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In Action

Another Tax Hike for Wisconsin?
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Press Release

Another Tax Hike for Wisconsin?

From the “no surprises there” file comes State Representative Terese Berceau’s plan to raise Wisconsin’s beer tax.  News like this just goes to show that once you start down the slippery slope of taxes and fees instead of pro-growth policies, there’s no stopping.  Take Action and tell your leaders you oppose this tax hike scheme.FreedomWorks members from the Dairy State know that we’ve been actively opposing a cigarette tax hike and other fees that have been on the legislative table.  In an email last month, FreedomWorks explained how that cigarette tax, which would make just the state taxes alone more than $2.52 per pack, wouldn’t begin to fill the budget holes.  And that in fact, if high taxes were the path to prosperity then Wisconsin should be doing great!It’s clear that some in Madison haven’t gotten the message and are now piling on even more tax hikes. The latest plan is a beer tax that would raise the cost of a six-pack by 50 cents.  That might not seem like a lot from a big desk in the capitol, but these days every penny counts.  The beer tax is a perfect example of why FreedomWorks fights to oppose all tax hikes, even ones that you might think won’t affect you.  That’s because without cutting spending and adjusting the state’s bottom line the money will never be enough. First, people will go across state lines, to the black market, the internet, and Indian Reservations to avoid the hefty tax.  Second, others will simply go without -  just because Wisconsin can’t stick to a budget doesn’t mean families don’t have to.  And soon small businesses, the glue of our economy, as well as those working in the hospitality industry like servers and bartenders, will begin to feel the pain the most as business dwindles.  Then before long, when the money doesn’t come rolling in, elected officials will start nosing around for the next thing to tax.It’s clear that tax hikes are something we should all oppose and we all need to vigilantly watch out for.  You may not smoke.  You may not drink beer.  Still, one way or another, everyone will have to pay for the tax and spend decisions that are made at the state capital.  Let’s try to stop these tax hikes once and for all. Please take action and tell your lawmakers you oppose this plan.  Wisconsin needs to stop spending and roll back the regulations that stand in the way of real growth.

05/20/2009
Fed Open to Spending Even More
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Blog

Fed Open to Spending Even More

Beyond the $1.75 trillion in mortgage related assets and treasury securities the Federal Reserve already has committed to buying, the board said in its April meeting that it was not ruling out buying even more private assets.  Further intervention in the market to purchase more private assets will only prolong the recessionary pain we're feeling now.  The Fed should never have purchased any of their assets and the sooner it discloses what it has bought and how much it's lost, the better for the economy.  Those privileged banks should face market tests of profit and loss rather than receiving bailouts for bad decisions from the Federal Reserve.

05/20/2009
A Stealth Budget Bill
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Op-ed Placement

A Stealth Budget Bill

BY Matt Kibbe

President Obama is insisting on arcane procedural language tucked away in the budget resolution conference report that will dramatically expand the federal government's control over your personal health care decisions and our nation's health care system, all without a single hearing or a public debate.

05/19/2009
Government Threatens Hedge Fund President
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Blog

Government Threatens Hedge Fund President

Check out this letter in which members of Congress threaten Glenworth Financial's president William Frey likely over his opposition to the strangely named "Helping Families Save Their Homes Act of 2009."  An article by Frey in the Washington Times on the act can be found here.   

05/19/2009
EPA, Waxman-Markey Join Forces to Raise Energy Costs
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Blog

EPA, Waxman-Markey Join Forces to Raise Energy Costs

New FreedomWorks member and geophysicist, Dennis Henke of Wichita, KS is testifying today before the EPA at a hearing about the regulation of CO2 - carbon dioxide, gas we all exhale and that the EPA recently declared to be a harmful greenhouse gas worthy of regulation under the Clean Air Act.    In a press release, Henke points out the faulty science and poor logic behind the ruling.

05/18/2009
California - Our Canary in a Coal Mine
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Blog

California - Our Canary in a Coal Mine

It's common knowledge that California is going broke.  So broke they're asking for TARP money, a program whose beneficiaries can't get out of fast enough.  It was bad enough when they took  my money to give to banks and companies that made bad decisions - but naysayers were explained away with words about "systemic risk" and "too big to fail."  With a GDP among the top ten in the world (were it an independent country), it's hard to see how we won't see those same platitudes trotted out again.

05/15/2009
Antitrust and the Movies
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Blog

Antitrust and the Movies

Mark Thorton over at the Mises Institute has a very interesting article up today on the role of anti-trust regulation in Hollywood.  Be sure to check it out.  He describes how movies were produced in the "golden age" and how Federal Trade Commission forced them to change it.

05/15/2009
No New Taxes for Louisiana
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Press Release

No New Taxes for Louisiana

During a recession, the last thing government should do is raise taxes on the middle class and poor. But that is exactly what some Louisiana legislators are trying to do. They have crafted a 50 cent per pack tax hike on smokers that they say will raise more money for the state. But instead of raising taxes, legislators in Baton Rouge should find ways to cut wasteful government spending.Regardless of whether you smoke or not, all of us can agree that increasing taxes on the middle class and making it tougher for small businesses during a recession is bad public policy. Plus, the revenue that the government wants to collect won’t be there anyway, as recent studies have shown.Take a minute and SEND A MESSAGE to the legislature, telling them to stand on the principles of lower taxes, less government and more freedom by opposing the tobacco tax.

05/15/2009
Help Us Defeat the National Soda Tax
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Press Release

Help Us Defeat the National Soda Tax

During the presidential campaign of 2008, Barack Obama pledged that those making below $250,000 would not see their taxes go up one dime. He promised to cut taxes for the middle class and poor people. But if his friends in Congress get their way, President Obama will have a tough decision to make – whether to break his campaign pledge again in the form of higher taxes on soda and “sugary drinks” like sports and energy drinks.

05/15/2009
Brian Wesbury on bad financial logic
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Blog

Brian Wesbury on bad financial logic

My friend Brian Wesbury had a particularly excellent comment on Monday: Bad Logic To view PDF of this article, Click Here Brian S. Wesbury - Chief Economist, First Trust Advisors Robert Stein, CFA - Senior Economist, First Trust Advisors Date: 5/11/2009

05/14/2009

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