Fitch Ratings Warns: Congress Must Address the Fiscal Crisis
Proof of President Reagan’s wisdom keeps cropping up. A fresh example: The U.S. has retained its AAA credit status with Fitch Ratings, mainly due to… Read More
CBO Report Confirms Rich Already Pay Their “Fair Share”
The Congressional Budget Office (CBO) just released its latest estimates on the share of taxes paid by income level, giving voters a way to check… Read More
Deterring Economic Espionage
The House is considering new legislation concerning economic espionage. While the private sector should play the key role in combating this, there is bipartisan support… Read More
Senate Flood Insurance Compromise Will Reduce Taxpayer Cost of Disasters
Further scrambling to pay for transportation projects and the subsidized student loan interest rate freeze, Congress is now debating to add a five-year flood insurance… Read More
Author Ed Conard Talks Bain Capital, Economics and Obama’s Record
Edward Conard spent 14 years as a partner at Bain Capital, the most scrutinized company in America. But these days, he’s in the news for… Read More
EconomyNews
Congress Must Address Both Defense Sequestration and Deficits
Earlier this week, the Obama White House criticized Members of Congress for examining the effects of the $1.2 trillion in automatic spending cuts scheduled to… Read More
Tales of the Red Tape #34: FDA Invades Piggly Wiggly
Today we examine a proposed regulation that would require some 47,000 grocery stores nationwide to post calorie and other nutrition information each day for the… Read More
Yes, Alan Blinder, “Stimulus” is a Dirty Word
Whenever misguided economic policy advice crops up, it’s imperative to correct it. The latest comes from Princeton economist Alan Blinder. He advocates for more stimulus,… Read More
FY 2013 Appropriations Tracker
Both the House and the Senate are proceeding with appropriations, the annual spending measures due by the start of the new fiscal year on October… Read More
Fabricated Details on Tax Reform
The Democratic staff of the Joint Economic Committee (JEC) fabricated details about the
Supreme Court Upholds Workers’ Rights Not to Fund Union Politics
Today’s Supreme Court ruling in favor of nonunion workers in Knox v. Service Employees International Union (SEIU) significantly strengthens nonunion members’ First Amendment rights not… Read More
Online Chat on Taxmageddon
Taxmageddon is coming. Sounds like a tagline for a horrible movie, but unfortunately it is quite real. Unless congress acts, taxes will be going up… Read More
How to Reform Food Stamps—and Improve the Farm Bill
The farm bill is currently making its way through the Senate amidst heated debate. But don’t let the title fool you. Nearly 80 percent—of the… Read More
According to Union, Raising Wages Attacks Workers’ Rights
“Collective bargaining rights are under attack—again,” warns the SEIU. The union claims employees face a “federal attack on your rights at work.” How? From a… Read More
PODCAST: Automaker Bailout or UAW Bailout?
In this week’s Heritage in Focus, expert James Sherk discusses the bailout of U.S. automakers. Click here to listen. Why did the United Auto Workers union receive… Read More
Morning Bell: The Grecian Formula for Economic Decline
The President and his team have been blaming “European headwinds” for some of the U.S. economy’s woes. But the truth is that the policies pursued… Read More
Help Poor People by Cutting Trade Barriers
In 2011, the U.S. government spent more than $22 billion in non-military foreign aid while collecting $6.8 billion in taxes on imports from the world’s… Read More
The Greek Myth
How did Greece get into its fiscal situation? It’s best explained in a parable. Helen is an elegant, if somewhat faded, woman of a certain… Read More
Farm Bill: Bumper Crop of Food Stamps
The farm bill pending in the Senate has a bumper crop of food stamps. The bill, S.3240 (the Agriculture Reform, Food, and Jobs Act), should… Read More
Morning Bell: The Private Sector is Not “Doing Fine”
In now-infamous comments on Friday, President Barack Obama informed America that “the private sector is doing fine.” This, of course, was news to the 12.7… Read More
End the U.S. Sugar Program
The Depression-era sugar program was supposed to end in 1940. Instead, the Senate may soon vote on whether to extend it to 2017. The sugar… Read More
Clinton Agrees with Heritage: Stop Taxmageddon from Happening
Yesterday, former President Bill Clinton agreed with the strong message The Heritage Foundation has sent Congress and the President: Prevent Taxmageddon from taking place—and do… Read More
EconomyNews
Morning Bell: A Historic Win for Reform in Wisconsin
The state of Wisconsin has once again lived up to its billing as a Midwestern incubator of Big Ideas. In yesterday’s case, when voters resoundingly… Read More
Pensions Are Deferred Compensation—a Lot of Deferred Compensation
Last week, The Heritage Foundation released important new research on the real cost of public pensions. In response, many different public-sector advocates have offered the… Read More
Fix Entitlement Programs to Save the American Dream
The latest installment in a National Public Radio (NPR) series considers how entitlement programs impact Americans’ opportunities. This is a welcome discussion, because growing entitlement… Read More
Morning Bell: Unemployment Rises Again
For those hoping for good economic news out of Washington today, they’re in for a terrible disappointment. According to the latest jobs report from the… Read More
Trade Protectionism Is Clogging the World’s Economic Arteries
In its latest joint report with the Organization for Economic Cooperation and Development and the United Nations Conference on Trade and Development, the World Trade… Read More
Mayor Bloomberg Is Right About Public Pension Costs
In a Sunday New York Times article about public pension costs, Mayor Michael Bloomberg has the following quote: “If I can give you one piece… Read More
Morning Bell: How Radical Were Wisconsin’s Reforms?
One year ago, the state of Wisconsin adopted sweeping reforms that curbed collective bargaining rights among government workers, brought the state’s pension system into line,… Read More
Even After Walker Reforms, Wisconsin Public Workers Still Overpaid
“What Mr. Walker and his backers are trying to do is to make Wisconsin—and eventually, America—less of a functioning democracy and more of a third-world-style… Read More
