ASAToday for July 3rd, 2025

ASA Continues to Monitor Tariffs and Pending Legislative Steps A tariff is a tax on imported goods and services. Historically, tariffs were a major source of revenue for many countries, often being the primary source of federal revenue through the late-nineteenth century. Today, other taxes account for most government revenue in developed countries. Tariffs are…

ASA Opposes Increases to Income Tax Rates Before the spring congressional recess, ASA and the Main Street Partnership sent a letter to the Chairs of the House Ways & Means Committee and the Senate Finance Committee, strongly opposing any effort to increase income tax rates, including recent proposals to raise the top individual rate to…