac published for ''Atlantic Monthly'' readers during the 19th and 20th centuries. A change of name was not officially announced when the format first changed from a strict monthly (appearing 12 times a year) to a slightly lower frequency. It was a mo ...
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Bipartisanship
Bipartisanship, sometimes referred to as nonpartisanship, is a political situation, usually in the context of a two-party system (especially those of the United States and some other western countries), in which opposing political parties find common ground through compromise. In multi-partisan electoral systems or in situations where multiple parties work together, it is called multipartisanship. Partisanship is the antonym, where an individual or political party adheres only to its interests without compromise. Usage The adjective ''bipartisan'' can refer to any political act in which both of the two major political parties agree about all or many parts of a political choice. Bipartisanship involves trying to find common ground, but there is debate whether the issues needing common ground are peripheral or central ones. Often, compromises are called bipartisan if they reconcile the desires of both parties from an original version of legislation or other proposal. Failure to a ...
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Nonpartisanism
Nonpartisanism is a lack of affiliation with, and a lack of bias towards, a political party. While an Oxford English Dictionary definition of ''partisan'' includes adherents of a party, cause, person, etc., in most cases, nonpartisan refers specifically to political party connections rather than being the strict antonym of "partisan". Canada In Canada, the Legislative Assembly of the Northwest Territories and the Legislative Assembly of Nunavut are the only bodies at the provincial/territorial level that are currently nonpartisan; they operate on a consensus government system. The autonomous Nunatsiavut Assembly operates similarly on a sub-provincial level. India In India, the Jaago Re! One Billion Votes campaign was a non-partisan campaign initiated by Tata Tea, and Janaagraha to encourage citizens to vote in the 2009 Indian general election. The campaign was a non-partisan campaign initiated by Anal Saha. Philippines In the Philippines, barangay elections (election ...
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Bowles-Simpson
The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run". The 18-member Commission consisting of 12 members of Congress and six private citizens,Jackie CalmesPanel Seeks Social Security Cuts and Higher Taxes ''New York Times'' (November 10, 2010). first met on April 27, 2010. A report was released on December 1, 2010, recommending a combination of spending cuts (including an increase in the Social Security retirement age and cuts to military, benefit, and domestic spending) and tax increases (including restricting or eliminating certain tax credits and deductions and increasing the federal gasoline tax). The Commission's reco ...
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Tax Credit
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate. Refundable vs. non-refundable A refundable tax credit is one which, if the credit exceeds the taxes due, the government pays back to the taxpayer the difference. In other words, it makes possible a negative tax liability. For example, if a taxpayer has an initial tax liability of $100 and applies a $300 tax credit, then the taxpayer ends with a liability of –$200 and the government refunds to the taxpayer that $200. With a non-refundable tax credit, if the credit exceeds the taxes due then the taxpayer pays nothing but does not receive the difference. In this case, the taxpayer from the example would end with a tax liability of $0 (i.e. they could mak ...
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Excise Tax
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when the barrel was tapped it would destroy the stamp. An excise, or excise tax, is any duty (economics), duty on manufactured goods (economics), goods that is levied at the moment of manufacture rather than at sale. Excises are often associated with customs duties, which are levied on pre-existing goods when they cross a designated border in a specific direction; customs are levied on goods that become taxable items at the ''border'', while excise is levied on goods that came into existence ''inland''. An excise is considered an indirect tax, meaning that the producer or seller who pays the levy to the government is expected to try to recover their loss by raising the price paid by the eventual buyer of the goods. Excises are typically imp ...
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National Press Club (USA)
The National Press Club is a professional organization and social community in Washington, D.C. for journalists and communications professionals. It hosts public and private gatherings with invited speakers from public life. The club also offers event space to outside groups to host business meetings, news conferences, industry gatherings and social events. Founded in 1908, the club has been visited by many U.S. presidents, and many since Warren Harding have been members – most have spoken from the club's podium. Others who have appeared at the club include monarchs, prime ministers and premiers, members of Congress, Cabinet officials, ambassadors, scholars, entertainers, business leaders, and athletes. The club's emblem is the Owl, in deference to wisdom, awareness and nights spent working. History Founding On March 12, 1908, 32 newspapermen met at the Washington Chamber of Commerce to discuss starting a club for journalists. At the meeting they agreed to meet again on March ...
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