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.

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 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.

As Americans scramble to finish their federal taxes before Tuesday’s deadline, the Center for Freedom and Prosperity (CF&P) reminds taxpayers, politicians and voters of the tremendous hidden burden placed on Americans by the complicated federal US tax code. In a popular video first released in 2010 as part of CF&P’s Economics 101 series titled, “The Onerous Compliance Cost of the Internal Revenue Code,” narrator Hiwa Alaghebandian examines how corrupt loopholes and rising paperwork force taxpayers to devote ever larger amounts of time, energy, resources, and money in hopes of figuring out the right number to put on their tax returns.

The Center for Freedom and Prosperity Foundation released today a policy brief highlighting the severe economic damage that would result from adoption of an IRS proposal (REG-146097-09) to require U.S. banks to put foreign law above U.S. law by reporting deposit interest paid to non-resident aliens. Entitled, “Proposed IRS Interest Reporting Regulation Threatens U.S. Economy,” the paper is the second in CF&P’s new Libertas series.

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.

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.