Monthly archive for August 2018

TUA In The News: Trump and Taxes

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Recently Jim Tobin, President of Taxpayers United of America was interviewed regarding President Donald Trump and his tax policies. This is what Mr. Tobin had to say on the recent tax cuts and the new tariffs:

“Businesses will be able to hire more employees, and use some of the tax relief to invest in capital stock,” Tobin said. “That’s a source of economic growth that benefits everyone.”

The economic stimulus the tax cuts provide is being watered down as a result of Trump’s actions regarding international trade, more specifically the imposition of import duties and tariffs, according to Tobin.

“Unfortunately, Trump’s support of import tariffs decreases the positive effects of the federal income tax cuts – by one-third, according to a Tax Foundation report released this week,” Tobin said.

Import duties and tariffs raise the costs of imported goods and raise consumer prices, he explained.

Taxpayers United supports the federal income tax cuts wholeheartedly, however, Tobin said.

“It has been good for the country – the stock market is booming, businesses are expanding and unemployment is down to record lows,” he said. “In fact, we need more workers to fill all the open positions available.”

The findings from Kotlikoff’s study aren’t surprising, Tobin continued.

Tax Protest Meeting Berwyn!

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A July 23 protest was the result of rising property taxes placed on Berwyn School District taxpayers after a referendum passed last year that had an estimated increase of $300 for the community’s average homeowner. That number has more than doubled, and some local taxpayers have seen property tax increases of over $10,000. Many of those that went to the meeting also went to the school board meeting that Wednesday to demand their money back.

300 angry Taxpayers attend TUA Taxpayer Protest Meeting July 23, 2018.

Over 150 of the above taxpayers attended a July 25 school board meeting, demanding $5,000,000 of their hard earned money back.
A recording of the SD 100 board meeting can be found here: https://vimeo.com/281815776

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DISCLAIMER

Taxpayers United Of America: (TUA). is a nonpartisan, 501(c)(4) taxpayer advocacy group. Founded June 27, 1976 in Chicago, Illinois by activist and economist Jim Tobin, TUA works on behalf of taxpayers to reduce local, state, and federal taxes. In the past forty years, TUA has saved taxpayers more than $200 billion n taxes and has become one of the largest taxpayer organizations in America. Check All posts. s.

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Chicago, IL 60606 205 W. Randolph Street, Suite 1305
Phone: (312) 427-5128
Fax: (312) 427-5139
Website: https://taxpayersunitedofamerica.org
Email: info@taxpayersunitedofamerica.org

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