Grassroots Pressure Kills Nebraska Bill to Reimpose Sales Tax on Gold and Silver
LINCOLN, Neb. (Aug. 22, 2024) – In a victory for sound money, grassroots activists in Nebraska helped kill a bill that would have reimposed a sales tax on the sale of gold and silver bullion. Sen. Lou Linehan introduced Legislature Bill 1 (LB1) on July 25. The...
Kentucky Governor Plans to Continue Collecting Sales Tax on Gold and Silver Despite New Law
Kentucky Governor Andy Beshear has decided he’s going to continue collecting sales tax on the sale of gold and silver despite a new law repealing the levy and an attorney general opinion calling his line-item veto of the provision unconstitutional. Only five...
Wealth Taxes and the Direct-Indirect Tax Controversy
The challenge over realized but undistributed corporate income in the Supreme Court case of Moore v. United States is said to be an opening skirmish on the constitutionality of a potential federal wealth tax. Proponents claim a wealth levy is within the constitutional...