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…

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,…

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,…

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…

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…

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…

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…

(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…

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…

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…

"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…

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…

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…

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…

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…