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Government Spending Videos - Will the Last Taxpayer in IL Please Turn Out the Lights: An Economic Assessment of the Fair Tax

Will the Last Taxpayer in IL Please Turn Out the Lights: An Economic Assessment of the Fair Tax
2:16:17
October 28, 2020
Three famous economists - Arthur B. Laffer, Ph.D., Stephen Moore, and Erwin J. Antoni, Ph.D - present their new paper for The Heartland Institute titled "Will the Last Taxpayer in Illinois Please Turn Out the Lights: An Economic Assessment of the Illinois ‘Fair Tax’." The report: https://www.heartland.org/_template-assets/documents/10-28-20%20FairTaxReport.pdf The economists’ research says passage of the so-called "Fair Tax" ballot initiative, which voters will decide on November 3, would:  hit small businesses with annual profits as low as $250,000;  slow job growth by an estimated 566,000 over the next decade, effectively eliminating about one in 10 current jobs;  result in 1.4 million people leaving Illinois for better economic opportunities, setting outmigration from Illinois at about nine times faster than the current alarming rate;  reduce the state's GDP by $20.5 billion over the next decade;  reduce home value appreciation by about 10.4 percent over the next decade;  make Illinois one of the five highest tax jurisdictions in the world, with only New Jersey and some Third World nations having a higher tax on corporations.

1:32:32
October 20, 2022
The Heartland Institute's Donald Kendal, Justin Haskins, and Chris Talgo present episode 368 of the In The Tank Podcast. It appears as the though the consensus is in - we are heading for a recession. However, according to President Biden, we are only likely to get a "slight recession." The ITT crew talks about the potential severity of the coming recession. Also, the most recent census over counted in a bunch of blue states, potentially skewing the political landscape in favor of the Democrats.
 
6:39:31
September 29, 2022
The Chicago Bears signed a purchase agreement for Arlington International Racecourse in September 2021. A move to the 326-acre property in Arlington Heights would allow the Bears ownership group to build not just a state-of-the-art NFL stadium, but create a modern "destination attraction" with hotels, restaurants, retail stores, offices, and homes – which is a lucrative trend in professional sports. The sale of the property, to the Bears or another buyer, could be announced by the end of this year or early 2023. A recent poll by Americans for Prosperity showed that 72% of locals want the Bears to move out to the Northwest Suburbs, but only 21% want taxpayer dollars going towards the construction of a new stadium. Both The Heartland Institute and Americans for Prosperity believe this is an important discussion to have – not just for the Village of Arlington Heights, but as a general principle. Should public funds be directed towards massive projects such as a new NFL stadium that promise to a "positive return" on that investment for the community? There's a lot to discuss. The future of Chicago, the Bears, and many communities of the Northwest Suburbs could change drastically... and very soon.
 
1:30:15
September 15, 2022
The Heartland Institute's Donald Kendal, Jim Lakely, and Chris Talgo present episode 363 of the In The Tank Podcast. Despite continued high inflation numbers, stock market drops, and a shaky housing market, the Biden Administration thought is was a good time to celebrate the passage of the Inflation Reduction Act. Also, major credit card companies have taken action that will essentially create a national gun registry. PRIMARY TOPIC – BIDEN ADMINISTRATION CELEBRATES 40-YEAR HIGH INFLATION The Federalist - The Biden Administration Isn’t Interested In Governing But In Criminalizing The Opposition https://thefederalist.com/2022/09/14/the-biden-administration-isnt-interested-in-governing-but-in-criminalizing-the-opposition/ NYP - White House throws ‘inflation reduction’ party with James Taylor as stocks crash over dismal 8.3% rate https://nypost.com/2022/09/13/gop-slams-biden-for-out-of-touch-inflation-celebration/ Washington Post - ‘This is your victory,’ Biden celebrates Inflation Reduction Act https://www.washingtonpost.com/politics/2022/09/13/biden-inflation-reduction-act/ AP News - Driven by consumers, US inflation grows more persistent https://apnews.com/article/inflation-economy-prices-881c8411bad80180f025e138f0bd444e CNN - The Fed could crash the housing market https://www.cnn.com/2022/09/14/investing/premarket-stocks-trading/index.html NPR - Inflation is crushing rural America and may even drive people to the cities https://www.npr.org/2022/07/25/1112915507/inflation-rural-america-gas-prices-economy US JEC - State Inflation Tracker: July 2022 https://www.jec.senate.gov/public/index.cfm/republicans/2022/8/state-inflation-tracker-july-2022 SECONDARY TOPIC – MAJOR CREDIT CARDS CREATING A GUN REGISTRY The Federalist - Credit Card Giants Conspire With Democrats To Monitor Consumer Gun Purchases https://thefederalist.com/2022/09/12/credit-card-giants-conspire-with-democrats-to-monitor-consumer-gun-purchases/ Axios - Credit card companies to track gun store purchases https://www.axios.com/2022/09/12/gun-stores-credit-cards-visa-mastercard-american-express Business Insider - Trucking giant Saia says it will no longer transport firearms that are fully or partly assembled https://www.businessinsider.com/trucking-company-saia-will-no-longer-transport-guns-firearms-2022-6
 
5:54
August 16, 2022
President Biden is expected to sign the poorly named Inflation Reduction Act today despite the fact he claimed the July's inflation rate was zero percent last week. Why sign the bill then? It's because the true purpose is sneaking in a laundry list of progressive policies under the name of reducing inflation. The bill contains a record $369 billion in spending on climate and energy policies designed to lower carbon dioxide emissions. Essentially, this was a massive renewable energy bill. Steve Milloy joins the Climate Change Roundtable crew to discuss why phasing coal out of the energy sector will lead to deaths across the country. This isn't a hypothetical. Blackouts in recent years already highlight the massive damage we should expect.
 
11:05
August 15, 2022
Biden just told Americans that the economy had zero inflation in the month of July. Do prices on everyday goods and services seem higher to you? The Biden administration seems to think you need your eyes checked, making it their most laughable claim yet. Ironically, this claim was made days before Biden plans to sign the Inflation Reduction Act. Why sign a bill for a nonexistent problem? This clip comes from the In The Tank podcast, streamed live on YouTube every Thursday at 12pm CT.
 
1:14:05
March 31, 2022
The Heartland Institute's Donald Kendal, Jim Lakely, Chris Talgo, and Jack McPherrin present episode 339 of the In The Tank Podcast -- recorded LIVE at noon CT on Thursday, March 31. On this episode, the ITT crew covered Joe Biden's absurd $6 trillion budget and pressure he's getting from progressives in Congress to just do by executive order what the left has failed to do via legislation. OPENING CHIT CHAT – WORLD GOVERNMENT SUMMIT World Government Summit 2022 https://www.worldgovernmentsummit.org/events/2022/agenda BIDEN’S $6 TRILLION BUDGET NYT – Here’s what Biden’s budget would do, and not do, for climate change https://www.nytimes.com/2022/03/29/climate/biden-budget-climate.html The Philadelphia Inquirer – Four takeaways from Biden’s budget proposal https://www.inquirer.com/politics/nation/biden-budget-plan-takeaways-deficit-taxes-20220329.html Townhall – Biden’s $5.8 Trillion Budget Is All Smoke and Mirrors https://townhall.com/columnists/christalgo/2022/03/29/bidens-58-trillion-budget-is-all-smoke-and-mirrors-n2605158 PROGRESSIVE CAUCUS DEMANDS EXECUTIVE ACTION Stopping Socialism – Congressional Progressive Caucus Wants to Crown Biden King, So He Can Institute Radical Agenda with Executive Actions https://stoppingsocialism.com/2022/03/congressional-progressive-caucus-wants-to-crown-biden-king-so-he-can-institute-radical-agenda-with-executive-actions/ The Blaze – AOC admits Dems are in big ‘trouble’ ahead of midterms. Her solution: Biden should use executive power to ram through a leftist agenda https://www.theblaze.com/news/aoc-admits-democrats-in-trouble-ahead-of-midterms WORST TIME TO BE A CLIMATE ALARMIST? (if time permits) Grist – ‘We are unstoppable’: Youth climate strikes return in full force https://grist.org/article/global-climate-strike-youth/
 
1:02:39
September 30, 2021
The Heartland Institute's Donald Kendal, Jim Lakely, Chris Talgo, and Cameron Sholty present episode #314 of the In The Tank Podcast. Joe Biden and White House Spokesperson Jen Psaki have been saying some really stupid things in regards to the $3.5 trillion infrastructure bill. The ITT crew talks about that and the plan to raise the debt ceiling once again. Lastly, they talk about Greta Thunberg’s “blah, blah, blah” speech about climate change. OPENING CHIT CHAT Chicago Tribune - Chicago Bears sign a $197.2M purchase agreement for Arlington Heights racetrack land — taking the next step in a potential move from Soldier Field https://www.chicagotribune.com/sports/bears/ct-chicago-bears-arlington-international-purchase-agreement-20210929-ch5sisfdung2pohe2gvoyuwfe4-story.html ECONOMIC ILLITERACY & DEBT CEILING RAISE? (video) Jen Psaki: It’s “unfair and absurd” that companies would increase costs for consumers in response to higher taxes https://twitter.com/jasonrantz/status/1442653892672581635 (video) Joe Biden – Real cost of $3.5 trillion plan is ZERO https://twitter.com/Forbes/status/1441415560621854725?s=20 FEE - Biden Bizarrely (and Falsely) Claims His $3.5 Trillion Spending Agenda Has a Price Tag of ‘Zero’ https://fee.org/articles/biden-bizarrely-and-falsely-claims-his-35-trillion-spending-agenda-has-a-price-tag-of-zero/ Cato - The Debt Ceiling Kabuki https://www.cato.org/blog/debt-ceiling-kabuki Heartland Daily News - GOP Opposes Democrats’ Spending, Debt Ceiling Bill https://heartlanddailynews.com/2021/09/democrats-unveil-government-funding-debt-ceiling-bill-that-gop-has-vowed-to-oppose/ DICTATOR GRETA THUNBERG? (video) Greta’s “blah blah blah” speech https://twitter.com/Reuters/status/1442859142457167875 BBC - Greta Thunberg apologises for 'put leaders against the wall' comment https://www.bbc.com/news/world-europe-50799233 Clean Technica - Greta Thunberg Tells World Leaders To Stop With Flowery Speeches And Start Doing https://cleantechnica.com/2021/01/27/greta-thunberg-tells-world-leaders-to-stop-with-flowery-speeches-and-start-doing/ Please subscribe to the Heartland Daily Podcast for free on iTunes at this link: https://itunes.apple.com/us/podcast/heartland-daily-podcast/id557620400?mt=2
 
2:35:37
February 5, 2021
The Heartland Institute's Donald Kendal, Jim Lakely, and Samantha Fillmore are joined by Isaac Orr in episode 280 of the In The Tank Podcast. It seems lately like people who say they are conservative are starting to stray on issues that used to be basic – minimum wage, stimulus payments, and the national debt to name a few. The ITT crew explores this idea, discuss what has caused this, and talks about the path to normalcy (if there is one). Also, they discuss a proposal for the Biden administration to create a “Reality Czar” to police fake news in society – a truly dystopian concept. MINIMUM WAGE News 13 - Florida Bill Would Limit Who Gets $15 Per Hour Minimum Wage https://www.mynews13.com/fl/orlando/politics/2021/01/28/florida-bill-would-limit-who-gets--15-per-hour-minimum-wage Cato Institute – The Distorted Minimum Wage Debate https://www.cato.org/blog/distorted-minimum-wage-debate National Bureau of Economic Research – Myth or Measurement: What Does the New Minimum Wage Research Say about Minimum Wages and Job Loss in the United States? https://www.nber.org/system/files/working_papers/w28388/w28388.pdf STIMULAS AND NATIONAL DEBT WSJ - Welcome to the Era of Nonstop Stimulus https://www.wsj.com/articles/welcome-to-the-era-of-nonstop-stimulus-11609697936 Politico - 'We can’t wait': Democrats brace for relief bill battle https://www.politico.com/news/2021/02/01/democrats-stimulus-coronavirus-reconciliation-464533 BIDEN’S REALITY CZAR NYT – How the Biden Administration Can Help Solve Our Reality Crisis https://www.nytimes.com/2021/02/02/technology/biden-reality-crisis-misinformation.html National Review – A Biden-Appointed ‘Reality Czar’? Sure, No Way That Could Backfire https://www.nationalreview.com/corner/a-biden-appointed-reality-czar-sure-no-way-that-could-backfire/
 
38:11
October 29, 2020
Three famous economists - Arthur B. Laffer, Ph.D., Stephen Moore, and Erwin J. Antoni, Ph.D - present their new paper for The Heartland Institute titled "Will the Last Taxpayer in Illinois Please Turn Out the Lights: An Economic Assessment of the Illinois ‘Fair Tax’." The report: https://www.heartland.org/_template-assets/documents/10-28-20%20FairTaxReport.pdf This video is just 15 minutes of highlights of their remarks. See the full 52-minute presentation here: https://youtu.be/81tQdY0mAI8 The economists’ research says passage of the so-called "Fair Tax" ballot initiative, which voters will decide on November 3, would:  hit small businesses with annual profits as low as $250,000;  slow job growth by an estimated 566,000 over the next decade, effectively eliminating about one in 10 current jobs;  result in 1.4 million people leaving Illinois for better economic opportunities, setting outmigration from Illinois at about nine times faster than the current alarming rate;  reduce the state's GDP by $20.5 billion over the next decade;  reduce home value appreciation by about 10.4 percent over the next decade;  make Illinois one of the five highest tax jurisdictions in the world, with only New Jersey and some Third World nations having a higher tax on corporations.
 
2:16:17
October 28, 2020
Three famous economists - Arthur B. Laffer, Ph.D., Stephen Moore, and Erwin J. Antoni, Ph.D - present their new paper for The Heartland Institute titled "Will the Last Taxpayer in Illinois Please Turn Out the Lights: An Economic Assessment of the Illinois ‘Fair Tax’." The report: https://www.heartland.org/_template-assets/documents/10-28-20%20FairTaxReport.pdf The economists’ research says passage of the so-called "Fair Tax" ballot initiative, which voters will decide on November 3, would:  hit small businesses with annual profits as low as $250,000;  slow job growth by an estimated 566,000 over the next decade, effectively eliminating about one in 10 current jobs;  result in 1.4 million people leaving Illinois for better economic opportunities, setting outmigration from Illinois at about nine times faster than the current alarming rate;  reduce the state's GDP by $20.5 billion over the next decade;  reduce home value appreciation by about 10.4 percent over the next decade;  make Illinois one of the five highest tax jurisdictions in the world, with only New Jersey and some Third World nations having a higher tax on corporations.
 
6:33:32
July 19, 2017
The 10th Annual Free Market Road Show brings together leading business people, outstanding scholars, and policy experts to discuss the aftermath of two historic events in the United Kingdom and United States.
 
2:16:23
June 15, 2017
Dan Proft, cohost of Chicago’s Morning Answer on AM 560, will offer insights on the out-of-control government spending and too-high property taxes that plague counties throughout Illinois.