In The News

The U.S. Supreme Court will soon release its decision regarding King vs. Burwell. A win for King won’t kill the law, but could make it largely unworkable in 34 states. But a win would also mean taxpayers would save an estimated $700 billion from fewer subsidies, and insurance companies may offer limited-benefit plans to help full the coverage gap. 

Paul's plan would “blow up” (his words) the incomprehensible U.S. tax code and start from scratch with a simple, low and fair tax.

Critics say the provision would allow states to harass businesses. "It opens the door to a grotesque expansion of state tax collection authority that is almost certainly unconstitutional, and places mandates upon the states that are probably unconstitutional as well," said IPI's Tom Giovanetti.

He’s still the best of the Bushes. But is that enough to attract conservative primary voters who are demanding less of the same ole thing?

Obamacare opponents see a potential silver lining in a Supreme Court decision that would end tax credits for many of those using the federal marketplace. To fill the coverage gap, insurance companies might look to sell bare-bones "limited-benefit" plans that don't meet Obamacare's minimum coverage requirement but are less expensive, suggested Merrill Matthews. 

Health care stocks have been one of the best performing sectors over the past several years, especially thanks to Obamacare. But if plaintiffs win in King v. Burwell, will that decision send health care stocks into a tailspin?

A new online sales tax bill introduced today by Congressman Jason Chaffetz (R-Utah) is not only even more harmful than the Marketplace Fairness Act toward small businesses and interstate commerce, but also opens the gates to an unprecedented expansion of taxation and taxpayer harassment by out-of-state tax collectors.

As strange as it may sound, President Obama’s recent statements give the impression that he’s willing to let his health care law go on life support—if he can claim Republicans pulled the plug. 

Will Deener, Dallas Morning News columnist, recently moaned about how big U.S. companies engaged in real businesses are avoiding paying billions in taxes because "the nation’s largest companies stockpile billions of dollars in profits overseas." In the process, he assumed that companies would pay the highest federal income tax rate of 35 percent on all overseas profits repatratriated. That's simply wrong, and it's astonishing that someone with his experience doesn't know any better.

Scientists at the National Oceanic and Atmospheric Administration (NOAA) manipulated the raw data from global temperatures.