Hillary Clinton wants you to pay more taxes.
Surprise!
This week, in a rare moment of actually talking to people, the presidential candidate is unveiling her plans to modify the capital gains tax. Capital gains are what you get when you make the responsible decision to take your hard earned money - already taxed at extortionate rates - and invest it in stocks, bonds, or other capital that you have confidence in, instead of frittering it away on consumer goods. When these investments are made wisely, with a view towards long-term growth, you are rewarded with more savings, and the economy is rewarded with all the benefits your investment provided to well-run companies. Read More here...
2. The Real National Debt could be $210 Trillion - by Michael Greibrok
Recently, the Congressional Budget Office released their Long-Term Budget Outlook for 2015. The official CBO Outlook included some pretty scary figures. The forecast projects the deficit as a percentage of GDP to increase from below 3 percent, to nearly 6 percent in the next twenty-five years. Over the same time frame, the CBO forecasts national debt to increase to over 100 percent of GDP.
The report further showed that to get our debt in line with historical averages, we would need to increase revenues by 14 percent or reduce spending by 13 percent. The Outlook warns that the longer these issues are not addressed, the harsher and more extreme the measures to curb the debt will have to be. Read more here...
3. From High Seas to Highway Robbery: How Civil Asset Forfeiture Became One of the Worst Forms of Government Overreach - by Jason Pye
Perhaps one of the most frequent questions FreedomWorks gets from our grassroots community when they hear the many stories of innocent people whose property has been wrongfully taken from them by the government is, how a policy that so blatantly violates the Constitution came to pass? For many, civil asset forfeiture is a relatively new example of government overreach. When they hear the stories, they are outraged.
With these questions in mind, the FreedomWorks Foundation got to work on a new publication, From High Seas to Highway Robbery: How Civil Asset Forfeiture Became One of the Worst Forms of Government Overreach. This publication looks at the roots of civil asset forfeiture in 17th and 18th Century maritime law, the perverse profit motive it presents in modern and current law, how it violates due process, abuse of forfeiture proceeds, and offers basic reforms that will mitigate, if not end, abuse. Read More here...
4. FW Statement: Mike Lee is Right Give Senators Time To Read the Bills!
Following the 41-56 Senate vote against proceeding on the highway funding bill, FreedomWorks CEO Adam Brandon commented:
"Senator Mike Lee has the right idea. Providing less than an hour to read a 1,000 page bill is ridiculous, even if it's just the vote to allow debate on the bill. Senators need to be given the time to read what's in the bill before casting any votes." See more here...
5. Liberty Beats: The Unconventional Generation
6. Wisconsin Supreme Court Cuts Prosecution Fishing Expedition Line - by Erin Aitcheson
Governor Scott Walker received a huge victory last Thursday from the Wisconsin Supreme Court after a blatant abuse of power demonstrated by Democrat prosecutor, John Chisholm. The ruling comes in wake of what has been dubbed a John Doe witch hunt sparked by allegations of campaign finance violations in Gov. Walker’s 2012 recall election.
The case centered around political activity by the Wisconsin Club for Growth and other conservative organizations that successfully ended collective bargaining for a majority of public workers. Prosecutors in charge accused Walker and his supporting political groups of illegally coordinating campaign efforts that would have violated Wisconsin laws. Read more here...
Iris Somberg
Press Secretary, FreedomWorks
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