Obamacare Raises Taxes on 3 Million Middle-Class Americans
President Obama repeatedly promised not to raise taxes on middle-class families. Yesterday, the Supreme Court ruled that he already has. Chief Justice John Roberts upheld… Read More
What Japan’s Tax Debate Is Really About
A major political struggle in Japan is coming to a head this week, one that could empower the current government or ultimately bring it down…. Read More
Online Chat on Taxmageddon
Taxmageddon is coming. Sounds like a tagline for a horrible movie, but unfortunately it is quite real. Unless congress acts, taxes will be going up… Read More
Taxmageddon Will Decimate the Finances of Low-Income Americans
“Taxmageddon,” also called a “massive fiscal cliff” by Federal Reserve chairman Ben Bernanke, refers to the assortment of expiring tax relief combined with new Obamacare… 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
Taxmageddon Veto? Obama’s Recent History Suggests Otherwise
Former President Clinton caused quite the commotion earlier this week when he said on CNBC: What I think we need to do it find some… Read More
Clinton Agrees with Heritage: Stop Taxmageddon from Happening
Yesterday, former President Bill Clinton agreed with the strong message The Heritage Foundation has sent Congress and the President: Prevent Taxmageddon from taking place—and do… Read More
Obamacare’s Five Most Damaging Effects on Seniors
In anticipation of the Supreme Court’s Obamacare decision, it is important to remember that the constitutionality of the individual mandate isn’t the only problem with… Read More
The Difference Between a Courageous Budget and a Dangerous One
Despite all the talk of “austerity,” little has been done to stem the tide of the United States’ ever growing debt. The little that has… Read More
Five Good Reasons to Prevent Taxmageddon
On January 1, 2013, the American people will be hit with the biggest tax hike in history. It’s known as “Taxmageddon,” and it will bring… Read More
Pawlenty and Boehner Agree: Stop Taxmageddon Now
Former Governor Tim Pawlenty (R–MN), national co-chair of the Romney for President campaign, appeared on CNBC yesterday and chastised President Obama for failing to lead… Read More
California’s High-Speed Spending Spree
The State of California keeps sinking into a deeper hole of debt, with reports showing that the state’s budget shortfall is projected to be $16 billion,… Read More
Facebook Billionaire Flees America for Lower-Taxed Shores
Facebook’s much-vaunted initial public offering is on the horizon and promises to shower a few lucky individuals with millions if not billions of dollars. One… Read More
Morning Bell: Stopping the Largest Tax Hike in History
The largest tax hike in history is due to strike the United States on January 1, 2013. Known as “Taxmageddon,” it would impose $494 billion… Read More
Speaker Boehner Plans to Stop Taxmageddon Train Wreck
House Speaker John Boehner (R–OH) announced yesterday that the House is gearing up to vote prior to the November election on extending all of the… Read More
Obama Keeps Recycling Failed Tax Policies
There he goes again. It seems that President Obama just can’t help himself. He keeps pushing Congress to pass policies it has rejected in the… Read More
Morning Bell: A Better Life for Julia
Her name is “Julia,” and if you haven’t seen her, she’s a colorful cartoon character invented by the Obama campaign to help spread the message… Read More
Congress Needs to Act Now on Taxmageddon
A few weeks ago, around Tax Day, Heritage started warning of Taxmageddon—a one-year, $494 billion tax hike that slams the economy on January 1, 2013,… Read More
Morning Bell: America’s Budget Crisis in Pictures
It’s pretty clear to most Americans that Washington is broken and spending money well beyond the country’s means. In fact, Sunday marked three years since… Read More
Of Course Higher Taxes Slow Growth
In The Wall Street Journal on Tuesday, Peter Diamond and Emmanuel Saez present a rambling defense of higher taxes on the rich to fund an… Read More
Top 10 Most Expensive Obamacare Taxes and Fees
Yesterday was tax day, serving as a special reminder of how big the federal government has become. As Heritage has warned before, Obamacare is on… Read More
In Pictures: What Costs More? Life or Taxes?
As the saying goes, there are only two certainties in life: death and taxes. Given that fact, it’s worth taking a look at how much… Read More
Why Bush Isn’t Responsible for Today’s Debt Crisis
We get it, the last thing President Obama wants is to be blamed for is the nation’s growing debt—or anything else, actually. But the statute… Read More
Henry Ford: No Model P(rogressive)
President Obama has a new role model for his Buffett Rule tax—Henry Ford. It’s an odd choice considering that Ford advocated free-market capitalism and opposed… Read More
Morning Bell: What Tax Day Could Feel Like in 2013
In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for… Read More
Tax Day 2012: Taxmageddon on the Horizon
In a bit of scheduling serendipity, Tax Freedom Day—the day when Americans finally earn enough income to pay off the bill for all federal, state,… Read More
Sweden Is Not Just About ABBA and IKEA Anymore
Sweden is known for, among other things, Swedish meatballs, the pop group ABBA, and IKEA. Well, here is another thing that Sweden should be recognized… Read More
Picture This: The Buffett Rule vs. Obama’s Budget
President Obama says his “Buffett Rule” — which imposes higher taxes on wealthy Americans and job creators — will help “stabilize our debt and deficits… Read More
Morning Bell: Tax Gimmicks, Tax Doom
The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans… 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
