Economy

Fiscal Cliff

Six Bipartisan Reforms to Solve the Real Crisis

All of Washington's top leaders – including President Obama – have promised to get serious about entitlement reform... Now is the time to follow through. Read More.

How Congress Can Avoid the Fiscal Cliff

How can we begin to tackle the truly monumental fiscal challenges ahead? First, prevent the steep defense cuts and huge tax hikes hanging over the country. Read More.

How the Fiscal Cliff Will Impact You

Taxmageddon… a one-year $494 billion explosion of tax increases slated to hit the U.S. economy soon. The average American family will pay $4,138 in new taxes. Our leaders must stop Taxmageddon before it hits. Get the Facts.

Fix Defense Sequestration—Without Tax Increases

Our security depends on defense readiness – and the imminent Fiscal Cliff defense cuts show that Congress and the President are shunning their responsibility to protect America. Read More.

What Is the Fiscal Cliff

Here are specific recommendations for how to avoid the four main parts of the fiscal cliff. Read More.

The Fiscal Cliff consists of tax increases, steep defense cuts, the "Doc Fix," and extended unemployment benefits. If Congress and the President do not act, a massive slate of tax hikes and spending cuts will take effect in January 2013 affecting all American taxpayers.

Introduction to the Research

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Experts on Fiscal Cliff

Romina Boccia
Assistant Director
Alison Acosta Fraser
Director, Thomas A. Roe Institute for Economic Policy Studies
J.D. Foster, Ph.D.
Norman B. Ture Senior Fellow in the Economics of Fiscal Policy
Emily Goff
Research Associate
Patrick Louis Knudsen
Consultant - Visiting Fellow

Our Work

Backgrounder posted June 26, 1985 by Juliana Geran Why Romania No Longer Deserves to Be a Most Favored Nation
Backgrounder posted March 15, 2005 by Daniel J. Mitchell, Ph.D. The Impact of Government Spending on Economic Growth
Testimony posted August 28, 2007 by David B. Muhlhausen, Ph.D. The Death Penalty Deters Crime and Saves Lives
Backgrounder posted August 28, 2012 by Nicolas Loris Hydraulic Fracturing: Critical for Energy Production, Jobs, and Economic Growth
Backgrounder posted January 25, 1996 by Patrick F. Fagan, Ph.D. Why Religion Matters: The Impact of Religious Practice on Social Stability
Backgrounder posted February 12, 2013 by Romina Boccia How the United States’ High Debt Will Weaken the Economy and Hurt Americans
Backgrounder posted May 15, 2013 by Lindsey Burke, Rachel Sheffield 13 Ways the 113th Congress Can Improve Education in America
Center for Data Analysis Report posted August 21, 2008 by Shanea Watkins, Ph.D., James Sherk Who Serves in the U.S. Military? The Demographics of Enlisted Troops and Officers
Backgrounder posted April 25, 2012 by James Jay Carafano, Ph.D., Steven P. Bucci, Ph.D., Jessica Zuckerman Fifty Terror Plots Foiled Since 9/11: The Homegrown Threat and the Long War on Terrorism
Backgrounder posted May 21, 2009 by James Sherk What Unions Do: How Labor Unions Affect Jobs and the Economy

Issue Brief posted May 22, 2013 by Daren Bakst Farmers and Property Rights: Conservation Compliance Should Not Be Connected to Crop Insurance
Blog Post on Wednesday, May 22, 2013 Social Security Benefits and Cost of Living: Protecting Against Inflation
Blog Post on Wednesday, May 22, 2013 Cost of Illegal Immigration and Amnesty Could Be Higher
Blog Post on Wednesday, May 22, 2013 House Appropriations Plan Delivers Sequestration Cuts and Protects Defense
Infographic on Wednesday, May 22, 2013 Debt Grew by $300 Billion Since Debt Limit Was Suspended
Infographic on Wednesday, May 22, 2013 Excess Retiree Benefits
Infographic on Wednesday, May 22, 2013 Current Cost of Living Adjustments Overcompensate Retirees
Infographic on Wednesday, May 22, 2013 Social Security Benefits to Still Rise Significantly Under Chained CPI
Blog Post on Wednesday, May 22, 2013 Conversations with Conservatives on IRS, Debt Limit, Immigration (VIDEO)
Blog Post on Wednesday, May 22, 2013 Morning Bell: What Did Apple Do Wrong?

May 23

Event on Thursday, May 23, 2013 Strength and Focus: The Future of U.S. National Security
~ A Protect America Month Program ~It is difficult to point to any part of the world where the United States is better prepared to — Read more

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May 23

Event on Thursday, May 23, 2013 Rumsfeld’s Rules: Leadership Lessons in Business, Politics, War and Life
Throughout his long and distinguished career – as a naval aviator, a U.S. Congressman, a top aide to four American presidents, a high-level diplomat, a — Read more

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May 29

Event on Wednesday, May 29, 2013 Masters of Nothing: How the Crash Will Happen Again Unless We Understand Human Nature
If we are to avoid a second crash, then we must achieve a better comprehension of human behavior and apply this understanding to how the — Read more

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May 29

Event on Wednesday, May 29, 2013 The Last Days of Kim Jong-il: The North Korean Threat in a Changing Era
North Korea has remained a thorn in the side of the United States ever since its creation in the aftermath of the Korean conflict of — Read more

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May 30

Event on Thursday, May 30, 2013 How the West Really Lost God: A New Theory of Secularization
In How the West Really Lost God, leading cultural critic Mary Eberstadt delivers a powerful new theory about the decline of religion in the Western — Read more

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Jun 03

Event on Monday, June 03, 2013 U.S.-India: Prospects for Partnership - A Discussion with Members of the Indian Parliament
Join us as we examine the current status of the U.S. relationship with India – and explore how this relationship might expand. China’s rise, the — Read more

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Jun 05

Event on Wednesday, June 05, 2013 Honor Flight: One Last Mission
A special screeningHonor Flight is a heartwarming documentary about four living World War II veterans and a Midwest community coming together to give them the — Read more

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Jun 06

Event on Thursday, June 06, 2013 The Lack of Science in the Scientific Consensus: The Case of the National Climate Assessment
Global-warming alarmists continually refer to a “scientific consensus” to support drastic policy proposals. They insist on peer-reviewed publications as the standard for debate, while ignoring — Read more

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Jun 06

Event on Thursday, June 06, 2013 After the 2014 Withdrawal: How to Sustain the Decade of Gains for Women in Afghanistan
Co-hosted by the United States Institute of PeaceThe Heritage Foundation and the United States Institute of Peace will co-host Congresswomen Cathy McMorris Rodgers (R-WA) and — Read more

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Jun 14

Event on Friday, June 14, 2013 American Betrayal: The Secret Assault on Our Nation’s Character
In American Betrayal, Diana West argues that – current policies today notwithstanding – America began to abandon its core ideals and march toward Socialism nearly — Read more

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Blog Post on 5/22/2013 2:00:27 PM Social Security Benefits and Cost of Living: Protecting Against Inflation
Blog Post on 5/22/2013 1:08:20 PM Cost of Illegal Immigration and Amnesty Could Be Higher
Blog Post on 5/22/2013 10:28:57 AM House Appropriations Plan Delivers Sequestration Cuts and Protects Defense
Blog Post on 5/22/2013 6:49:56 AM Conversations with Conservatives on IRS, Debt Limit, Immigration (VIDEO)
Blog Post on 5/22/2013 6:35:57 AM Morning Bell: What Did Apple Do Wrong?
Blog Post on 5/22/2013 6:00:41 AM Big Hospitals’ Obamacare Deal Betrays Seniors and the Poor
Blog Post on 5/21/2013 9:33:10 PM Pro-Internet-Tax Groups Get the Facts Wrong
Blog Post on 5/21/2013 5:04:19 PM White House Spins Obama’s Role in Benghazi: From Competence to Irrelevance (VIDEO)
Blog Post on 5/21/2013 2:50:17 PM Energy Efficiency Bill Is a Big Step in the Wrong Direction
Blog Post on 5/21/2013 2:12:15 PM With Growing National Security Threats, A New Counterterrorism Direction Is Needed

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