Obama’s Dirty Little Tax Secret: He’s Already Raised Taxes on the Rich (CHART)
The one glaring omission in President Obama’s fiscal cliff demands for higher rates on top earners is that he’s already raised their taxes. That’s right!… Read More
Obama Promises to Increase Taxes on Small Business, Then Give Them a Tax Credit
In the midst of President Obama’s push to hike taxes on the most successful job-creating Americans, the President proposed a new “stimulus” of $25 billion… Read More
Even Baseball Players Are Watching the Fiscal Cliff
The fiscal cliff is getting closer by the day, and it’s not just Washington wonks who are noticing. Even baseball players are on fiscal cliff… Read More
White House Speeds Toward Fiscal Cliff, Declining House Republicans’ Request for Terms
Late Monday afternoon, the House Republican leadership lofted its latest offering to address the fiscal cliff. The kindest conservative response possible to this proposal is… Read More
Morning Bell: House Republicans Cave on Tax Increases and Punt Entitlements
When President Obama put forth his first offer on the fiscal cliff, House Speaker John Boehner (R-OH) said, “You can’t be serious.” We could say… Read More
Fiscal Cliff: House Republican Proposal Abandons Core Principles, Gains Little
The House Republican leadership has offered a substantive counteroffer to President Obama’s frivolous fiscal cliff proposal of last week. At first blush, it appears little… Read More
Morning Bell: What IS the Fiscal Cliff?
With just a few weeks left in 2012, all eyes in Washington are on Capitol Hill and the “fiscal cliff” negotiations. As usual, Congress and… Read More
Powerball Jackpot Taxes: How Much Government Would They Pay For?
The two lucky winners of the Powerball jackpot are a part of Powerball history. Of course, the winnings are subject to federal taxes, making the… Read More
Chart of the Week: Obama’s Fiscal Cliff Plan Has $4 of Tax Hikes to $1 of Cuts
In one of heaven’s sweeter ironies, President Obama today launched the defense of his fiscal cliff proposal at a factory that makes…tinker toys. The setting… Read More
Morning Bell: 6 Fixes to America’s Fiscal Crisis
President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks… Read More
Lunch with Heritage Google+ Hangout on the Fiscal Cliff
While we are poised on the edge of a “fiscal cliff,” there are things the President and Congress can do to move us away from… Read More
Prevention of Airline Carbon Taxes Should Be a Model for Carbon Regulations
President Obama recently signed legislation that prevents the European Union (EU) from taxing U.S. airline emissions for planes that travel to and from EU countries…. Read More
Bipartisan Tax Reform? It Happened in 1986
Whenever Washington leaders start talking about the economy, they like to refer to deals and legislation from years past. In the latest fiscal cliff talks,… Read More
Shoe Shopping? Legislation Could Make Shoes Cheaper and Create Jobs
If Congress wants to create more jobs this holiday shopping season, it can start by eliminating many Depression-era tariffs on shoes. According to the Bureau… Read More
Top 15 Tweets About the Fiscal Cliff
“Fiscal Cliff” has been the catchphrase of the past few weeks, and tweets on the matter have been plentiful. We compiled a list of the… Read More
Morning Bell: 4 Reasons Warren Buffett Is Wrong on Tax Hikes
Let’s talk taxes. In a New York Times op-ed yesterday, famed investor and Berkshire Hathaway CEO Warren Buffett once again argued that the wealthy should… Read More
Warren Buffett Wrong Again on Tax Increases
As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point… Read More
The Right Time for a Carbon Tax Is Never
Once the electorate was made to realize that cap-and-trade bills (Lieberman-Warner, Waxman-Markey, etc.) were actually taxes on fossil energy, cap and trade became political poison…. Read More
Heritage Finds Solutions to Sequestration
With sequestration—the automatic reductions to the federal government set to occur January 2, 2013—looming ever closer, The Heritage Foundation has put forth a proposal to… Read More
Chart of the Week: Cut Spending to Avoid the Fiscal Cliff
The Heritage Foundation has updated its Saving the American Dream plan as the nation moves inexorably towards the fiscal cliff set to hit at the… Read More
Morning Bell: The Fiscal Cliff and Beyond
In Washington, there is one issue on everyone’s minds: the “fiscal cliff.” With time running out before a massive tax hike strikes on January 1,… Read More
Lunch with Heritage Google Hangout on the Fiscal Cliff
Congress has a chance to deliver Americans a belated Christmas present shortly after Christmas if it can work to avoid running the country off the… Read More
The Carbon-Tax-Swap Fantasy
To its credit, the Obama Administration has yet to endorse a carbon tax. Such a tax is promised as the one-two punch that will put… Read More
What Are Economists Really Saying About Tax Rate Increases?
On Friday, Representative Pete Sessions (R–TX) and House Speaker John Boehner (R–OH) ran afoul of Glenn Kessler’s “Fact Checker” blog regarding a study of President… Read More
Boehner’s Olive Branch: More Revenues, but Only Through Growth
Sometimes in post-election America, there is excitement about what the future will bring. This time around, the prospect is rather horrifying. America is racing, pedal… Read More
EconomyNews
Mr. Speaker and Mr. President: The Way to Save the American Dream
The day after the election, Speaker of the House John Boehner (R-OH) called on President Obama to join in a bipartisan effort to cut federal… Read More
What’s Scary: Federal Spending Per Household
On this Halloween, ghastly, ghoulish garb and haunted houses aren’t the only sources of spookiness in Washington. Americans across the country have cause for alarm,… Read More
Morning Bell: The Specter of Taxmageddon Rises
On this Halloween, a truly frightening specter is looming. No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase… Read More
Is a Tax Cut Always a Good Thing?
According to Friday’s Washington Post, the Administration is considering a new, short-term tax cut. Should conservatives cheer? As a matter of principle, there are at… Read More
News
Obama Already Banking on Sequestration?
When the topic of sequestration arose during the final presidential debate Monday, President Obama declared, “It will not happen.” Considering that Obama has also previously… Read More
