WebMemo posted December 2, 2010 by Karen Campbell, Ph.D., John L. Ligon
The Economic Impact of a 25 Percent Corporate Income Tax Rate
One way to spur private sector investment in the U.S. and get it into the hands of entrepreneurs would be to reduce the federal statutory corporate income tax rate, which is currently 35 percent.
The Heritage Foundation’s Center for Data Analysis (CDA) conducted a dynamic simulation of a reduction of the corporate income tax rate to 25 percent, comparing it to a baseline…
WebMemo posted October 8, 2010 by James Sherk, Karen Campbell, Ph.D.
Heritage Employment Report: Stagnant Economy in September
Earlier this year some economists and politicians predicted a “recovery summer” during which private sector job creation would finally pick up. This did not happen—employers created few jobs and unemployment remained high. This stagnation continued in September as unemployment remained unchanged at 9.6 percent and private-sector employers added a net of just 64,000 jobs.…
WebMemo posted September 22, 2010 by Karen Campbell, Ph.D., Guinevere Nell, Paul L. Winfree
Obamacare: Impact on the Economy
The Patient Protection and Affordable Care Act (PPACA), the health care bill signed into law by President Obama in March, will overhaul the current health insurance system by enforcing mandates on individuals and businesses, expanding Medicaid, and introducing new taxes and fines to help pay for the increased “federal budgetary commitment to health care.”
Contrary…
Center for Data Analysis Report posted August 19, 2010 by Karen Campbell, Ph.D., Guinevere Nell
The Economic Freedom Act: Economic and Fiscal Effects
Abstract: The Economic Freedom Act, proposed by Representative Jim Jordan, would terminate the ineffective Troubled Assets Relief Program (TARP), and substitute a proven way to stimulate the economy: tax relief—from permanent repeal of the capital gains and death taxes to significant reductions in payroll taxes and the top corporate tax rate. Analysts at The Heritage…
WebMemo posted March 16, 2010 by Karen Campbell, Ph.D., Guinevere Nell, Paul L. Winfree
Mandates and Taxes Re-Burden Health Insurance Markets
The Patient Protection and Affordable Care Act (H.R. 3590), the health care reform bill that was passed by the Senate and is now being considered by the House, promises to overhaul the current health insurance system by enforcing mandates on individuals and businesses, expanding Medicaid, and introducing new taxes and fines to help pay for the increased “federal budgetary…
WebMemo posted February 8, 2010 by Karen Campbell, Ph.D.
Did the Stimulus Create Jobs? White House Economic Report Is Unclear
The White House Council of Economic Advisers (CEA) published a report on the economic effects of the Administration’s economic stimulus plan.[1] The report claims that the stimulus legislation boosted gross domestic product (GDP) and employment above what they otherwise would have been. That is, the real results the economy is experiencing (10 percent unemployment, for…
Backgrounder posted January 26, 2010 by David W. Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman, Nicolas Loris
What Boxer-Kerry Will Cost the Economy
Abstract: Barbara Boxer and John Kerry are pushing their climate-change legislation in the Senate. Like the Waxman-Markey bill, passed by the House last year, Boxer-Kerry is a cap-and-trade bill. Why is that bad? Because severely restricting greenhouse gas emission places an enormous burden on American families--higher gasoline prices, higher heating costs, higher…