The Senate included a Levin-Conrad-Whitehouse amendment in the Surface Transportation Reauthorization Bill (S. 1813) that expands onerous powers in the Patriot Act in order to give the Treasury Department unchecked powers to extend US tax law beyond American borders.

The Center for Freedom and Prosperity Foundation, joined by 23 of the country’s most influential free market and taxpayer rights organizations, sent a letter to Treasury Secretary Timothy Geithner urging withdrawal of an Internal Revenue Service (IRS) regulation that would discourage capital from the U.S. economy and weaken the American financial system.

We are troubled by the Treasury Department’s failure to withdraw a rule that faces near universal opposition, provides no benefit to the U.S., and threatens to drive billions in much needed foreign investment out of the economy. We are therefore writing again to express our opposition to the nonresident alien deposit interest reporting regulation (REG-146097-09), and ask that it be withdrawn.

The Center for Freedom and Prosperity Foundation released today a policy brief highlighting the statist agenda of the Organisation for Economic Co-operation and Development (OECD), and how the organization works against the interests of U.S. taxpayers.

Funding of the OECD should be cutoff until such time as the organization ends its campaign against low-tax jurisdictions and the principles of limited government.

The Center for Freedom and Prosperity (CF&P) is participating Wednesday in a conference in the British Virgin Islands, where Dan Mitchell and Brian Garst will outline growing threats to international tax competition and business.

The latest “Economics 101” video released today by the Center for Freedom and Prosperity Foundation (CF&P), narrated by Michelle Fields, explains that most politicians have learned the wrong lessons from the Great Depression. Entitled, “The New Deal Was A Failure: Hoover and FDR Prolonged the Great Depression with Big Government,” the video illuminates, through a timely economic history lesson, the dangers of President Obama’s insistence on following in the footsteps of FDR.

This mini-documentary from the Center for Freedom and Prosperity Foundation explains how the statist policies of Presidents Hoover and Roosevelt lengthened and deepened the Great Depression. The video also briefly explains how reductions in the burden of government spending helped the economy recover from a deep recession after World War I and to grow after World War II.

Proposed IRS non-resident alien interest deposit reporting requirement received an unfriendly reception at an October 27 hearing held by a subcommittee of the House Financial Services Committee.