Morning Bell: Where Did Your Tax Dollar Go?
Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day. Most Americans dread Tax Day, and… Read More
Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day. Most Americans dread Tax Day, and… 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
President Obama released his 2014 budget more than 60 days late. Heritage’s team of policy experts spent the better part of yesterday combing through it… 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
Senate Majority Leader Harry Reid (D-NV) wants to tax your gun rights. His new legislation charges you a fee that is in essence a federal… 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
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
Under the leadership of Chairman Dave Camp (R–MI), the House Ways and Means Committee released draft legislation for improving the tax treatment of small business…. 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
It’s time for Congress to make a real budget—and not just any budget. It’s been four years since the U.S. had a real budget. While… Read More
Senator Jim DeMint, the president-elect of The Heritage Foundation, apparently has a crystal ball. This morning he predicted that Obama would use the sequester as… Read More
Suppose you desperately needed to lose weight but had a Big Mac with fries and a Coke staring you in the face. You could take… Read More
President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the… Read More
Can a politician advocate budget cuts and succeed? The answer is found in the politics of President Calvin Coolidge, a man whose persistence led to… Read More
“You never want a serious crisis to go to waste,” former White House Chief of Staff Rahm Emanuel famously said. Since then, the country has… Read More
As Members of Congress left town last week for the Presidents’ Day break, a refreshing and commendable sentiment followed them: nostalgia for the “regular order”… Read More
The National Small Business Association’s economic report finds, “The growing national debt is the number one thing small businesses thin[k] Congress and the administration should… Read More
Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending,… Read More
Valentine’s Day is supposed to be when couples come together and celebrate their relationship, but the 13 tax increases in the 2013 fiscal cliff deal… 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
President Barack Obama laid out an ambitious agenda last night. Here are some highlights of our experts’ analysis of his claims, his plans, and his… Read More
The conversion of corn to ethanol has contributed to a doubling in global food prices since 2005, according to a report by the New England… Read More
Fiscal cliffs, debt, and unbalanced budgets have made raising a family in America more difficult, but pursing opportunity-oriented policies centered on creating prosperity can turn… Read More
While President Obama keeps calling for more taxes, today’s figures from the Congressional Budget Office (CBO) show the tax hike he signed into law just… Read More
Would you like a raise? For some workers, cronyism prevents receiving raises in pay. In early 2011, a Giant Eagle supermarket in Edinboro, Pennsylvania, wanted… Read More
The federal income tax is now a centenarian. On February 3, 1913, the 16th amendment to the Constitution was ratified. The revenue the income tax… Read More
Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate… Read More
Representative Mike Pompeo (R–KS) hopes his new bill calling for the repeal of all energy tax credits on both conventional and renewable energy sources will… Read More