Issue Brief posted May 15, 2013
Obama’s IRA Cap: A Cap on Defined-Contribution Retirement Savings Plans
President Obama proposes to cap the total value of taxpayers’ defined-contribution retirement savings accounts—such as Individual Retirement Accounts (IRAs) and 401(k)s—according to the maximum benefit permitted under defined-benefit plans. In 2013, that would be around $3.4 million.
This proposal would be a step backwards for savings policy, because it would increase…
Backgrounder posted April 12, 2013
Boxer–Sanders Carbon Tax Would Empower EPA to Crush Booming Energy Economy
In his 2013 State of the Union speech, President Barack Obama called on Congress to pursue a solution to climate change, or else he would do it on his own. The same week, Senate Environment and Public Works Committee Chairman Barbara Boxer (D–CA) and committee member Bernie Sanders (I–VT) introduced the first major bill that would institute a carbon tax, the Climate…
Backgrounder posted February 12, 2013
How the United States’ High Debt Will Weaken the Economy and Hurt Americans
Growing federal debt also would increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage the budget and the government would thereby lose its ability to borrow at affordable rates. Such a crisis would…probably have a very significant negative impact on the country.
-Congressional Budget Office,…
Audio Recorded on January 18, 2013
Heritage in Focus: ...What IS the Debt Ceiling?
Research Coordinator Romina Boccia discusses the phrase mainstream media has been focusing on for weeks and how policy makers can improve our economy going forward on this week's Heritage in Focus. Jackie Anderson hosts.
To get regular updates on Heritage in Focus podcasts, visit our RSS feed or subscribe on iTunes.…
Backgrounder posted January 14, 2013
Environmental Conservation Based on Individual Liberty and Economic Freedom
The nation's primary environmental goal should be a cleaner, healthier, and safer environment for current and future generations, as well as conservation of America's resources while protecting people and their liberty. Regrettably, America's current environmental policy does not reflect these ideals. Indeed, America's governing environmental laws—like the Clean Air Act,…
Backgrounder posted December 17, 2012
Cap-and-Trade for Cars Means Higher Prices and Less Choice for Car Buyers
Abstract: New fuel-efficiency standards issued by the U.S. Department of Transportation and the Environmental Protection Agency will increase the average cost of a new car by $3,000 by 2025. Furthermore, consumers are unlikely to realize the projected fuel savings used to justify these standards, and the new standards will further constrain consumer choice. The market is…
Issue Brief posted November 28, 2012
What’s in the Fiscal Cliff?
The nation is now firmly on track to go over the fiscal cliff in January 2013 unless Washington takes action. The uncertainty leading up to the fiscal cliff—especially Taxmageddon—is already hurting the economy today and, according to projections by the Congressional Budget Office, could send the country back into recession in 2013.
Individuals, families, businesses,…