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.
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…
President Obama is campaigning heavily for Congress to prevent the lapsing of a special low-interest rate on student loans. Specifically, unless deferred, the interest rate will rise from 3.4 percent to 6.8 percent on federal Stafford student loans issued after July 1.[1] Senate Majority…
The House Ways and Means Committee is performing an important public service in laboriously working through the “tax extenders.” Specifically, the Subcommittee on Select Revenue Measures under Chairman Pat Tiberi (R–OH) is compelling supporters to come forward and make the case why their provision merits extension. …
Curtis Dubay discusses Taxmaggedon on Fox & Friends. …
Curtis Dubay comments on Taxmageddon on Fox News. …
Heritage Reseach on Taxmageddon is discussed on Fox News. …
Heritage Research on Taxmageddon is reported on FBN's Cavuto. …
Heritage research on Taxmageddon is reported on KOKH FOX 25 (Oklahoma City, OK). …
Curtis Dubay comments on Taxmageddon on CBN …
Abstract: The hodgepodge of new taxes that have already or will soon take effect as a result of the Patient Protection and Affordable Care Act may not all show up in the income tax tables, but their huge cost is still very real. This…
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…
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. …
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: 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: There is little dispute that the current federal income tax is in real need of an overhaul. The heart of tax reform is to achieve a stronger economy through the adoption of a more economically neutral tax system featuring much lower marginal…
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…
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] …
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…
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…
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…
Americans are facing an unprecedented $494 billion tax hike on Jan. 1, 2013. It’s been dubbed “Taxmageddon” given the...…
The largest tax hike in history is due to strike the United States on January 1, 2013. Known as "Taxmageddon," it would...…
In The Wall Street Journal on Tuesday, Peter Diamond and Emmanuel Saez present a rambling defense of higher taxes on the...…
The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule -- President Obama's plan to...…
Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a...…
We’ve corrected Paul Krugman in the past, when he mistakenly invoked imaginary British spending cuts as proof that...…
EXCLUSIVE: It could be said that President Obama has never seen a tax hike he doesn't like -- whether it's letting the...…
Listen to last Sunday's Heritage Libertad Radio Show in Spanish or English. The Spanish segment kicked off with a...…
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...…