National Taxpayers Union

Today the Supreme Court of the United States ruled in a 7-2 decision in the case of Moore v. United States that the Mandatory Repatriation Tax was constitutional. “This is a narrow decision focused on the one-time international tax that was challenged. But the Court makes clear it is not opening the door to a wealth tax, which would still face constitutional problems as a tax on property,” said Joe Bishop-Henchman. https://lnkd.in/ev7-PNW3

According to the federal government’s comprehensive analysis of Section 301 tariffs, their cost has been almost entirely borne by American consumers. https://lnkd.in/e29Z7D3a

NTU's Brandon Arnold discussed why tariffs should NOT replace the income tax on Fox Business Network. https://lnkd.in/enEywyNi

Are you passionate about advocating for lower taxes, less spending, and free markets? We're #hiring a new Government Affairs Manager in Washington, District of Columbia. Apply today or share this post with your network.

ICYMI: NTU President Pete Sepp was included in Washingtonian Magazine's Washington DC’s 500 Most Influential People of 2024! https://lnkd.in/efp_2htk

State and local governments are currently embroiled in legal battles against (mostly) American energy producing companies, seeking monetary damages against energy producing companies for climate change under public nuisance and consumer protection laws. If the goal here is to obtain funding for environmental mitigation efforts, there are better alternatives to do so. Congress has already provided billions of dollars dedicated for remediation efforts that remain unspent. https://lnkd.in/eAN7aH5y

Americans have spent 6.5 billion hours preparing their income tax returns, with an opportunity cost of over $280 billion for preparation alone. The average American individual income tax return now takes 9 hours to complete. In total, the economic burden imposed by tax code compliance reaches $414 billion. To put this figure into context, Americans spent $214 billion on summer vacations in 2023. https://lnkd.in/ep8NfEW7

The latest data from the IRS show that over 56 million filers, 35% of the total, owed no income taxes in 2021.

In a major victory for taxpayers, a unanimous panel of the Colorado Court of Appeals agreed with NTUF’s Taxpayer Defense Center that an overnight doubling of property taxes in a few Northern Colorado counties violated the Colorado Taxpayer Bill of Rights. https://lnkd.in/esAPs2Se

President Biden unveiled his new budget for Fiscal Year 2025. Included in the budget proposal is an onslaught of over $4 trillion in new taxes framed as having business and wealthy individuals pay their "fair share."