EconomyCommentary
A Global Wealth Tax Is a Lousy Idea
Thomas Piketty’s best-selling treatise “Capital in the 21st Century” elates liberals because it argues on behalf of soaking the rich with excessive taxation. Mr. Piketty’s… Read More
EconomyNews
How Smarter Policies Can Transform the States, Renew the Nation
His state doesn’t have pass-through taxes, so owners of small businesses don’t pay taxes on profits as part of their individual tax returns. In little… Read More
EconomyCommentary
Obamanomics Cost Now Tops $5,000 Per Family
This morning’s depressing revised calculation of the growth of the economy in the first quarter of 2014 (-1.0 percent) makes it official: The Obama expansion… Read More
EconomyAnalysis
Permanent ‘Bonus Depreciation’ an Important Move Toward Tax Reform
The present tax system is biased against savings and investment in many ways. One of the most important is that, unlike other expenses, businesses must… Read More
EconomyAnalysis
Thomas Piketty’s Questionable Data
Thomas Piketty made some questionable choices in adjusting and presenting the data that underlies his bestselling economics tome, “Capital in the Twenty-First Century.” Chris Giles,… Read More
EconomyAnalysis
Ways and Means Committee Following Right Approach on Tax Extenders
The House Ways and Means Committee this week will mark up bills to extend permanently certain provisions in the tax extenders—a group of roughly 50… Read More
EconomyAnalysis
A Dynamic Leap Forward on Tax Policy
On May 21, Senator Rob Portman (R–OH) introduced an important piece of legislation, the Accurate Budgeting Act (S. 2371). It would require the Joint Committee… Read More
Not a Joke: New York Senate Passes Bill Making Yogurt the State Snack
State senators in New York were hard at “work” last week, spending a whopping 45 minutes debating whether to make yogurt the official state snack…. Read More
High Taxes Are Not What We Need
In public policy, bad ideas — no matter how many times they have been discredited — never completely go away. They seem to pop up… Read More
One Way to Stop American Jobs from Walking Away
Policy has consequences, and they’re often very predictable. For example, if you tax businesses more, they will be less likely to locate in your country…. Read More
Health CareNews
9 Obamacare Predictions That Have Come True
It directly affects the personal life of every American, and it controls or regulates a complex sector of the American economy that is slightly larger… Read More
Shaheen–Portman’s Forced Energy Efficiency Hurts
The Senate is expected to vote next week on the Energy Savings and Industrial and Competitiveness Act, sponsored by Senators Jeanne Shaheen and Rob Portman,… Read More
The Robin Hood Fallacy: Piketty Would Take from the Rich to Give to the Poor
In public policy, bad ideas—no matter how many times they have been discredited—never completely go away. They seem to pop up over and over. Enter… Read More
Response to Club for Growth’s Chocola: Let’s Not Raise Taxes with the Extenders
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
2014 Tax Day Chart: Who Pays the Most?
Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers… Read More
A Little ‘Happy’ Song for Your Tax Day
Does dividing business and personal expenses — and seeing how the government wasted your money — get you down? Whether or not you’ve heard Pharrell’s… Read More
Where Did Your Tax Money Go?
It’s pretty unreal when you see it. Your 2013 tax dollars—which are due today—went primarily to pay for government benefits. Major entitlements (Medicare, Medicaid, and… Read More
Most Small Businesses Burdened by Costly Tax Preparation Process Support Tax Reform
Small businesses are increasingly burdened with tax preparation costs, with a majority spending over a week per year on federal tax preparation and thousands of… Read More
The Two Faces of the Wind Industry
A new report from the Department of Energy projects slower growth and a “direct and negative” impact on U.S. wind manufacturers if a $22-per-megawatt-hour (after… Read More
What No One Wants to Admit About Social Security Taxes
It’s a bummer when you see how much income tax comes out of your paycheck. But when you see that Social Security line item, do… Read More
Health CareNews
The Charts Obama Doesn’t Want You to See
Talking about Obamacare’s effects is one thing; seeing hard data is another. Heritage’s newly updated Obamacare in Pictures has 15 charts that show the law’s… Read More
Tax Refunds Cause for Concern, Not Celebration
Tax Day, April 15, is fast approaching. Americans’ general dislike or sometimes outright disgust toward paying taxes is typically cushioned by the widespread receipt of… Read More
Economic Freedom: America’s Entrepreneurial Pulse at Risk
April 15, better known as Tax Day, is approaching again. The “Yes, We Can” Administration, which has squandered billions of hard-working Americans’ tax dollars every… Read More
Herman Cain on GOP Tax Plan: Force Harry Reid to Act
Herman Cain, who ran for president on the 9-9-9 tax plan, challenged Republican leaders in the House of Representatives to pass a tax reform bill… Read More
3 Ways to Make April 15 Less Painful
Yesterday you told us what you think Washington should be doing—and more than a few of you said dealing with our horrendous taxes. Representative Dave… Read More
Tax Reform at Last?
Today, House Ways and Means Committee Chairman Dave Camp (R) of Michigan jumpstarts the tax reform debate. It’s about time. The tax code stables in… Read More
Absent Tax Credits, the Free Market Works for Wind Energy
The wind production tax credit (PTC) expired again at the close of 2013, but Congress need not reconsider it. Although new power capacity installations were… Read More
Heritage’s Moore Urges Lawmakers to Embrace Winning Economic Messages
Economic issues consistently rank as the most important problem facing Americans — and one of the biggest challenges in Washington. Today, House Republicans turned to… Read More
Sean Hannity for Congress? Talk Show Host Says He’s Open to Political Run
Popular conservative talk-show host Sean Hannity vowed to leave New York after Governor Andrew Cuomo’s comments deriding “extreme conservatives.” Now, the Fox News host and… Read More
More New Taxes and Fees: How You’ll Pay for Obamacare in 2014
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
