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Everyone’s blaming the oil price collapse and China’s sliding economy, for the rout of the stock market these first two weeks of 2016. That’s part of the story, but there may also be a policy explanation for the bearish sell-off.
Included in the handful of conservative policy victories at the end of 2015 was the passage of the Wrongful Convictions Tax Relief Act, which was introduced by Rep. Sam Johnson (R-Texas). The bill was included in the Protecting Americans from Tax Hikes (PATH) Act, otherwise known as the "tax extenders" package. In July, FreedomWorks released a letter of support for the Wrongful Convictions Tax Relief Act.
Boxing Superstar Manny Pacquiao plans on taking his next fight on November 24th to China because of the would-be near 40% federal income tax if the fight took place in the United States. Americans for Tax Reform r
FreedomWorks Foundation, American Legislative Exchange Council, Tea Party Patriots and Committee to Unleash Prosperity in partnership with a coalition of conservative organizations and prominent individuals, launched the Save Our Country Task Force.