CBO Shows Obama’s Budget Produces More Staggering Spending and Debt
The Congressional Budget Office (CBO) estimate of the President’s budget reveals a reckless fiscal plan that shirks the spending cuts in the Budget Control Act… Read More
The Millionaire Surtax: Back from the Dead?
The “millionaire surtax” is the Michael Meyers of bad tax policy. Like the villain in the Halloween movie franchise, it keeps rising from the dead…. Read More
Obamacare: Higher Taxes, More Uninsured, Says CBO
On March 13, the Congressional Budget Office (CBO) updated its score of Obamacare, announcing that the program is $48 billion cheaper than in its previous… Read More
New Poll: Most Voters Say America is Overtaxed
More bad news for those who want to raise taxes in order to pay for another boatload of government spending: The vast majority of Americans… Read More
The 10 Terrible Provisions of Obamacare You May Not Have Heard Of
Obamacare includes such a variety and volume of negative policies that it’s hard to keep track of them all. Here is a list of 10… Read More
CBO Debunks Myth That Tax Code Favors Oil Over Renewables
Environmental activists and liberal politicians are fond of bemoaning the supposedly disproportionate tax benefits that go to the fossil fuel industry compared to its renewable… Read More
Morning Bell: Obama’s Hidden Tax Hikes
EXCLUSIVE: It could be said that President Obama has never seen a tax hike he doesn’t like — whether it’s letting the 2001 and 2003… Read More
Politico and Liberal Economists—Not Congress—Considering Tax Tradeoff
In a recent article titled “Hill Weighs Tax Trade-offs,” Politico reports that Congress is considering lowering the corporate tax rate and replacing the lost revenue… Read More
New Poll Shows Most Voters Want Lower Taxes, Even on the Rich
To hear liberals tell the tale, you might think that most Americans want to tax the pants off businesses and wealthy Americans, making them pay… Read More
Britain to Obama: More Proof that Taxing the Rich Is a Fool’s Errand
President Obama is insistent that taxes must go up to close the deficit. He says it’s just common sense that taxes must go up, because… Read More
Boehner’s Payroll Tax Holiday Still Not Stimulus, but Extension Still Easy Call
This is no time to be raising taxes on anyone. This is sufficiently obvious that even President Obama and House Republicans agree on it. And… Read More
Senator Hatch Gets It Right on Tax Extenders
On December 31, a set of approximately 50 tax-reducing provisions commonly referred to as the “tax extenders” expired. These provisions, which apply to both individuals… Read More
Chart of the Week: Top 1 Percent Paid 38 Percent of Federal Income Taxes
President Obama used his State of the Union address Tuesday to outline his idea of fairness. To put it simply, that means redistributing wealth by… Read More
Morning Bell: Mitt Romney’s Taxes and True Reform
How many times should your money be taxed? One time? Two times? Three times? Four? Sounds like a ridiculous proposition, but that’s the true story… Read More
PODCAST: State of the Union
In this week’s Heritage in Focus, Heritage director of communications, Rory Cooper, discusses the president’s State of the Union address. Click here to listen. What’s… Read More
Romney’s Taxes: Too Little or Too Much?
Much has been made of Mitt Romney’s asserted 15 percent or so tax rate. There is both a material error and an irony to this… Read More
Krueger Tries and Fails to Disguise an Anti-Growth Tax Plan in Keynesian Garb
The remarks of Alan Krueger, chairman of Obama’s Council of Economic Advisers, asserting that taxing the rich can spur economic growth demonstrate that he and… Read More
Morning Bell: It’s Time to Kiss the Tax Code Goodbye
Ready for a new year and another bout with the Internal Revenue Service, deductions, exemptions, pens and pencils, calculators, receipts, 1040s, W-2s, accountants, Quicken, TurboTax,… Read More
Congress Should Stop Subsidizing Warren Buffett’s Health Care, Not Increase His Taxes
Reports have surfaced that conservatives in Congress may propose further increasing income adjustment in Medicare to lessen the program’s insolvency. This is a great idea…. Read More
Obama Wants to Cut Taxes? Don’t Believe It for a Second.
Liberals stumping for tax cuts are as rare as three-dollar bills and hardcover digital books, and for good reason. Devoid of any other organizing principle,… Read More
Supercommittee Dithers on Tax Hikes – But Where are the Spending Cuts?
What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s… Read More
Supercommittee: Maximize Nonsecurity Spending Cuts, Do Not Raise Taxes
The Heritage Foundation has consistently urged, and continues to urge, that the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, “go big”… Read More
Austerity Successes in Previous Downturns
The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that… Read More
Morning Bell: Straight Talk for the Super Committee
It has been 12 months since the American people spoke resoundingly at the polls against overtaxing, overspending, and overborrowing, but memories can be short in… Read More
Job Creators Call for Bold Solutions on Tax Reform, Deficit Reduction
Washington politicians talk a good game when it comes to job creation. But when it comes to actually doing something, they’ve been unable to provide… Read More
Myths of Austerity Failures
Evidence shows that “austerity” during a sharp downturn in 1920 coincided with quick economic recovery and robust growth throughout the rest of the decade. Nevertheless,… Read More
Does ‘Austerity’ Work?
Remember the Great Depression of the 1920s? If not, that’s because it didn’t happen. The recession of the early ‘20s quickly ended after spending and… Read More
EconomyNews
Senate Finance Republican’s Tax Recommendations a Good Start
The Republican members of the Senate Finance Committee recently submitted their recommendations for tax reform to the deficit reduction super committee. Their recommendations lay out… Read More
Energy News
Energy Production = Deficit Reduction
Today, the House Natural Resources Committee released its list of recommendations to the deficit reduction super committee. Their recommendations would go a long way to… Read More
IRS’s Difficulty Collecting Obamacare Tanning Tax Is a Troubling Sign
President Obama is fond of saying he hasn’t raised anyone’s taxes. How soon he forgets the $500 billion tax hike in his health care law…. Read More
