Here is all the latest research on the Obama Tax Hikes from The Heritage Foundation Read More.
President Obama has advanced a plan that reverses the long-standing successful policy: The President and his supporters are calling for tax increases, primarily on upper-income taxpayers and businesses. 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.
President Obama and Congress need to focus on policies in 2012 that will unleash the economic growth necessary to get the economy back on track, create jobs, and lower the unemployment rate. As more government spending has failed to create that growth, the President and Congress… Read more
President Obama proposed $1.5 trillion in permanent tax hikes over 10 years in his latest plan to reduce the national debt. This massive tax hike would fall mostly on families and businesses earning more than $250,000 a year. The President argues that these job creators should pay higher taxes out… Read more
Abstract: The 2010 Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act—which extended the 2001 and 2003 tax cuts for two years—also extended the lifespan of other policies that will not benefit the economy. The country is in dire need of tax reform, yet… Read more
Runaway spending and deficits continue to grow unabated in part because any attempts to rein them in are relentlessly demagogued by defenders of big government. The latest example is the budget recently authored by House Budget Committee chairman Paul Ryan (R–WI) and passed by the House of Representatives. … Read more
There is near-universal agreement among economists that raising marginal tax rates during slow economic times only makes the economy weaker. Higher tax rates reduce employment, cut investment activity, and soften household demand for goods and services. Even so, Congress is considering right now a number of tax proposals, most of… Read more
Abstract: Since 1996, Congress after Congress has voted to lighten the tax burden on Americans. The current Congress will decide this fall whether to continue this policy or to significantly raise personal income taxes. President Obama has advanced a plan that reverses the long-standing… Read more
Abstract: There is much talk in Washington and the media about the impending expiration of the 2001 and 2003 tax relief. Those in favor of letting the tax cuts expire argue that to do otherwise would be merely… Read more
An economy floundering and an election looming have President Obama thrashing about for a viable jobs policy. Obama has spent the nation into unsustainable deficits, leaving little room for additional policy. And as Senator Michael Bennett (D–CO) correctly pointed out, “We have nothing to show for it.”[1] The… Read more
President Barack Obama has called for a huge, $921 billion tax increase beginning on January 1, 2011. Congressional Democrats intend to meet his request and more—after the mid-term elections.[1] To achieve the bulk of this increase, they need merely do nothing: The tax relief enacted a decade ago… Read more
Abstract: President Obama has called for a huge tax increase to take effect on January 1, 2011. Instead of reducing spending, he proposes to raise taxes on a wide swath of taxpayers—including small businesses—despite the weak economic recovery. Congressional Democrats stand poised (immediately following the November elections) to… Read more
The Democratic majority in the U.S. House of Representatives must decide whether to write a budget extending, expiring, or repealing the Bush tax cuts. These tax cuts have provided a convenient scapegoat for the nation's budget and economic challenges. Despite a 42 percent spending increase in 2001, critics charge that… Read more
Abstract: The annual federal budget deficit is projected to reach 8.3 percent of gross domestic product (GDP) by 2020—more than three times the historical average of 2.3 percent. This dramatic increase in the federal deficit will be exclusively the result of increasing spending, not… Read more
THE ISSUE: 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… Read more
A Note to the Reader This Report is a revised version of Center for Data Analysis Report CDA01?01 published on February 22, 2001. The final results of the authors? analysis of the Bush tax plan presented in this Report reflect revisions to the static revenue estimates used… Read more
In 2001 and 2003, President George W. Bush proposed and Congress passed a series of tax cuts to reinvigorate the economy and reduce the government's burden on workers' paychecks. Because of opposition to these measures from some in Congress, they were implemented as temporary tax cuts, all of which will… Read more
The American Option Introduced by Senator Jim DeMint (R-SC), the American Option Act proposes to aggressively and immediately lower taxes on businesses and individuals. … Read more
On December 31, a set of approximately 50 tax-reducing provisions commonly referred to as the “tax extenders” expired....… Read more
House Republicans return to Washington today to vote on a two-month payroll tax extension. If news reports are...… Read more
In a recent speech in Kansas, President Obama launched a diatribe against “trickle-down” economic policies. Not only did...… Read more
Lawmakers have recently paid lip service to cutting the corporate tax rate to help boost economic growth. Doing so would...… Read more
President Obama repeatedly asked members of Congress to pass the American Jobs Act last week. But when no Democrat filed...… Read more
Tune in here at noon ET on Sunday to listen to Heritage Radio. Topics will include the new job numbers, the economy,...… Read more
My fellow conservatives, Americans are disappointed. They are disappointed that the debate over our debt limit was...… Read more
Put the security of the nation at risk or raise taxes. This is the sour "deal" liberal lawmakers are offering in...… Read more
In this week’s Heritage in Focus podcast, Heritage Action for America CEO Mike Needham discusses the latest on the debt...… Read more
Desperate to sell the American people on a yet-to-be-determined plan to raise the debt ceiling, increase taxes, and...… Read more