EconomyNews
The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality…. Read More
EconomyCommentary
Just because the government raises taxes, doesn’t necessarily mean it will raise more revenues. The Biden administration is discovering that the hard way. In August… Read More
In today’s Wall Street Journal, the estimable Chris Chocola, former congressman from Indiana and current president of the Club for Growth, writes that Congress should… Read More
Obamacare contains 18 specific tax hikes, mandates, or penalties that cost Americans money, and three new ones take effect in 2014. This is only the… Read More
It’s about time for us to uncover our eyes and take a hard look at what 2013 did to our finances. Did you feel the… Read More
Economy News
As part of our countdown to the new year, here are Heritage’s top five must-see charts of 2013. 5. What If a Typical Family Spent… Read More
Since the passage of Obamacare in 2010, many of the President’s famous promises have been routinely broken. As he so ironically threatened in 2009, “If… Read More
The congressional budget deal includes some “user fees.” For the Washington establishment, that’s apparently the politically correct way of telling Americans they’ll be paying more… Read More
The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013…. Read More
Do you know how much President Obama has raised taxes? Oh, by about $3 trillion. In a new paper, Heritage expert Curtis Dubay reminds us:… Read More
President Obama gave his second in series of summer speeches on the economy today. Like his first speech last week, he recycled several old policies… Read More
Senate Majority Leader Harry Reid (D–NV) has just thrown a roadblock in front of tax reform that could stall the strong momentum that has been… Read More
The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a… Read More
Congress needs to drive down federal spending toward a balanced budget, including through entitlement reforms, while maintaining a strong national defense and without raising taxes…. Read More
EconomyNews
It is somehow fitting President Obama released his budget for Fiscal Year 2014 after Easter, a mere 65 days late—but who’s counting? Fitting because going… Read More
President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” Is this… Read More
President Obama finally released his budget yesterday—more than two months late. Heritage experts immediately went to work analyzing the mounds of new spending on education,… Read More
UPDATE: The official total tax increase in President Obama’s budget is now available in the Treasury Department’s “Green Book.” Treasury scores the total net tax… Read More
EconomyNews
Minimum Wage President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help…. Read More
EconomyNews
Last week, the President declared April 2013 National Financial Capability Month in an effort to encourage Americans to budget responsibly. This is a commendable goal…. Read More
It’s Obamacare’s third anniversary. Though many key parts of Obamacare—including some of its tax hikes and mandates—don’t go into effect until next year, Americans are… Read More
The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It… Read More
Health CareNews
For the first time in four years, the U.S. Congress is engaged in a full-throated budget debate. Take a moment for at least a quiet… Read More
It has been nearly four years since the last time the Senate passed a budget. In that time, it hasn’t as much as proposed a… Read More
At first look, the budget unveiled today by House Budget Committee Chairman Paul D. Ryan (R-WI) advances much-needed reforms and importantly accomplishes the crucial goal… Read More
Education News
President Obama’s campaign organization is using discredited information and misleading numbers in its latest effort to lobby Congress to stop sequestration. An email sent today… Read More
Heritage Foundation President-Elect Jim DeMint says Americans shouldn’t be fooled by President Obama’s scare tactics on sequestration. Federal cuts won’t harm the U.S. economy, DeMint… Read More
On Pennsylvania Avenue, right near the end, there lived a President who wanted to spend. He knew spending meant power, so hour by hour, he… Read More
The Hill newspaper demonstrated a keen knack for understatement today with its account of Senate Democrats’ $110 billion sequester replacement proposal: “The bill would appear… Read More
If you aren’t nervous, you should be. The President is, once again, talking about a “balanced approach” to fixing sequestration—the across-the-board budget cuts scheduled to… Read More
