Morning Bell: Another Recession Is Imminent
Yesterday, the Congressional Budget Office (CBO) reported that without a doubt, America will have a fresh recession next year unless Congress and the President prevent… Read More
Obamacare’s 18 New Tax Hikes
Not only did the President and his partners in Congress take $716 billion out of Medicare to pay for Obamacare, but they also raise taxes… Read More
Sluggish Economic Growth: More Reason to Renounce Tax Hikes
On the afternoon of another discouraging assessment of the nation’s economic growth, the Obama Administration late Friday quietly released its mid-year update of the budget…. Read More
Latinos Favor Tax Cuts for All, Including the Wealthy
Are Hispanics—the fastest growing demographic in the country— on their way to becoming a reliably voting liberal bloc? Not so fast, especially considering a recent… Read More
Morning Bell: Obama’s Tax Hike on Job Creators
“The last thing you want to do is to raise taxes in the middle of a recession, because that would just suck up—take more demand… Read More
Obama Finally Enters the Taxmageddon Debate—With a Tax Increase
With more than half the year gone, President Obama today finally broke his silence on Taxmageddon and thus brought a smoldering debate front and center…. Read More
Taxmageddon Is Slowing the Economy Now
The uncertainty caused by Taxmageddon—the one-year $494 billion tax increase that looms on January 1, 2013—is strong enough to slow the economy months before it… Read More
Taxmageddon to Hit These States and Congressional Districts Especially Hard
Taxmageddon is getting ready to suffocate the U.S. economy under crushing tax increases on January 1, 2013. These tax hikes include the expiration of the… Read More
Morning Bell: How Taxmageddon Will Impact You
“I’ve said that this is a make-or-break moment for the middle class, and I believe it,” President Obama told an Ohio crowd yesterday. Indeed it… Read More
Chart of the Week: The Tax Burden on American Households
Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has… Read More
Why Unions Want Higher Taxes
No one likes tax increases, right? Not quite. Government unions do. In California, government unions recently postponed their contract negotiations until after a vote on… Read More
Chart of the Week: Obamacare’s 17 New Taxes
Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a whopping cost of $502… Read More
Government Unions Support California Tax Hike
Two well-connected government unions in California are teaming with Gov. Jerry Brown to support a multibillion-dollar tax increase. The California Teachers Association and Service Employees… Read More
Chart of the Week: How to Simplify the Tax Code and Lower Taxes
House Republicans return to Washington today to vote on a two-month payroll tax extension. If news reports are correct, the bill is likely to fail,… Read More
News
Chart of the Week: Taxing the Wealthy to Cover Future Deficits Won’t Work
Democrats on the Joint Select Committee on Deficit Reduction last week floated a proposal that includes massive tax increases on wealthy Americans. While their plan… Read More
Rep. Dave Schweikert: Tax Increases Won’t Solve Debt Crisis
Rep. Dave Schweikert (R-AZ) attempted on Tuesday to explain the debt debate — how the budget gap should be closed — in terms everyone can… Read More
Top 10 Reads: July 15, 2011
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Heritage Foundation comes out against McConnell… Read More
Chart of the Week: Tax Burden Is Rising to Highest Level in History
President Obama will meet with congressional leaders tomorrow to resume talks on the debt limit. The rare Sunday meeting between top Republicans and Democrats could signal… Read More
VIDEO: Hutchison Hammers Liberals for Opposing Social Security Reform
Sen. Kay Bailey Hutchison (R-TX), in an exclusive interview with Heritage, criticized her liberal colleagues for opposing Social Security reform, warning that they would… Read More
Semantics: “New Revenues” v. Tax Increases
If you’re following the evolving terms of the budget debate, the hip new phrase is “new revenues.” It sounds so much cooler than “tax increases.”… Read More
PODCAST: Taxes on the Rich
In a timely Heritage in Focus, Heritage expert Curtis Dubay discusses part of President Obama’s budget proposal to raise taxes on the wealthy – those… Read More
Hoover, FDR and Clinton Tax Increases: A Brief Historical Lesson
The obvious reason to prevent a tax hike by extending current tax rates is that doing so will prevent further economic harm to an already… Read More
Spending Cuts Are Good for the Economy
Reducing budget deficits by cutting government spending has a stronger record of economic stimulus than either reducing the deficit with tax increases or increasing government… Read More
Morning Bell: Obama’s Desperate Times and Desperate Measures
Faced with predictions of staggering losses for his party in November’s midterm elections, President Barack Obama today appeared on ABC’s “Good Morning America” and said,… Read More
Reconciliation Bill Adds Even More Taxes
A jubilant President Obama put his signature on health care legislation yesterday, but the work isn’t done quite yet. The U.S. Senate must pass the Reconciliation Act… Read More
Please! No White House Lame Duck Commission
After much congressional handwringing over what budget process reform to attach to a must-pass increase in the debt ceiling, support for the legislative proposal crafted… Read More
House Votes to Raise Estate Tax this Week
The U.S. House of Representative could vote as early as Wednesday of this week to increase the estate tax (known popularly as the death tax)…. Read More
Congress Considers Steep Death Tax Increase
Leaders in the House of Representatives recently discussed the possibility of extending the death tax at its current rate and exemption levels for one year… Read More
Morning Bell: The Pelosi Blueprint for Government Run Health Care
The new House health care bill (H.R. 3962) unveiled by Speaker Nancy Pelosi (D-CA) yesterday clocks in at 1,990 pages and about 400,000 words. As… Read More
