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  • WebMemo posted March 7, 2003 by Norbert J. Michel, Ph.D., Andrew Olivastro Scoring President Bush's Full Tax Proposal

    Implementing the President's Economic Growth Package could generate enough growth, jobs and tax revenue to cut the real cost of the plan by 57 percent compared with "static" measures which largely ignore how people respond to tax incentives. This means the "cost" of the plan would be $274 billion, compared with static estimates of $638 billion. Specifically under…

  • WebMemo posted January 28, 2003 by Alfredo Goyburu, Andrew Olivastro wm195: The Real Growth Factor: Scoring Bush's Tax Cut Proposal

    Earlier this year President George W. Bush unveiled a multi-faceted proposal to improve the nation's economic growth. One of the most important features of his plan calls for abolition of the current federal double taxation of corporate dividends paid to individual shareholders. Critics of the plan charge that it will cost the government too much money. However,…

  • WebMemo posted January 16, 2003 by Andrew Olivastro Tax Cuts: Rhetoric v. Reality

    Tax Dividend Calculator The Tax Dividend Calculator (Flash 6 plug-in required) allows individuals to calculate their personal savings if double-taxation on stock dividends is ended. Death Taxes Death Taxes: Killing the Economy by William W. Beach Just What the Economy Needs President's plan is just what the economy needs, a commentary by Bill Beach,…

  • WebMemo posted January 8, 2003 by Andrew Olivastro Fiscal Effects of Dividend Tax Relief

    Ending double dividend tax means $384 more yearly income for family of four 325,000 new jobs created $32 billion in new economic growth seen in Heritage "dynamic scoring" of dividend tax reform proposal President Bush's economic growth package includes a proposal to eliminate double taxation of stock dividends. Abolishing this unfair double…

  • WebMemo posted January 6, 2003 by Andrew Olivastro Dividend Tax Relief Will Benefit All Americans

    Tomorrow, President Bush is expected to detail an economic stimulus plan that includes eliminating the income tax investors pay on corporate dividends. He's right to do so.   Nixing the tax would end double taxation on dividends (once at the corporate level, another when they're paid to shareholders). It will also save Americans of all income levels as much as…

  • WebMemo posted December 31, 2002 by Andrew Olivastro Tax Cuts Increase Federal Revenues

    A New York Times article, Deficit Spending Can Help Republicans, by Daniel Altman, shows that old, wrong assumptions die hard. The article reports that: "From the beginning of 2001 through the third quarter of 2002, the federal government leapt from a surplus (including Social Security) amounting to 2.3 percent of gross domestic product to a deficit of the same…

  • WebMemo posted December 12, 2002 by Andrew Olivastro The U.S. - Powell Announces U.S. - Middle East PartnershipInitiative

    Secretary of State Colin Powell announced a new U.S. policy for the Middle East that also challenges those countries to embrace democracy, peace, and opportunities to engage in the global marketplace. "I am announcing today an initiative that places the United States firmly on the side of change, of reform, and of a modern future for the Middle East," Powell…

  • WebMemo posted December 10, 2002 by Andrew Olivastro The West Must Prevail

    (Watch Video) Former British Prime Minister Margaret Thatcher urged the West to fight the "twin-headed monster" of terrorism and weapons of mass destruction, Monday night at a gathering of The Heritage Foundation's President's Club. Lady Thatcher received Heritage's Clare Boothe Luce Award in honor of her pursuit of political freedom and for…

  • WebMemo posted November 25, 2002 by Andrew Olivastro Iraq Q&A with James A. Phillips

    U.N. Security Council Resolution 1441, passed on November 8, 2002, has put Iraqi dictator Saddam Hussein on notice that he has one "final opportunity" to comply with his disarmament obligations and avoid war. The Security Council unanimously approved the resolution, which threatened "serious consequences" if Iraq fails to disclose and dismantle it long range…

  • WebMemo posted November 25, 2002 by Andrew Olivastro Iraq Q&A with James A. Phillips

    U.N. Security Council Resolution 1441, passed on November 8, 2002, has put Iraqi dictator Saddam Hussein on notice that he has one "final opportunity" to comply with his disarmament obligations and avoid war. The Security Council unanimously approved the resolution, which threatened "serious consequences" if Iraq fails to disclose and dismantle it long range…

  • WebMemo posted November 5, 2002 by Andrew Olivastro Electing Leaders, Teaching Statesmanship

    "We should be unfaithful to ourselves if we should ever lose sight of the danger to our liberties if anything partial or extraneous should infect the purity of our free, fair, virtuous, and independent elections." -- President John Adams, Inaugural Address, delivered March 4, 1797. ______________________________ On Tuesday, 36 of our fellow citizens earned the…

  • WebMemo posted November 4, 2002 by Andrew Olivastro What To Do In 2003: Domestic & Foreign Policy

    Domestic Policy Next year should provide policy makers with many opportunities for strengthening the U.S. economy, improving the nation's public infrastructure, and enhancing the health and safety of Americans. A new Congress, a year without a national election, and a recovering economy all promise to improve the political environment for a wide array…

  • WebMemo posted November 4, 2002 by Andrew Olivastro What To Do In 2003: Domestic & Foreign Policy

    Domestic Policy Next year should provide policy makers with many opportunities for strengthening the U.S. economy, improving the nation's public infrastructure, and enhancing the health and safety of Americans. A new Congress, a year without a national election, and a recovering economy all promise to improve the political environment for a wide array…

  • WebMemo posted October 25, 2002 by Andrew Olivastro Issues 2002: Tax Reform for Economic Growth

    Taxes, as a share of gross domestic product (GDP -- the output of goods and services produced by labor and property located in the United States), have remained fairly constant over time, hovering around 18% to 21% of GDP.   Q: Why then has Washington, D.C., gone from talk of surpluses to deficits, with federal revenue charts looking like mountain…

  • WebMemo posted August 26, 2002 by Michael Scardaville, Andrew Olivastro Harmonizing DHS Personnel Issues

    The charts below illustrate the different personnel systems coming into the Department of Homeland Security (DHS) and why it's necessary to harmonize them. As George Nesterczuk writes in his Backgrounder, A Successful Start for the Department of Homeland Security Requires Management Flexibility: The proposed department would permit the integration of…