The Heritage Foundation offers a detailed plan to redesign entitlement programs, guarantee assistance to those who need it, and save the American dream for future generations. Read More.
Taxes should raise the revenue to fund necessary government operations in ways that cause the least possible economic damage. Accordingly, Congress and President Obama should reform the existing tax code and drop their current plans to increase taxes on high-income earners, small businesses, investors, and other job creators. Read More.
Abstract: President Obama recently unveiled his 2012 budget proposal and the 43 tax hikes it contains. The multitude of—utterly unnecessary—tax hikes will burden Americans to the tune of $1.5 trillion over the next decade. The President is proposing to raise federal tax revenues…
The National Commission on Fiscal Responsibility and Reform deserves credit for taking on the large structural deficits that risk eventual economic calamity.[1] Over the next decade, runaway spending is set to double the national debt, which would risk higher interest rates, slower growth, and steeply higher tax rates.…
Abstract: The “Obama tax hike”—the expiration at the end of 2010 of tax relief enacted nearly a decade ago—is a major issue facing American taxpayers. Often overlooked is yet another tax hike fermenting in Washington—the elimination of tax expenditures to shrink budget deficits. This…
Abstract: President Obama has proposed raising the capital gains tax rate to generate billions in new revenues for the federal government. However, according to data included in the President’s own budget, if implemented this tax increase would—at best—offset the…
OPINION/ANALYSIS: President Obama spent 2009 engaged in an unprecedented first-year spending spree. Now he is apparently planning to spend his second year creating the illusion of fiscal responsibility. On the campaign trail, then-candidate Mr. Obama…
Abstract: Despite decades of repeated failure, President Obama and Congress continue to promote the myth that government can spend its way out of recession. Heritage Foundation economic policy expert Brian Riedl dispels the stimulus myth, lays out the evidence that government spending does not end recessions--and…
Congressional Democrats are now demanding another economic stimulus package to "inject" as much as $300 billion into the economy. The package will fail -- just like last year's $333 billion in emergency spending and $150 billion in tax rebates failed. There's a simple reason why. Government stimulus bills are based on the idea that feeding…
Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a...…
Less than a month from tax day, a pair of reports from federal watchdogs raises serious concerns about the Internal...…
Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals...…
Roberton Williams and Rosanne Altshuler’s Five Myths About Your Taxes in the Washington Post on Sunday was such a useful...…
Massive increases of spending by the Obama Administration, from the stimulus to its proposed budget, have created...…
So, would President Obama’s budget plan really increase deficit spending much more than other modern presidents? Well,...…