The Center for Freedom and Prosperity is pleased to report that the Surface Transportation Bill as passed by Congress today did not include the Levin anti-tax haven amendment originally slipped into the Senate version by a voice vote. The amendment would have driven investment out of the US and cost American jobs. Two weeks ago the House defeated a non-binding motion to instruct the conferees to agree to the amendment, and it was ultimately dropped from the bill.

This video from the Center for Freedom and Prosperity Foundation contrasts the dependency mentality in the President’s “Life of Julia” campaign with the traditional American approach of self reliance and individual achievement.

The latest “Economics 101” video released today by the Center for Freedom and Prosperity Foundation (CF&P), narrated by Emily O’Neill, contrasts differing views of the relationship between government and citizens and highlights the economic and cultural dangers of relying too heavily on government programs.

The Center for Freedom and Prosperity Foundation released today a new Libertas policy brief highlighting the dangers of proposals coming out of organizations such as the United Nations and World Health Organization to self-fund through global taxes.

The issue of taxing powers and direct funding has become an important issue because international organizations are challenging the contribution model and pushing for independent sources of revenue.

In light of today’s Treasury Department hearing on the Foreign Account Tax Compliance Act (FATCA), the Center for Freedom and Prosperity (CF&P) is again taking the opportunity to call upon Congress to repeal the legislation.

Center for Freedom and Prosperity President Andrew Quinlan sent a letter to Democrat and Republican members of the Surface Transportation Bill Conference Committee highlighting the dangers of allowing Senator Levin’s unrelated anti-tax haven amendment, slipped into the Senate version (S. 1813) by a voice vote, to make it out of conference and into the final bill.

The Levin-Conrad-Whitehouse amendment inserted provisions supposedly to “Stop Tax Haven Abuse,” but which would in reality further undermine global capital flows and the world economy.

The IRS has announced that they will adopt an unpopular proposed regulation to require reporting of interest paid to nonresident alien depositors. The interest is not taxable under the US tax code, and both lawmakers and experts predict it will result in a loss of foreign investment in the US.