Co-published by Newsweek
When the DeVoses’ 164-foot yacht was untied from a Huron, Ohio dock, it was flying a flag of the Cayman Islands.
Co-published by International Business Times
Proposition 13’s backers have fended off legal challenges and watched as many efforts to amend it in Sacramento fizzled. What they haven’t faced is a sustained ground campaign, but that will soon change.
Leo Hindery Jr. remembers the call he got the night before he was to testify before Congress, in September of 2007, to close a tax loophole enjoyed by private equity investors. It was from Stephen Schwarzman, co-founder of the Blackstone Group, the largest private equity management firm in the U.S.
A broad-based coalition today launched an effort to reform Proposition 13, the 1978 law passed by voters that many critics believe imposed a fiscal stranglehold on the Golden State. The strategy of the “Make It Fair” coalition is clear – to split the business community while keeping homeowners on the sidelines. In doing so, advocates […]
How much do the newly enacted tax hikes on the wealthiest Americans actually affect them? Hardly at all. Almost all of the debate that convulsed Capitol Hill in December concerned the reinstatement of the highest marginal tax rate on earned income — that is, on wages and salaries. But as Fitzgerald said, the rich are […]