EconomyNews
A Quick Guide to Obama’s New Budget
As soon as the White House released President Obama’s 2016 budget, Heritage Foundation experts dove into the details. Here’s a peek at some of the… Read More
EconomyCommentary
Obama Wants to Hike Corporate Taxes to Pay For Infrastructure. Here’s Why That’s a Bad Idea.
It is fitting that President Obama released his 2016 budget on Groundhog’s Day. Like Bill Murray’s character Phil Connors in the famous movie, Obama is… Read More
EconomyCommentary
What Obama Got Right and Wrong in His 2016 Budget
President Obama released his budget for fiscal year 2016 on Monday. We’ll be continuously updating this story with Heritage Foundation experts’ takes on the budget…. Read More
Senate Approves Keystone: Up to Obama to Decide If America Is Open for Business
On January 29, the Senate passed S. 1, the first bill of the 114th Congress, approving the Keystone XL Pipeline by a 62–36 margin, including… Read More
EconomyCommentary
Hey, PolitiFact, Elizabeth Warren’s Inaccurate Statement Isn’t ‘Mostly True’
A recent PolitiFact review of a statement by Sen. Elizabeth Warren, D-Mass., suggests that a statement can be factually inaccurate yet “mostly true.” In a… Read More
EconomyCommentary
How Can Conservatives Best Fight Poverty?
Conservatives have great recipes for addressing poverty. But for those living in impoverished communities to become believers in those recipes we need more chefs –… Read More
EconomyNews
Wisconsin Treasurer Fulfills Campaign Pledge by Laying Off Staff
MADISON, Wis.—Newly elected state Treasurer Matt Adamczyk ran on a campaign pledge of cutting 80 percent from a $545,000 annual budget. A few weeks into his first term,… Read More
EconomyCommentary
Why Is the United States’ Economic Freedom Ranking So Low?
If you were to rank all the countries of the world based on their level of economic freedom, you’d think the United States would be… Read More
EconomyNews
Kentucky County Sees Instant Impact of Right-to-Work Law
Six weeks ago, a Kentucky county passed a right-to-work ordinance in hopes of attracting new businesses. It already appears to be working. Warren County, Ky.,… Read More
EconomyCommentary
We Need the Government to Leave the Private Sector Alone
In his State of the Union address, President Obama argued we need government policies to build “the most competitive economy anywhere.” He’s wrong. We need… Read More
EconomyCommentary
If You Received a Higher Obamacare Subsidy Than You Were Eligible For, You Don’t Have to Pay It Back This Year
Ever since the individual health insurance mandate in Obamacare was upheld as a tax in 2012, taxpayers have been waiting to see how Obamacare affects… Read More
EconomyCommentary
Obama Wants to Reverse Sequestration. What You Need to Know.
Four years into the Budget Control Act of 2011, President Obama is expected to once again ask Congress to break its commitment to reduce spending…. Read More
Repealing the Jones Act: Good for Energy, Great for America
On January 13, Senator John McCain (R–AZ) filed an amendment to S. 1, the Keystone XL Pipeline Act, that would repeal part of a 95-year-old… Read More
EconomyCommentary
The Real Star of the Golden Globe Awards
In addition the stars, awards, and speeches, the Golden Globe awards displayed the power of free markets, the real star of the night. Whether it… Read More
EconomyCommentary
How Much Did Extended Unemployment Insurance Increase Unemployment?
It is well-established in theory and practice that unemployment insurance increases unemployment. But by how much? A new working paper by well-known labor economists found… Read More
EconomyNews
Rand Paul Slams Federal Reserve’s Secrecy, Reintroduces Bill to ‘Audit the Fed’
Sen. Rand Paul is reviving his push to audit the Federal Reserve. The Kentucky Republican and presumptive 2016 presidential candidate said he wants to bring… Read More
EconomyCommentary
The Jones Act Risks Lives
With the onset of another snowstorm hitting the Northeast, New Jerseyans are shaking their snow shovels at a federal law that causes them almost yearly… Read More
EconomyNews
California Might Replace Gas Sales Tax With Mileage Tax
Your fuel efficient car might be great for the environment, but if you live in California, it might not help you save money much longer…. Read More
EconomyNews
Here’s Paul Ryan’s Recipe for Achieving Economic Freedom
Rep. Paul Ryan has a simple recipe for how the U.S. can achieve greater economic freedom. Ryan, R-Wis., said Tuesday that stronger trade policies and… Read More
EconomyCommentary
In Index of Economic Freedom, U.S. Is 12th Freest Economy
There is no single formula for overcoming challenges to economic development and maintaining economic dynamism, but one thing is clear: Around the globe, governments that… Read More
EconomyCommentary
Steep Decline in Price of Oil Plays into Congressional Budget Outlook
The recent decline in gas prices has not only left a little more cash in Americans’ pockets, it has contributed to a sizeable increase in… Read More
EconomyCommentary
New Report: Deficit Will Exceed $1 Trillion Before Decade’s End
The new Congressional Budget Office report released today shows deficits and debt rising over the next decade, despite a short-term improvement in the 2015 budget… Read More
EconomyCommentary
Why Don’t Lawmakers Want to Update the Tax Code?
Lawmakers in Washington have plenty of work ahead of them this year, so the temptation to punt on everything but the “hot” issues will be… Read More
EconomyNews
The IRS Hired the Same Company That Botched The Healthcare.gov Rollout
The Internal Revenue Service is under investigation by an oversight subcommittee of the House Ways and Means Committee for signing a $4.46 million contract with… Read More
EconomyNews
How Nikki Haley Plans to Make South Carolina More Competitive
The governor of South Carolina has proposed lowering the state’s income tax rate from 7 percent to 5 percent, accompanied by a 10 cent hike… Read More
EconomyNews
Union Membership Rate Falls to 100-Year Low
New information from the federal government suggests workers’ interest in unions continues to fall, with union membership reaching its lowest rate in 100 years. According… Read More
EconomyCommentary
Obama Ignored Entrepreneurship in State of the Union
In the State of the Union, President Obama talked about many of the priorities he has for the nation moving forward. But entrepreneurship, it seems,… Read More
EconomyCommentary
Fact Checking Obama’s Jobs Claims in State of the Union
President Obama talked at length about jobs, the minimum wage and salaries during his State of the Union speech. Here we look at some of… Read More
EconomyCommentary
How Obama’s New Tax Plan Discriminates Against Stay-at-Home Parents
President Obama’s new tax plan, which he discussed in part in the State of the Union, lays out new proposals that he claims would help… Read More
EconomyCommentary
Obama Is Likely to Trumpet the Unemployment Rate Tonight. What the Real Story Is.
In a video previewing his State of the Union address, President Obama touted recent jobs numbers. “Last year was the best job growth we had… Read More
