The U.S. tax code is a tangled mass of complexity, containing more than 4 million words. The immense difficulty in navigating such a document creates endless loopholes and opportunities for abuse by well-connected insiders, while at the same time distorting investment decisions and hindering economic growth. It’s time to scrap the code and replace it with one that is low, flat, fair and honest. Ultimately, all Americans should be able to file their taxes on a form the size of a postcard.
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WASHINGTON, D.C. -- In response to the report that a record 157,878,000 Americans were employed in the month of August, an increase of 590,000 from July, Steve Moore, FreedomWorks Senior Economic Contributor, commented:
The moderators of Wednesday night’s Democratic presidential debate opened up with a simple statistic -- 72 percent of Americans believe the economy is going well.
FreedomWorks is proud to announce that our bill of the month for May 2019 is the Death Tax Repeal Act, H.R. 218, sponsored by Rep. Jason Smith (R-Mo.) and boasting an impressive 82 cosponsors. The Death Tax Repeal Act would fully repeal the estate and generation-skipping transfer taxes that wreak havoc on American families who are already suffering the loss of a loved one, often causing them to lose their generations-old family businesses because of the excessive greed of the federal government.
Remember a few months back, when the so-called experts in the room warned us that the partial government shutdown would ruin the economy? Boy, were they wrong.
WASHINGTON, D.C. -- In response to this morning’s report from the Bureau of Economic Analysis that U.S. GDP grew 3.2% in Q1 2019, compared to an expected 2.1%, John Tamny, FreedomWorks Director of the Center for Economic Freedom, commented:
