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.
President Obama’s tax plan will, famously, end the 2001 and 2003 tax relief for Americans earning $250,000 a year or more. But, far from raising taxes only on the “rich,” the widespread effects of the Obama plan will hurt Americans at every income level. 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. Read More.
The top tax rates on qualified dividends are scheduled to jump from 15 percent to nearly 40 percent on January 1, 2011—just one of many reasons the Bush tax relief should be extended. Read More.
Here are the latest blogs on the Obama Tax Hikes from The Heritage Foundation Read More.
Conventional wisdom says that Congress and the President will get nothing done in 2012 until after the elections. Conventional wisdom appears to be at least mostly correct, but in one respect Congress should not fall prey to conventional wisdom: preventing Taxmageddon. Too much is at stake…
The nation faces an unprecedented tidal wave of tax hikes on January 1, 2013. Aptly called “Taxmageddon,” at nearly $500 billion the tax hike is so massive that it has accomplished what many regarded as impossible: consensus.[1] There is broad agreement that at least most of this tax…
If President Obama and Congress fail to act this year, an enormous, unprecedented tax increase will fall on American taxpayers starting on January 1, 2013. The Washington Post called the looming tax increase “Taxmageddon,”[1] and Federal Reserve chairman Ben Bernanke called it a “massive fiscal cliff.”[2] …
In the few months since Washington’s dramatic debt ceiling confrontation, America’s fiscal situation has only worsened. Federal spending is set to soar past previous record-shattering levels, endangering the economic future of the nation. This is a moral issue because younger generations will be forced to bear either staggering levels of…
Abstract: The current tax code is an enormous burden on the economy, preventing it from reaching its full potential. Tax reform is long overdue. After initial reluctance, President Obama now agrees that the economy needs tax reform. He…
As the national debt races toward $17 trillion and nearly 13 million Americans search fruitlessly for work, America needs bold changes from its leaders. Congress must get federal spending and borrowing under control and get out of the way of job creation in the private sector. …
Curtis Dubay discusses the President's tax hikes on FBN's The Willis Report. …
President Obama’s fiscal year 2013 budget proposal explicitly claims a $1.561 trillion tax hike over 10 years, as reported by the White House Office of Management and Budget (OMB).[1] This is a vast understatement, because that figure fails to account for all of the President’s tax increases and…
Abstract: The President’s 2013 budget, released on February 13, repeats the stale and unsuccessful policies of the past three years. The Administration’s apparent vision is one of bigger government, more spending, higher taxes, and deeper deficits. At a time when runaway spending and swelling…
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…
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…
Abstract: Despite evidence to the contrary, President Obama and his supporters insist that a tax increase will not impede economic recovery. They claim that the Clinton tax hikes spurred the boom of the 1990s and that the subsequent Bush tax cuts hurt the…
Abstract: President Obama’s tax plan will, famously, end the 2001 and 2003 tax relief for Americans earning $250,000 a year or more. But, far from raising taxes only on the “rich,” the widespread effects of the Obama plan will hurt Americans at every income…
Abstract: The top tax rates on qualified dividends are scheduled to jump from 15 percent to nearly 40 percent on January 1, 2011—just one of many reasons the Bush tax relief should be extended. Without an extension, dividend…
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…
As the “super committee,” created by the contentious Budget Control Act (BCA), grapples with its mandate to find $1.5 trillion in deficit reduction savings, many are urging it to “go big.” And no wonder. Since July 31, the eve of the BCA’s enactment, the federal government has continued to hemorrhage…
EXCLUSIVE: It could be said that President Obama has never seen a tax hike he doesn't like -- whether it's letting the...…
President Obama unveiled the details of his jobs plan last week, including a proposal to offset the new government...…
Yesterday, the White House announced that President Obama would once again be giving a "major jobs speech" in...…
A chart created by the Center on Budget and Policy Priorities (CBPP) has been circulating among liberal bloggers such...…
House Cloakroom: December 5-11, 2010 Analysis: With the administration in negotiations regarding the extension of tax...…
“You are what your record says you are.” So says Bill Parcells, three-time Super Bowl–winning coach. Professional...…
Today the Labor Department released its monthly jobs report, which showed that the U.S. economy added an anemic 39,000...…
In light of the impending Obama Tax Hikes, Mercatus Center senior research fellow Veronique de Rugy created the chart...…
The left just can not come to grips with the fact that their hyper-aggressive policy agenda is a major factor causing...…
One of the most pressing pieces of legislation that the lame duck Congress must deal with is the impending expiration...…