November 20, 2009
Transparency and Accountability at the Federal Reserve
By J.D. Foster, Ph.D.
(Backgrounder #2342)
Increasing transparency at the Federal Reserve is critical given the breadth of the Fed’s recent activities, but many of these activities involve private parties. Congress ...
November 19, 2009
Estate Tax a Killer for Family-Owned Businesses and Their Workers
By Curtis S. Dubay
(WebMemo #2703)
Congress should repeal the estate tax once and for all to remove an unfair burden from the backs of American family-owned businesses and their workers. ...
November 19, 2009
Discounting and Climate Change Economics: Estimating the Cost of Cap and Trade
By David W. Kreutzer, Ph.D.
(WebMemo #2705)
Even using the EPA results shows that the cost of cap-and-trade legislation would be $2,872 per year in 2050. Those are some very expensive postage ...
November 9, 2009
Seven Reasons Why Congress Should Repeal, Not Fix, the Death Tax
By William W. Beach
(WebMemo #2688)
Policymakers should do what their voters want them to do: They should repeal the death tax and kill it, once and forever.
November 6, 2009
Heritage Employment Report: October Has Few Treats, Lots of Tricks
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #2685)
As job losses mount, the monthly jobs report continues to demonstrate both the failure of the stimulus bill and the hollowness of the Administration's claim ...
November 4, 2009
Rethink the Housing Tax Credit: Stimulus Plans Should Think Past the Needs of Special Interest
By Ronald D. Utt Ph.D.
(WebMemo #2680)
Replacing the expiring tax credit with a new one for which most members of America's financial elite would be eligible is a costly and unnecessary ...
November 2, 2009
Health Care Reform and the Threat to the Dollar
By J. D. Foster, Ph.D.
(WebMemo #2674)
Health care reform as currently constructed will either weaken the economy or balloon the deficit while it weakens the economy.
October 22, 2009
Understanding the Great Global Contagion and Recession
By J. D. Foster, Ph.D.
(Backgrounder #2331)
The Great Global Contagion and Recession was largely the result of a sustained global savings glut combined with excessive monetary accommodation by the Federal Reserve ...
October 22, 2009
Executive Summary: Understanding the Great Global Contagion and Recession
By J. D. Foster, Ph.D.
(Executive Summary #2331)
The Great Global Contagion and Recession was largely the result of a sustained global savings glut combined with excessive monetary accommodation by the Federal Reserve ...
October 14, 2009
The Consumer Financial Protection Agency Act: Attempting to Improve Bad Policy
By David C. John
(WebMemo #2650)
Despite honest attempts to improve the Consumer Financial Protection Agency Act of 2009, the overall concept is still badly flawed.
October 6, 2009
The Economy Hits Home: Energy and the Environment
By The Heritage Foundation
(The Economy Hits Home Volume #3)
When it comes to energy and the environment, most of us feel conflicted. On the one hand, we depend on affordable energy for almost everything--from ...
October 2, 2009
Obama Jobs Deficit a New Record, Again
By J. D. Foster, Ph.D.
(WebMemo #2638)
The President's jobs promise means total employment should be at least 138.6 million by 2010, leaving him with a total deficit to close that now ...
October 2, 2009
Heritage Employment Report: September's Step Back
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #2639)
The continued weakness in the labor market continues to illustrate how flawed the stimulus package was.
September 23, 2009
Current Health Insurance Reform Proposals vs. Real Reform and Economic Growth
By Karen A. Campbell
(Backgrounder #2321)
Current proposals for health care reform would exacerbate existing problems in the U.S. health care system and weaken the economy. In particular, the proposed surtax ...
September 22, 2009
President Obama's Agenda Would Bring $13 Trillion in Budget Deficits, Not $9 Trillion
By Brian M. Riedl
(Backgrounder #2319)
President Obama's budget will likely produce $13 trillion in deficit spending over the next 10 years--nearly $4 trillion more than forecast. The White House figures ...
September 21, 2009
Sound Health Care Reform for a Sound Economy: A Response to the CEA Report
By Robert A. Book, Ph.D.
(Backgrounder #2318)
The President's Council of Economic Advisers correctly notes that fixing several problems with the American health care system would produce substantial economic benefits. However, the ...
September 17, 2009
The Economic Role of Government: Focus on Stability, Not Spending
By Karen A. Campbell, Ph.D.
(Backgrounder #2316)
Is there a role for government in the economy? Yes, says Heritage analyst Karen Campbell--but the government must focus on maintaining economic stability. Fiscal responsibility ...
September 16, 2009
Rein in Spending by Stopping the Stimulus and Ending the TARP
By Stephen A. Keen and J. D. Foster, Ph.D.
(WebMemo #2618)
The federal budget deficit is already unsustainable and threatens to balloon further as Congress considers a multitude of new spending initiatives from health care reform ...
September 15, 2009
Retiring Baby Boomers Will Not Cause an Asset Bust
By Nicola Moore
(WebMemo #2613)
Some have argued that baby boomers' retirement poses a threat to working
Americans' savings. However, a new report from the Congressional Budget
Office has found ...
September 14, 2009
The Lehman Brothers Collapse: Financial Regulation One Year Later
By David C. John
(WebMemo #2610)
One year ago today Lehman Brothers collapsed. President Obama will mark the occasion with an address to Wall Street in which he will likely outline ...
August 31, 2009
Why Job Creation Matters More than Job Losses
By James Sherk
(Backgrounder #2310)
Job losses have increased, but they are not the largest reason for the 9.4 percent unemployment rate. The main reason unemployment rises during economic downturns ...
August 27, 2009
Budget Update Shows No Need for Tax Hikes
By Curtis S. Dubay
(WebMemo #2597)
The OMB and CBO budget updates show that spending cuts—not tax increases—are necessary to bring deficits under control.
August 25, 2009
The Economy Hits Home: Entitlements
By The Heritage Foundation
(The Economy Hits Home Volume #2)
Why every American born today owes $184,000 and what to do about it
August 25, 2009
New Budget Estimates Show Unsustainable Spending and Debt
By Brian M. Riedl
(WebMemo #2595)
The OMB's new budget spending estimates are alarming and absolutely unsustainable-and are the true cause of these appalling levels of deficit and debt.
August 7, 2009
Heritage Employment Report: July Jobs Report a Jolt
By Rea S. Hederman, Jr.
(WebMemo #2584)
Policymakers should end their reliance on failed Keynesian economics and concentrate on pro-growth policies such as extending the lower tax rates for dividends and capital ...
August 6, 2009
Heritage Analysis of Waxman-Markey Hits Where Others Miss
By David W. Kreutzer, Ph.D.
(WebMemo #2580)
The Waxman-Markey bill forces a bad deal on a generation that does not have the option to turn it down.
August 6, 2009
Obama's Plan to "Create or Save" Jobs: A Promise Unfulfilled
By James Sherk and Rea S. Hederman, Jr.
(Backgrounder #2305)
President Obama has repeatedly claimed that his economic stimulus bill will "create or save" 3.5 million new jobs by 2011, including 600,000 jobs by the ...
August 5, 2009
Cash for Clunkers: Just Spinning Wheels
By James L. Gattuso and Nicolas D. Loris
(WebMemo #2579)
Despite its popularity, the cash-for-clunkers program is no success--unless success is defined as spending a lot of money quickly.
July 30, 2009
House Executive Pay Legislation Puts Pay Czar's Boot in the Door
By David M. Mason
(WebMemo #2570)
The Obama Administration appointed a "pay czar" to oversee compensation at firms receiving substantial government backing. Regrettably, the Administration did not stop with government-aided companies ...
July 29, 2009
Homeowners’ Defense Act Rewards States for Bad Property Insurance Decisions
By David C. John and Matt A. Mayer
(WebMemo #2568)
The newly reintroduced Homeowners’ Defense Act is a dangerous step toward a federal government subsidy of property insurance coverage for natural disasters.
July 27, 2009
Keynesian Fiscal Stimulus Policies Stimulate Debt--Not the Economy
By J. D. Foster, Ph.D.
(Backgrounder #2302)
The federal government has poured extraordinary amounts of fiscal stimulus into the economy two years running, yet unemployment continues to rise with the national debt. ...
July 27, 2009
The PERI Report on Clean Energy: The Wrong Question and a Misleading Result
By Karen A. Campbell, Ph.D.
(Backgrounder #2303)
The PERI report does not estimate the economic impact of any policy currently being debated, and the job number finding is not the overall impact ...
July 23, 2009
House Bill to Hit Small Businesses with Surtax
By Rea S. Hederman, Jr.
(WebMemo #2556)
The large tax increases proposed by House Ways and Means Chairman Charlie Rangel (D-NY) would harm over a million small businesses, making them less likely ...
July 15, 2009
The Obama Financial Regulatory Reform Plan: Poor Policy and Missed Opportunities
By David C. John
(WebMemo #2545)
The recent financial regulatory reform plan issued by the Treasury Department is a detailed mixture of overreaching policy mistakes, missed chances for real reform, blanks ...
July 9, 2009
Value-Added Tax: No Solution for Health Care or Fiscal Woes
By Curtis S. Dubay
(WebMemo #2532)
Congress should resist calls for a VAT on top of all the taxes Americans already pay.
July 9, 2009
A Third Stimulus? Don't Repeat the Same Failures
By J. D. Foster, Ph.D., and Rea S. Hederman, Jr.
(WebMemo #2533)
Congress and the Administration should jettison their ideology to pursue policies that will help the economy in the short and long term.
July 8, 2009
Cap and Trade Sold under False Pretenses
By Nicolas Loris and Ben Lieberman
(WebMemo #2528)
Cap and trade is nothing more than a massive energy tax, which is why it has been sold under false pretenses.
July 8, 2009
Closing Car Dealerships: A Matter of Economics, Not Politics
By James Sherk and James L. Gattuso
(Backgrounder #2296)
Congress should not interfere with the painful but necessary moves being made to bring GM and Chrysler back to profitability.
July 6, 2009
The Economy Hits Home: What Makes the Economy Grow?
By The Heritage Foundation
(The Economy Hits Home Volume #1)
The Economy Hits Home: What Makes the Economy Grow?
July 2, 2009
Obama Jobs Deficit Swells Again by Nearly Half a Million
By J. D. Foster, Ph.D.
(WebMemo #2520)
Today's release of the nation's employment figures by the Department of Labor show that the nation is still waiting for even a few of President ...
July 2, 2009
Heritage Employment Report: June Job Market Continues Downward Slide
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #2521)
While the June jobs report is not as bad as some of the previous job reports, the employment situation remains grim.
June 30, 2009
Tea Party Talking Points: Obama's War on the American Dream
By heritage.org
(Fact Sheet #35)
Instead of higher taxes and a second stimulus, President Obama should embrace real tax and entitlement reform by lowering business taxes, permanently repealing the Alternative ...
June 29, 2009
Entitlements Darken Long-Term Outlook for Federal Budget
By Nicola Moore
(WebMemo #2510)
Congress ought to take the warnings issued in the CBO's "Long-Term Budget Outlook" seriously.
June 25, 2009
Waxman-Markey Global Warming Bill: Economic Impact by Congressional District
By Karen A. Campbell, Ph.D., and David W. Kreutzer, Ph.D.
(WebMemo #2504)
It has become quite clear over the past several months that placing a cap on carbon emission will have major implications for the American economy ...
June 23, 2009
Do DHS Fire Grants Reduce Fire Casualties?
By David B. Muhlhausen, Ph.D.
(WebMemo #2499)
Fire grants are an ineffective way of reducing fire casualties. Consequently, Congress should eliminate funding for the fire grant program.
June 15, 2009
Republicans' Financial Regulatory Reform Plan a Good Start
By David C. John
(WebMemo #2484)
The House Republican financial regulation plan contains a number of key provisions that Congress should carefully consider in the coming weeks.
June 10, 2009
Government Intervention: A Threat to Economic Recovery
By Ambassador Terry Miller
(Testimony )
Testimony before The House Committee on Foreign Affairs' Subcommittee on Terrorism, Nonproliferation and Trade
June 9, 2009
One Cheer for the House Republican Budget Cuts
By Brian M. Riedl
(WebMemo #2472)
House Republicans get credit for beginning a necessary and overdue conversation about spending restraint. They should go further to offer meaningful cuts.
June 5, 2009
Heritage Jobs Report: May Report Shows Small Silver Lining
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #2467)
The May employment report revealed a glimmer of sunlight in the recession's stormy clouds.
June 1, 2009
Obama's Deficits Put U.S. Credit Rating at Risk
By J. D. Foster, Ph.D.
(WebMemo #2465)
The dangers of the U.S.'s credit rating being downgraded are real, and an imminent fundamental policy course correction is inevitable.
May 22, 2009
Bailouts, Abusive Bankruptcies, And the Rule of Law
By Andrew M. Grossman
(Testimony )
The Obama Administration is abusing bankruptcy law to benefit a favored constituency, the United Auto Workers union. This threatens serious consequences.
May 22, 2009
Killing the Entrepreneurial Spirit: Government Is Not a Good Investor
By Karen A. Campbell Ph.D.
(WebMemo #2455)
President Barack Obama calls his stimulus bill and proposed budget an "investment" plan. But this plan is based on the faulty assumption that only government ...
May 21, 2009
The Results Are In: Stimulus Bill Neither Timely Nor Targeted
By Patrick Tyrrell
(WebMemo #2454)
As The Heritage foundation predicted, the stimulus bill is neither timely nor targeted. Only time will tell if it is temporary.
May 21, 2009
What Unions Do: How Labor Unions Affect Jobs and the Economy
By James Sherk
(Backgrounder #2275)
Unions function as labor cartels, restricting the number of workers in a company or industry to drive up the remaining workers' wages. They also retard ...
May 18, 2009
2010 Budget Resolution Raises Taxes and Hurts Economic Recovery
By Curtis S. Dubay
(WebMemo #2452)
Congress recently passed the fiscal year 2010 budget resolution, which includes several provisions that will significantly raise taxes and hurt economic recovery.
May 13, 2009
Restricting H-1B Visas Is Bad for Business and the Economy
By James Sherk and Diem Nguyen
(WebMemo #2440)
By improving and expanding the H-1B visa program, Congress can ensure that American businesses have the workforces necessary for further economic growth.
May 12, 2009
Byrne JAG and COPS Grant Funding Will Not Stimulate the Economy
By David B. Muhlhausen, Ph.D.
(Testimony )
Instead of passing economic stimulus legislation designed to stimulate the economy, Congress treated the American Recovery and Reinvestment Act (ARRA) of 2009 (P.L. 111-5) as ...
May 11, 2009
Obama's Dividend and Capital Gains Tax Hike Would Hurt Seniors
By Curtis S. Dubay
(WebMemo #2433)
President Obama's "Budget Blueprint" proposes to raise the tax rate on dividends and capital gains from 15 percent to 20 percent. This tax hike would ...
May 11, 2009
COPS Program: COPS Improvements Act of 2009 Exacerbates Flawed Federal Policies
By David B. Muhlhausen, Ph.D., and Brian W. Walsh
(WebMemo #2434)
The COPS Improvements Acts of 2009 would encourage state and local officials to become permanent supplicants for federal COPS funding.
May 8, 2009
April Employment Report Showers Doubt on Detroit Bailout
By James Sherk
(WebMemo #2428)
The April jobs report shows a labor market that continues to weaken. These employment figures also demonstrate that this is the wrong time for the ...
May 8, 2009
Obama Jobs Deficit Grows by Another 563,000
By J. D. Foster, Ph.D.
(WebMemo #2430)
The President's policies will more likely decrease employment than help to reach his target.
May 7, 2009
The Economic Impact of Cap and Trade
By David W. Kreutzer, Ph.D.
(Testimony )
Carbon dioxide is not a toxin, is not directly harmful to human health, and is not projected to become so--even without legislative or regulatory action. ...
May 5, 2009
Job Corps: An Unfailing Record of Failure
By David B. Muhlhausen, Ph.D.
(WebMemo #2423)
Given the program's poor performance and President Obama's call for "the elimination of dozens of government programs shown to be wasteful or ineffective," Job Corps ...
May 5, 2009
The National and Local Economic Impacts of Cap and Trade
By Ben Lieberman
(Testimony )
We all know that the Waxman-Markey cap and trade proposal will be very expensive and amounts to nothing more than a massive energy tax.
May 5, 2009
Obama International Tax Plan Would Weaken Global Competitiveness
By J. D. Foster, Ph.D., and Curtis S. Dubay
(WebMemo #2426)
President Obama and Treasury Secretary Geithner unveiled a tax reform plan yesterday that, if enacted, would seriously damage the international competitiveness of U.S. businesses.
May 4, 2009
The Rich Pay More Taxes: Top 20 Percent Pay Record Share of Income Taxes
By Curtis S. Dubay
(WebMemo #2420)
Since the passage of the 2001 and 2003 tax cuts, critics have claimed incessantly that they disproportionately benefited the rich while burdening the poor. Now ...
April 29, 2009
The Economic Impact of the Proposed Capital Gains Tax Increase
By Curtis S. Dubay
(WebMemo #2418)
President Obama’s recently released “Budget Blueprint” proposes raising the tax rate on capital gains from 15 percent to 20 percent. In real terms (that is, ...
April 27, 2009
Mortgage Cramdowns: Problems with Involving Bankruptcy Judges
By Andrew M. Grossman and David C. John
(WebMemo #2409)
The mortgage cramdown proposal would prolong and worsen the banking crisis, delaying economic recovery.
April 23, 2009
Credit Derivatives: Market Solutions to the Market Crisis
By David M. Mason
(Backgrounder #2262)
Credit default swaps play a productive role in U.S. and international financial markets. The Administration and Congress should encourage continued market improvements rather than imposing ...
April 7, 2009
Help the Economy and Federal Deficit by Raising H-1B Caps
By Jena Baker McNeill and Diem Nguyen
(WebMemo #2384)
Raising H-1B caps will provide businesses the professionals and skills they need to develop their business when ready.
April 3, 2009
March Employment Report: With Grim Jobs Numbers, Not the Time for a Tax and Spend Budget
By James Sherk and J. D. Foster, Ph.D.
(WebMemo #2380)
March continued the string of dismal employment reports from the Bureau of Labor Statistics. This is precisely the wrong time to burden the economy with ...
March 25, 2009
Geithner's Troubling Plan for Troubled Assets
By James L. Gattuso and David C. John
(WebMemo #2360)
Treasury Secretary Timothy Geithner yesterday released details on his proposal for removing toxic assets from the balance sheets of banks and other financial institutions. Substantively, ...
March 25, 2009
Obama Budget's Tax Proposals: Wrong and Risky
By J. D. Foster, Ph.D.
(WebMemo #2362)
President Obama's budget outlines sweeping changes for federal tax policy. A few of these changes are good policy that ought to be accepted by Congress. ...
March 23, 2009
Obama's Stimulus Has "Spread the Wealth Around": Are Tax Hikes Next?
By Curtis S. Dubay
(WebMemo #2354)
President Obama famously said during the campaign that he thinks the economy works best when "we spread the wealth around." He is wasting no time ...
March 19, 2009
The AIG Clawback: Possibly Unconstitutional, Doubtlessly Imprudent
By Andrew M. Grossman
(WebMemo #2349)
Congress should realize the prudential limits of its powers and competence and take no action against those receiving deferred compensation for work that they have ...
March 16, 2009
The Obama Budget: Spending, Taxes, and Doubling the National Debt
By Brian M. Riedl
(Backgrounder #2249)
President Obama has framed his budget as a break from the Bush Administration’s policies. However, Obama’s budget would double the publicly held national debt to ...
March 16, 2009
Obama Jobs Deficit Grows: 651,000 Reasons to Cut Tax Rates
By J. D. Foster, Ph.D.
(WebMemo #2345)
President Obama pledged to create 3.5 million new jobs by 2010. The President's jobs promise means total employment should be at least 138.6 million by ...
March 6, 2009
Heritage Jobs Report: February Employment Losses Would Be Worse with Card Check
By Rea S. Hederman Jr. and James Sherk
(WebMemo #2330)
February continued the miserable string of poor employment reports by the Bureau of Labor Statistics. Consequently, Congress and the President should take action to strengthen ...
March 4, 2009
Avoiding a Keynesian Rush to Regulate the Financial Markets
By David M. Mason
(WebMemo #2323)
Poorly designed regulations may have encouraged, rather than curbed, excesses in private markets. A Financial Markets Commission could help identify how regulation may have contributed ...
February 25, 2009
Bankruptcy Mortgage Cramdowns Would Hurt Housing Market
By David C. John
(WebMemo #2310)
Mortgage cramdowns would further destabilize an already damaged housing market while increasing mortgage costs for future borrowers.
February 25, 2009
12 Problems with the Obama Mortgage Stability Initiative Plan
By Ronald D. Utt, Ph.D., and David C. John
(WebMemo #2311)
President Obama's Homeowner Affordability and Stability Plan is unlikely this plan will provide any relief—short-term or long-term—to the beleaguered housing market.
February 24, 2009
The Elements of a Responsible Budget Proposal
By Brian M. Riedl, Mackenzie M. Eaglen, Curtis S. Dubay, J. D. Foster, Ph.D., William W. Beach, and Rea S. Hederman, Jr.
(WebMemo #2309)
The President must ensure that his budget proposal protects America’s security abroad and economic security at home.
February 20, 2009
Another Bailout for Detroit Automakers Would Throw Good Money After Bad
By Nicolas Loris
(WebMemo #2306)
It is no surprise that GM and Chrysler are already asking for more money, and it certainly won’t be surprising if they come knocking back ...
February 13, 2009
Mortgage Modifications in Bankruptcy Would Undermine Homeownership, Prevent Few Foreclosures
By Andrew M. Grossman
(Backgrounder #2242)
Allowing judges to discharge mortgage debt in bankruptcy and rewrite repayment terms would put homeownership out of reach for many Americans, especially those of lesser ...
February 12, 2009
Obama's Bank Bailout Plan: Not Ready for Prime Time
By David C. John and James L. Gattuso
(WebMemo #2291)
The Administration's financial bailout strategy announced by Timothy Geithner, despite some positive elements, is filled with incomplete and unsound policy proposals financed by trillions of ...
February 11, 2009
Stimulus Bill Abolishes Welfare Reform and Adds New Welfare Spending
By Robert Rector and Katherine Bradley
(WebMemo #2287)
Both the Senate and House stimulus bills conceal their destruction of the foundation of welfare reform.
February 10, 2009
Consensus Collapsing for the Senate's $838 Billion "Stimulus"
By Brian Riedl
(WebMemo #2283)
Senators should reject a "stimulus" bill that is based on 1933 economics and ignores 75 years of research and evidence about how growth is created. ...
February 6, 2009
Welfare Spendathon: House Stimulus Bill Will Cost Taxpayers $787 Billion in New Welfare Spending
By Robert E. Rector and Katherine Bradley
(WebMemo #2276)
The welfare provisions in the Senate stimulus bill are very similar to those in the House bill. Both bills use the idea of economic stimulus ...
February 6, 2009
Stimulus Won't Help Grim Jobs Report
By Rea S. Hederman, Jr.
(WebMemo #2278)
The January jobs report reveals that last month employment opportunities declined by 598,000 and the unemployment rate increased to 7.6 percent.
February 5, 2009
The Economic Stimulus Package and the Limits of Infrastructure Jobs Creation
By Ronald D. Utt
(WebMemo #2273)
Many in Congress have been arguing the need for more government spending to create new jobs to offset those lost and to jumpstart the economy, ...
February 5, 2009
New Stimulus Tax Deductions Just Another Bailout for Detroit Automakers
By Curtis S. Dubay
(WebMemo #2275)
The Senate recently tacked on two new income tax deductions as part of the stimulus bill in yet another attempt to help the ailing auto ...
February 4, 2009
Stimulus Bill Should Not Bail Out Irresponsible States
By Brian Riedl
(WebMemo #2266)
In response to pleading governors and mayors, the House stimulus bill contains a staggering $200 billion bailout for state and local governments that have spent ...
February 4, 2009
Senate Stimulus Bill Would Provide 300,000 Jobs for Illegal Immigrants
By Robert Rector
(WebMemo #2268)
If the Senate version of the stimulus bill becomes law, a great number of the workers employed in government construction programs will, in fact, be ...
February 4, 2009
The Senate's Flawed 4 Percent Mortgage Refinance Plan
By Ronald D. Utt, Ph.D., David C. John, and J. D. Foster, Ph.D.
(WebMemo #2269)
The Senate Republicans' 4 percent housing stimulus and mortgage relief plan (proposed earlier by Chris Mayer and Glenn Hubbard of Columbia Business School) would be ...
February 4, 2009
Get Out of Jail Free: Why Byrne JAG Grants Should Not Be Part of Economic Stimulus Package
By David B. Muhlhausen, Ph.D.
(WebMemo #2271)
Not only should Congress be concerned about the pretrial services funded by Byrne JAG grants, but these grants will do virtually nothing to stimulate the ...
February 3, 2009
Sustainable Economic Stimulus: Repeal Capital Gains and Dividend Taxes
By Karen A. Campbell and Guinevere Nell
(WebMemo #2263)
Although policymakers are currently discussing an $825 billion economic stimulus package, completely eliminating capital gains and dividend taxes would be a cheaper and more effective ...
February 3, 2009
An Earmark by Any Other Name Is Still an Earmark
By Karen Campbell, Ph.D.
(WebMemo #2264)
An analysis of the "The American Recovery and Reinvestment Act of 2009" shows that it fails to deliver on the economic promises of its authors, ...
February 2, 2009
Big Gains for the Automakers from Senator Jim DeMint's "American Option"
By William W. Beach
(WebMemo #2259)
Senator Jim DeMint's economic stimulus plan—known as the "the American Option Act"—proposes to aggressively and immediately lower taxes on businesses and individuals.
February 2, 2009
Stimulus Plan Should Include Pro-Growth Tax Relief for Families in Every State
By Shanea J. Watkins, Ph.D., and Guinevere Nell
(WebMemo #2262)
The stimulus plan scheduled for debate in the Senate should include an extension of the 2001 and 2003 tax reductions and a reduction of tax ...
February 2, 2009
The "American Option" Is Good for Small Business
By Guinevere Nell
(WebMemo #2261)
The "American Option," introduced by Senator Jim DeMint (R–SC), avoids the discredited Keynesian consumption-based stimulus and instead follows the tried and true method of cutting ...
January 30, 2009
The Global Government Debt Bubble Threatens the Economy
By J. D. Foster, Ph.D.
(WebMemo #2257)
The expanding federal deficit is likely to raise interest rates significantly for government debt, thereby increasing interest costs for generations to come.
January 29, 2009
The American Option: A Jobs Plan That Works
By the Honorable Jim DeMint
(Heritage Lecture #1108)
The House stimulus bill does virtually nothing to stimulate the economy while it wastes billions of taxpayer dollars. A better way that will actually stimulate ...
January 28, 2009
More Byrne JAG and COPS Funding Will Not Stimulate the Economy
By David B. Muhlhausen, Ph.D.
(WebMemo #2251)
The inclusion of local law enforcement grants—such as Byrne JAG and COPS—in the economic stimulus package will be exceedingly unlikely to produce any stimulus for ...
January 28, 2009
Economic Stimulus Pushed by Flawed Jobs Analysis
By Curtis Dubay, Karen Campbell, Ph.D., and Paul Winfree
(WebMemo #2252)
The Obama Administration and Members of Congress are relying on a flawed report as evidence of the effectiveness of the stimulus plan. The report should ...
January 26, 2009
Ten Reasons Why the "Economic Stimulus" Should Not Include Education Spending
By Dan Lips
(Backgrounder #2233)
The draft American Recovery and Reinvestment Act of 2009 calls for an unprecedented increase in federal education funding, which will not improve economic growth. Instead ...
January 26, 2009
The Stimulus Bill: $825 Billion in Forgone Family Spending
By Shanea J. Watkins, Ph.D., and Patrick Tyrrell
(WebMemo #2242)
House Democrats have proposed $825 billion in stimulus spending. To put it into perspective, $825 billion is worth approximately $10,520 for each family in the ...
January 26, 2009
Building a Better Stimulus Bill
By Rea S. Hederman, Jr., and Ryan Tang
(WebMemo #2247)
The tax cuts that are currently part of the stimulus bills and supported by President Obama rely on increased consumer spending instead of boosting investment ...
January 22, 2009
Will Lobbyists Turn the Stimulus Package Into a Festival of Fiscal Greed?
By Ronald D. Utt, Ph.D.
(Backgrounder #2232)
As Congress and President Obama try to devise a fiscal stimulus package, and as the proposed spending for this package has risen from $300 billion ...
January 21, 2009
Key Questions for Timothy Geithner, Nominee for Treasury Secretary
By J. D. Foster, Ph.D.
(WebMemo #2232)
The United States Senate will soon consider the nomination of Timothy Geithner to be Treasury secretary of the United States. The following are a few ...
January 16, 2009
Fiscal Challenges for Government at All Levels: How Economic Stimulus Drives Up Deficit and Debt
By William W. Beach
(WebMemo #2227)
The 111th Congress begins its work with a war against an enemy that is as intractable as it is illusive and with an economic crisis ...
January 16, 2009
The Fallacy of Health Care Reform as Economic Stimulus
By Robert A. Book, Ph.D.
(WebMemo #2231)
After spending decades trying reduce health care costs, some commentators and policymakers now argue that health care costs should be increased to stimulate the economy. ...
January 14, 2009
TARP: Frank's Bill Underscores Weaknesses of This Bailout Program
By David C. John
(WebMemo #2223)
Efforts by Chairman Barney Frank of the House Financial Services Committee to "improve" the Treasury's Troubled Asset Relief Program (TARP) in the TARP Reform and ...
January 14, 2009
Adding COPS Funding to the Economic Stimulus Package Will Not Stimulate the Economy, Nor Will It Effectively Combat Crime
By David B. Muhlhausen, Ph.D.
(Testimony )
While Congress is developing legislation intended to stimulate the economy, interest groups, including governors, big city mayors, and other local officials, are lining up for ...
January 13, 2009
Cut Tax Rates and Create 2.5 Million—No, 3.5 Million New Jobs
By J. D. Foster, Ph.D.
(WebMemo #2218)
President-elect Barack Obama has pledged to create 3.5 million new jobs by the end 2010. But he only quick, and effective, remedy is to cut ...
January 12, 2009
U.S. Labor and Employment Report: Jobs Report for December Underscores Need for Pro-Growth Economic Policies
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #2205)
The jobs reports of the previous two months have been the worse in decades. Congress should enact policies aimed at bolstering employment opportunities by reducing ...
January 7, 2009
Economic Recovery: How Best to End the Recession
By J.D. Foster, Ph.D., and William W. Beach
(WebMemo #2191)
The new Administration and new Congress are developing a stimulus program to soften the recession and accelerate the recovery. Given the high level of economic ...
January 6, 2009
Rising Unemployment: Caused by Less New Job Creation, Not by More Layoffs
By James Sherk
(Backgrounder #2223)
U.S. unemployment has risen sharply over the past 18 months to 6.7 percent. Unemployment is rising because employers are creating fewer jobs. Workers entering the ...
January 6, 2009
Economic Stimulus: Dos and Don'ts
By Nicola Moore
(WebMemo #2187)
The first order of business for the President-elect and the new Congress is to get the American economy back on track. To that end, Democratic ...
January 6, 2009
Promoting the General Welfare Through Civil Justice Reform: A Memo to President-elect Obama
By Hans A. von Spakovsky and Andrew M. Grossman
(Special Report #38)
President-elect Obama, you argued forcefully as a candidate that we need a regulatory and business landscape in which businesses, entrepreneurs, and investors can thrive and ...
January 6, 2009
Protecting Property Rights to Preserve Freedom and Prosperity: A Memo to President-elect Obama
By Andrew M. Grossman
(Special Report #40)
President-elect Obama, you have been a strong and eloquent defender of property rights and the rule of law, recognizing that they undergird Americans' freedoms and ...
December 16, 2008
Learning from Japan: Infrastructure Spending Won't Boost the Economy
By Ronald D. Utt, Ph.D.
(Backgrounder #2222)
The Japanese government implemented a massive program of infrastructure-focused stimulus spending during the 1990s, and the result was two decades of economic stagnation. Less ambitious ...
December 15, 2008
Time to End the TARP Bailout Program
By Stuart M. Butler, Ph.D.
(WebMemo #2174)
To the extent that new financial crises materialize, recent experience suggests that the Federal Reserve Board is best able to handle them and would do ...
December 12, 2008
TARP: Now a Slush Fund for Detroit?
By Andrew M. Grossman and James Gattuso
(WebMemo #2170)
With the Senate’s rejection of a bailout for Detroit’s ailing automakers, there comes word that President Bush is actively considering using funds allocated by Congress ...
December 9, 2008
Saving Detroit Automakers with an Advance Purchase of Cars and Trucks
By Ronald D. Utt, Ph.D.
(WebMemo #2163)
While bankruptcy is still the best bet for fundamental reform of the Big Three automakers, if Congress and the President insist on "helping" Detroit, the ...
December 9, 2008
Auto Bailout Bill: Nationalizing Detroit?
By James L. Gattuso
(WebMemo #2164)
Would Washington do a better job running the automobile industry than Detroit would? Taxpayers may be about to find out. Detroit needs to change to ...
December 9, 2008
Bankruptcy Is Best: Responding to Automakers’ Arguments against Chapter 11 Restructuring
By Andrew M. Grossman
(WebMemo #2165)
Though a bailout may be better for the automakers' current executives and shareholders, restructuring in bankruptcy remains the best choice for the automakers' continued viability ...
December 8, 2008
Bankruptcy of Detroit’s Big Three Automobile Companies: New Economic Impact Estimates
By Karen A. Campbell, Ph.D., and Paul L. Winfree
(WebMemo #2160)
Ford, General Motors, and Chrysler rely heavily on a study by the Center for Automotive Research in making their case for a financial bailout. This ...
December 8, 2008
UAW Workers Actually Cost the Big Three Automakers $70 an Hour
By James Sherk
(WebMemo #2162)
Some observers argue that the $70/hour figure includes the cost of benefits paid to current ...
December 5, 2008
Heritage Employment Report: November's Weak Thanksgiving Jobs Numbers
By Rea S. Hederman, Jr.
(WebMemo #2157)
The Bureau of Labor Statistics announced that in November, 533,000 jobs were lost and the unemployment rate increased from 6.5 percent to 6.7 percent. Despite ...
December 3, 2008
Growth, Deficits, and the Future
By J. D. Foster, Ph.D.
(WebMemo #2150)
Paul Krugman, in his article in The New York Times on December 1, “Deficits and the Future,” discusses deficit spending reflecting both the weakening state ...
December 3, 2008
Permanent Tax Relief - Not Tax "Holidays" - Stimulates Economic Growth
By Stuart M. Butler, Ph.D.
(WebMemo #2152)
Fiscal policy in the form of short-term tax holidays, or temporary spending jolts, will not rekindle economic growth; only long-term reductions in marginal tax rates ...
December 3, 2008
Cutting Taxes to Promote Growth and Restore Fairness: A Memo to President-elect Obama
By Alison Acosta Fraser and Curtis S. Dubay
(Special Report #29)
President-elect Obama, a centerpiece of your campaign was your pledge to cut taxes for 95 percent of American workers. Middle-class voters, especially, connected strongly with ...
November 20, 2008
Does Detroit Really Need a Bailout? Lessons from Britain
By Nigel Hawkins
(WebMemo #2137)
Britain's experience with two major industries—shipbuilding and automobiles—shows why governments should hesitate to provide heavy subsidies in an effort to "save" firms with serious management ...
November 19, 2008
Auto Bailout Ignores Excessive Labor Costs
By James Sherk
(WebMemo #2135)
Detroit autoworkers have substantially more benefits than most Americans. These benefits have been a major force driving the Detroit automakers' current fiscal woes.
November 18, 2008
Extended Unemployment Insurance--No Economic Stimulus
By James Sherk and Karen A. Campbell, Ph.D.
(Center for Data Analysis Report #08-13)
Many Members of Congress support a second economic stimulus package, including extending the time period over which workers can collect unemployment insurance (UI). A comprehensive ...
November 17, 2008
The Automaker Bailout: Questions Congress Must Ask the Automakers
By Andrew M. Grossman
(WebMemo #2134)
For Congress to be a wise steward of the public purse and responsibly evaluate the need for a bailout, it requires an unvarnished account of ...
November 16, 2008
The Detroit Bailout: Unsafe at Any Cost
By James L. Gattuso and Nicolas D. Loris
(WebMemo #2133)
Should Washington bail out the Big Three automakers? A far better approach is to restructure through a formal bankruptcy process if necessary. Bankruptcy—and the prospect ...
November 15, 2008
Automakers Need Bankruptcy, Not Bailout
By Andrew M. Grossman
(Legal Memorandum #33)
For the Big Three, staying the course (the only alternative to reorganization in bankruptcy) guarantees failure. Outside of bankruptcy, the automakers will have neither the ...
November 14, 2008
TARP and the Treasury: Time to Allow Markets to Work
By James L. Gattuso, David C. John, and J. D. Foster, Ph.D.
(WebMemo #2131)
Treasury Secretary Henry Paulson recently announced yet another change in direction of the “Troubled Asset Relief Program” (TARP), sowing more uncertainty and confusion in the ...
November 7, 2008
Heritage Employment Report: October Report Shows Fall in Jobs
By Rea S. Hederman, Jr.
(WebMemo #2125)
The October jobs report shows the American economy is in bad shape. Consequently, the federal government should take steps to improve the economy with policies ...
October 24, 2008
How to Successfully Stimulate the Economy
By William W. Beach
(WebMemo #2113)
Serious work by the Congress in tax, energy, and spending policy will create greater predictability for investors and business owners and assure workers that they ...
October 23, 2008
Treasury's Bank Capital Purchase Program: Avoiding a Dangerous Legacy
By David C. John
(WebMemo #2110)
Last week, the Treasury Department announced the direct purchase of equity stakes in U.S. banks in order to increase the capital levels of those institutions. ...
October 23, 2008
Economic Recovery: Options and Challenges
By William W. Beach
(Testimony )
The stock market turmoil that has captured everyone's attention is rooted in the ongoing crisis in credit markets and aggravated by the slowdown in general ...
October 23, 2008
Why an Independent Financial Markets Commission Is Needed Now
By David M. Mason
(WebMemo #2112)
An Independent Commission on Financial Markets—similar to the 1987 Brady Commission, but chartered by Congress—could provide Congress and the next Administration with the information necessary ...
October 22, 2008
Meltdowns and Myths: Did Deregulation Cause the Financial Crisis?
By James L. Gattuso
(WebMemo #2109)
Easy answers are seldom correct ones. That principle seems to be at work as the nation struggles to discover the causes of financial crisis now ...
October 17, 2008
Job Creation from the Obama and McCain Tax Plans: A State-by-State Analysis
By Shanea J. Watkins, Ph.D.
(WebMemo #2105)
A recent Heritage Foundation Center for Data Analysis report describes the economic outcomes that can be expected based on the presidential candidates' proposed tax plans. ...
October 15, 2008
Obama's and McCain's Budget Proposals Lack Detail
By Brian M. Riedl
(WebMemo #2102)
Both Barack Obama and John McCain have produced budget plans that focus on short-term goals, and both their plans lack detail on how to achieve ...
October 15, 2008
Obama's and McCain's Tax Plans: A Mixed Bag
By J. D. Foster, Ph.D.
(WebMemo #2101)
Senators John McCain (R–AZ) and Barack Obama (D–IL) have released tax plans indicating their priorities when one of them becomes President of the United States. ...
October 3, 2008
Heritage Employment Report: September's Job Report is Grim
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #2096)
The September jobs report is not surprising in light of the overall downturn of the economy. The economy is slipping off the edge and could ...
October 2, 2008
SEC Makes Mark-to-Market Accounting Markedly Better
By David C. John and James L. Gattuso
(WebMemo #2095)
The SEC and FASB clarifications on mark-to-market accounting rules both address shortcomings in the application of the existing rule and will help to ensure that ...
October 1, 2008
The Economic Case for Drilling Oil Reserves
By David W. Kreutzer, Ph.D.
(WebMemo #2093)
Energy is critical to the operation of our economy and the maintenance and improvement of our standard of living. Restricting access to energy hurts the ...
October 1, 2008
Action on Financial Rescue Plan Urgently Needed
By Stuart M. Butler, Ph.D., and Edwin Meese III
(WebMemo #2094)
A revised so-called "bailout" package is being readied for a Senate vote and subsequent action in the House. Action on this rescue package is urgently ...
September 29, 2008
The Bailout Package: Vital and Acceptable
By Stuart M. Butler, Ph.D., and Edwin Meese III
(WebMemo #2091)
Financial markets in the United States and around the world face a dire emergency requiring urgent and decisive action. The package of emergency steps now ...
September 28, 2008
An Initial Review of the Bailout Agreement
By Alison Acosta Fraser and Todd F. Gaziano
(WebMemo #2089)
Administration and congressional negotiators reached agreement early Sunday on a package of actions to address the alarming financial situation facing the U.S. economy. Although several ...
September 26, 2008
House Tax Extenders Bill Is Bad for Business and the Economy
By Rea S. Hederman, Jr., and Nicolas Loris
(WebMemo #2084)
The tax extenders legislation that passed the House 257–166 on September 26 has significant problems. The tax cuts and increased spending in the bill are ...
September 26, 2008
The Housing Bailout: Constitutional Infirmities Remain, but a Ray of Hope
By Andrew M. Grossman, Robert Alt, Todd Gaziano
(WebMemo #2086)
Congress can put together a plan that does not violate our fundamental law. Those who, for reasons of economic policy, favor the leadership/White House proposal ...
September 24, 2008
All Deliberate Speed: Constitutional Fidelity and Prudent Policy Go Hand in Hand in Fixing the Credit Crisis
By Todd F. Gaziano and Andrew M. Grossman
(WebMemo #2079)
For sound policy and constitutional reasons, Congress should not recess until it acts on a solution to the credit crisis, but it should also be ...
September 23, 2008
Financial Cleanup Steps for Congress—The Next Steps and Beyond
By J. D. Foster, Ph.D.
(WebMemo #2075)
Congress is working toward passage of legislation requested by the Administration that would create a new financial entity as part of the federal government to ...
September 22, 2008
The Financial Bailout (and the New Resolution Trust Corp.) Must Restore the Markets and Protect the Taxpayer
By David C. John
(WebMemo #2072)
The House and Senate must have two objectives when putting together their versions of the financial bailout proposal made by the Treasury and Federal Reserve: ...
September 19, 2008
What Should Be Done About the Financial Markets?
By Stuart M. Butler, Ph.D., Alison Acosta Fraser, and James L. Gattuso
(WebMemo #2070)
Lawmakers have just been presented with the outline of an expansive and potentially costly package of proposals said to be needed to bring a permanent ...
September 19, 2008
First Thoughts on the New Resolution Trust Corporation
By David John and J.D. Foster, Ph.D.
(WebMemo #2069)
Perhaps the most important and most controversial measure amidst the financial turmoil is the suggestion that Congress create an entity similar to the Resolution Trust ...
September 16, 2008
Free-Market Philanthropy: The Social Aspect of Entrepreneurship
By Guinevere Nell, James Sherk, and Paul L. Winfree
(Center for Data Analysis Report #08-07)
An enduring criticism of free markets is that they are based on self-centered greed. However, the philanthropic actions of entrepreneurs, measured by the size of ...
September 10, 2008
New CBO Budget Baseline Shows Entitlements Driving Budget Deficits Higher
By Brian Riedl
(WebMemo #2057)
The Congressional Budget Office’s new 10-year baseline shows steep Social Security, Medicare, and Medicaid spending costs driving the budget deficit upwards.The best way to get ...
September 9, 2008
Fannie and Freddie: Time to Clean up the Mess and Move Forward
By J.D. Foster, Ph.D., David A. John, and Stephen C. Keen
(WebMemo #2055)
Decades of policy mistakes creating and protecting Fannie Mae and Freddie Mac finally led the predicted system risk to become a dangerous financial reality. However, ...
September 5, 2008
High Energy and Food Prices: Driving the August Employment Report Slowdown
By James Sherk
(WebMemo #2051)
On Friday, September 5 the Bureau of Labor Statistics released its employment estimates for August 2008. Government data shows that employers continued to shed jobs ...
September 4, 2008
Fannie Mae and Freddie Mac: Avoiding the Next Big Mistake
By David C. John
(WebMemo #2050)
Politically, Fannie Mae's and Freddie Mac’s financial woes are coming at the worst possible time. However, strong leadership within the Treasury Department and the new ...
September 2, 2008
Job-to-Job Transitions: More Mobility and Security in the Workforce
By James Sherk
(Center for Data Analysis Report #08-06)
Many Americans are understandably worried about their job security, but policymakers should understand that American jobs are more secure today than in past years. Employers ...
August 18, 2008
Fighting for Freedom in Rural Peru: "ALBA Houses" Threaten Democracy
By James M. Roberts and Edwar Enrique Escalante
(Backgrounder #2173)
Venezuelan president Hugo Chavez is spreading his toxic "21st Century Bolivarian Socialism" through "ALBA houses" in Peru that are aimed at subverting market-based democracy and ...
August 7, 2008
Land Use Deregulation Should Be Part of Any Housing Reform Plan
By Wendell Cox and Ronald Utt
(WebMemo #2014)
In a time when there are increasing concerns about the rising cost of living over everything from gas prices to food prices, policymakers should hasten ...
August 1, 2008
July Job Losses Lighter than Expected
By Rea S. Hederman Jr and James Sherk
(WebMemo #2008)
The July jobs report is not one that would be expected if the economy were in a recession. Job losses are relatively light and contained ...
July 15, 2008
Congress Should Fix the Fannie Mae and Freddie Mac Mess
By David C. John
(WebMemo #1993)
Sunday's announcement by the Bush Administration and the Federal Reserve seems to have cooled the immediate crisis concerning Fannie Mae and Freddie Mac. However, their ...
July 14, 2008
How Rising Gas Prices Hurt American Households
By Karen A. Campbell, Ph.D.
(Backgrounder #2162)
Higher gas prices lower employment, income, and spending. To the extent that the high price of gasoline is not a clear signal because of excessive ...
July 3, 2008
No Celebration for June Jobs Report
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1980)
The American economy continues to stall, making the atmosphere even less conducive for tax increases.
June 25, 2008
How Will Freedom Succeed?
By The Reverend Robert A. Sirico
(Heritage Lecture #1090)
Human freedom is insufficient in itself to provide a good and prosperous life for people. It is not its own safeguard. Rather, it requires institutions ...
June 20, 2008
Discussion of the Costs of the Iraq War
By William W. Beach
(Testimony )
Testimony before the Joint Economic Committee United States Senate
June 2, 2008
The Dodd-Shelby Housing Bill: A Bad FHA Refinance Plan Hijacks Good GSE Reforms
By David C. John
(WebMemo #1941)
The Senate Banking Committee’s housing package contains some very important reforms and one very bad idea. Chairman Chris Dodd’s (D–CT) version of legislation to use ...
May 8, 2008
China's Undervalued Currency Benefits Americans
By Ambassador Terry Miller
(WebMemo #1919)
Politicians looking for quick fixes to perceived U.S. economic ills have focused yet again on trade. The China Currency Manipulation Act of 2008 was introduced ...
May 6, 2008
Meeting Energy Challenges in the Western Hemisphere
By Ray Walser, Ph.D.
(Heritage Lecture #1079)
Meeting the nation’s petroleum needs from affordable and secure sources is vital for national security. The best guarantee for future energy security remains a stable, ...
May 6, 2008
H-1B Workers: Highly Skilled, Highly Needed
By James Sherk
(WebMemo #1916)
H-1B visas enable businesses to temporarily hire highly skilled immigrants to fill vital positions. Immigration opponents argue that workers on H-1B visas are not especially ...
May 6, 2008
H.R. 5830, the Frank–Dodd FHA Refinance Plan, Is Still the Wrong Policy for the Housing Mess
By David C. John
(WebMemo #1918)
Chairman Barney Frank (D–MA) of the House Financial Services Committee has proposed H.R. 5830, which would use the Federal Housing Administration (FHA) to refinance at-risk ...
May 3, 2008
April Jobs Report Provides a Glimmer of Sunlight
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1914)
The American economy continued to shed jobs in April due to the housing market crash, but according to the Bureau of Labor Statistics’ payroll survey, ...
April 30, 2008
More H-1B Visas, More American Jobs, A Better Economy
By James Sherk and Guinevere Nell
(Center for Data Analysis Report #08-01)
High-tech employers cannot hire needed new workers, and advanced fields like computers and mathematicals are at full employment. Raising the cap on H-1B visas for ...
April 29, 2008
How Smart Growth Exacerbated the International Financial Crisis
By Wendell Cox
(WebMemo #1906)
The U.S. mortgage meltdown has dominated business news for months. The crisis seems to deepen daily, and its impacts are felt throughout an increasingly interdependent ...
April 22, 2008
The Subprime Mortgage Market Collapse:
A Primer on the Causes and Possible Solutions
By Ronald D. Utt, Ph.D.
(Backgrounder #2127)
The collapse of the subprime mortgage market has created depression-like conditions in the housing market and driven the economy to the brink of recession, but ...
April 22, 2008
Executive Summary: The Subprime Mortgage Market Collapse: A Primer on the Causes and Possible Solutions
By Ronald D. Utt, Ph.D.
(Executive Summary #2127)
The collapse of the subprime mortgage market has created depression-like conditions in the housing market and driven the economy to the brink of recession, but ...
April 17, 2008
Getting Better, Not Bitter, in Pennsylvania
By Ambassador Terry Miller
(WebMemo #1895)
The recent firestorm over Senator Barack Obama's comments about Pennsylvania's "bitter" voters has focused on charges of condescension and on the perceived denigration of gun ...
April 15, 2008
Private Faith, Big Government: Understanding the Impact of Marginalizing Religion
By Ryan Messmore
(Backgrounder #2123)
In the 20th century, America witnessed a significant transition toward a privatized understanding of reli¬gion. Social and political pressures have prompted many to view religion ...
April 15, 2008
Economic Effects of Increasing the Tax Rates on Capital Gains and Dividends
By William Beach, Rea S. Hederman, Jr., and Guinevere Nell
(WebMemo #1891)
On December 31, 2010, the low tax rates on capital gains and dividends enacted in 2003 will increase to the higher level that applied prior ...
April 4, 2008
Economic Pessimism: No Excuse for Protectionism
By Anthony B. Kim
(WebMemo #1883)
Especially in a presidential election year, Congress must take a long-term view focused on strengthening economic fundamentals.
April 4, 2008
March Jobs Report Confirms a Poor First Quarter for the American Economy in 2008
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1885)
The March jobs report shows a weakening economy. However, by historical standards the current job market remains strong. An unemployment rate of 5.1 percent is ...
April 3, 2008
Subprime Mortgage Problems: A Quick Tour Through the Rubble
By Ronald D. Utt
(WebMemo #1881)
Proposals for new federal spending and credit programs would greatly expand the role of government in the economy while doing little to alleviate the distress ...
March 31, 2008
The Housing and Financial Markets:
Congressional Action Could Disrupt Market Correction
By J.D. Foster
(WebMemo #1874)
Congressional action could prolong and exacerbate the current situation.
March 31, 2008
The Isakson Tax Credit: Another Approach that Won't Fix the Mortgage Mess
By David C. John
(WebMemo #1873)
Unfortunately, there are no simple or quick solutions to a highly complex financial situation.
March 31, 2008
Increasing the Cap for H-1B Visas Would Help the Economy
By James Sherk and Diem Nguyen
(WebMemo #1875)
Congress should allow America's high-tech industries to hire more skilled foreigners to work in the United States.
March 24, 2008
Frank-Dodd Approach Won't Fix the Mortgage Mess
By David C. John
(WebMemo #1864)
The most discussed proposals in Congress would make matters worse over the long term.
March 20, 2008
Preventing the Next Subprime Crisis
By David C. John
(WebMemo #1862)
If implemented properly, recommendations made by the President's Working Group on Financial Markets will help to prevent the next subprime mortgage crisis.
March 18, 2008
The Fed Engages as Economy Wavers
By J.D. Foster, Ph.D. and David C. John
(WebMemo #1857)
The health of the economy will depend significantly on the actions of the Federal Reserve in the days and weeks ahead.
March 11, 2008
The House Budget Resolution: Tax Hikes Would Harm Economy, Taxpayers
By Shanea Watkins, Ph.D.
(WebMemo #1844)
This WebMemo projects the likely impact of the House budget resolution in states and congressional districts.
March 7, 2008
Jobs Picture Darkens
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1839)
The federal government should ease the burdens it imposes on businesses and entrepreneurs.
March 4, 2008
Tax Cuts, Not the Clinton Tax Hike, Produced the 1990s Boom
By J.D. Foster, Ph.D.
(WebMemo #1835)
The 1993 tax increase probably slowed the economy compared to what it could have achieved.
February 27, 2008
Want More Economic Stimulus? Pass the Pending Free Trade Agreements!
By James M. Roberts
(WebMemo #1830)
Congress should pass the pending FTAs with Colombia, Panama, and South Korea.
February 26, 2008
No Economic Silver Lining in Tax Hikes
By J. D. Foster, Ph.D.
(WebMemo #1826)
A new theory mistakenly suggests that higher taxes may be benign or even beneficial to economic growth.
February 7, 2008
President's Homeownership Proposals Should Be Sent Back to the Drawing Board
By Ronald D. Utt, Ph.D.
(WebMemo #1802)
Expanding the federal government's role in the mortgage market would encourage more irresponsible behavior.
February 1, 2008
The January Employment Report: Private Employment Increased
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1792)
An aggressive stimulus package containing rebates and new spending would be an excessive response to the current economic situation.
January 25, 2008
RSC Stimulus Proposal Would Be a Move in the Right Direction
By Tom Finnigan
(WebMemo #1779)
As an alternative to rebates, this proposal would lower the tax and regulatory burden on businesses.
January 24, 2008
The House Stimulus Package: The Good and the Bad
By Rea S. Hederman, Jr.
(WebMemo #1778)
Certain elements would boost the economy, but other provisions should be omitted.
January 18, 2008
Congressional Hearing on What Should Congress Do to Avoid a Recession
By William W. Beach
(Testimony )
Congressional Hearing on What Should Congress Do to Avoid a Recession
January 18, 2008
Why Tax Rate Reductions Are More Stimulative Than Rebates: Lessons from 2001 and 2003
By Brian M. Riedl
(WebMemo #1776)
Lawmakers currently examining economic stimulus proposals should reject rebates in favor of tax rate reductions.
January 18, 2008
Unemployment Insurance Does Not Stimulate the Economy
By James Sherk and Patrick Tyrrell
(WebMemo #1777)
Extending unemployment benefits would harm the economy.
January 10, 2008
A Safe and Bountiful Harvest: How to Ensure America's Food Safety
By Daniella Markheim and Caroline Walsh
(Backgrounder #2096)
Legislating an unwise food safety policy could seriously undermine the primary benefits of international trade and harm U.S. households and the economy as a whole. ...
January 7, 2008
The Economy's Year-End Fizz
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1766)
Policymakers should be careful not to overreact to the December jobs report.
December 31, 2007
Taxing Visitors Is the Wrong Way to Promote the United States
By James Jay Carafano, Ph.D.
(WebMemo #1764)
Congress should do its own job better and leave travel promotion to the private sector.
December 13, 2007
HOPE NOW: One Step to Resolve the Subprime Mortgage Crisis
By David C. John and Alison Acosta Fraser
(WebMemo #1742)
Treasury Secretary Henry Paulson’s “HOPE NOW” is a far better way to deal with the hundreds of billions of dollars worth of subprime mortgages than ...
December 7, 2007
Employment Fattens Up During November
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1726)
The Bureau of Labor Statistics gives a bit of holiday cheer and stems worries that the economy is rapidly heading for a recession.
December 6, 2007
Beware of Cap and Trade Climate Bills
By Ben Lieberman
(WebMemo #1723)
S. 2191 would likely increase energy costs and do considerably more economic harm than environmental good.
November 30, 2007
Sovereign Wealth Funds No Cause for Panic
By Terry Miller, Daniella Markheim, and Anthony B. Kim
(WebMemo #1713)
Policymakers should not consider stricter investment controls in the wake of Abu Dhabi's purchase of 4.9 percent of Citicorp.
November 27, 2007
Productivity Growth, Not Trade, Is Cutting Manufacturing Jobs
By Ambassador Terry Miller
(WebMemo #1709)
U.S. leaders must reject anti-trade demagoguery and embrace America's tradition of optimism in the face of change and progress.
November 14, 2007
H.R. 3915 Would Impose New Burdens and Limits on Moderate Income Borrowers
By Ronald D. Utt, Ph.D.
(WebMemo #1703)
H.R.3915 would make borrowing tougher for moderate income families and delay the housing market recovery that is now struggling to get underway.
November 7, 2007
The End of Pro-Growth Tax Policy: How the Rangel Tax Bill Could Affect the U.S. Economy
By William W. Beach and Guinevere Nell
(WebMemo #1697)
At stake in the current debate is a shift in tax policy from emphasizing growth in the economy to emphasizing tax increases that would pay ...
November 2, 2007
Post-Halloween Jobs Report Is a Treat
By James Sherk and Rea S. Hederman, Jr.
(WebMemo #1689)
The economy continues to grow and provide jobs and higher wages for American workers.
November 1, 2007
IMF Report: U.S. Economy on Track for a Soft Landing
By Ambassador Terry Miller
(WebMemo #1686)
A positive assessment of the global economy is a reminder that economic freedom and open economies lead to sustained growth and prosperity.
October 18, 2007
Free Trade: Media Should Include Facts with Opinion Polls
By Ambassador Terry Miller
(WebMemo #1670)
Stories that focus on negative attitudes toward free trade should include information about the undeniable benefits that free trade generates.
October 5, 2007
Leaves Fall, But Not Jobs
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1657)
The latest data show that fears of recession are misplaced, but Congress must still take care to avoid upsetting the economy.
September 10, 2007
The Subprime Mortgage Crunch: Providing Tax Relief for Ex-Homeowners
By JD Foster, Ph.D.
(WebMemo #1603)
The President’s package of initiatives, while well intentioned, is misguided. A better approach would be to correct the tax treatment of cancelled mortgage debt.
September 10, 2007
The Subprime Mortgage Situation: Bailout Not the Right Solution
By Ronald D. Utt, Ph.D., and David C. John
(WebMemo #1604)
The government's response should be limited to dealing with the immediate problem and should not become a vehicle for expanded housing programs or pushing other ...
September 7, 2007
The August Jobs Report: Mixed Signals Send a Warning to Congress
By James Sherk
(WebMemo #1601)
As most Americans' lives continue to improve, Congress must refrain from enacting policies that could tip the economy into recession.
August 31, 2007
Upwards Leisure Mobility: Americans Work Less and Have More Leisure Time than Ever Before
By James Sherk
(WebMemo #1596)
While Congress focuses on income inequality, new research shows that lower-income Americans have disproportionately benefited from an increase in leisure time over the past generation. ...
August 29, 2007
Census Report Adds New Twist to Income Inequality Data
By Rea S. Hederman, Jr.
(WebMemo #1592)
With the help of a new measure for income inequality, a new report refutes the notion that "the rich are getting richer and the poor ...
August 23, 2007
Is Europe Doomed to Continued Economic Stagnation?
By Sally McNamara
(Heritage Lecture #1040)
As the European Union’s largest trading partner, with a bilateral trade and investment relationship valued at almost $3 billion dollars per day, America has enormous ...
August 1, 2007
American Competitiveness: Why Well-Intentioned Labor Regulations Can Hurt More Than Help
By Tim Kane, Ph.D.
(Heritage Lecture #1037)
Congress should not use the conventional European approach to labor markets unless it also wishes to invite European levels of unemployment. The idea of mandatory ...
July 27, 2007
Surprises in the Bullish GDP Report
By Tim Kane, Ph.D.
(WebMemo #1572)
Congress must reject protectionist measures for strong economic growth to continue for the rest of the year.
July 6, 2007
Fireworks for the June Jobs Report
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1539)
In light of strong job creation and low unemployment, Congress should make the Bush tax cuts permanent and refrain from meddling in the labor market, ...
June 26, 2007
Twelve Principles to Guide U.S. Energy Policy
By Stuart M. Butler, Ph.D., and Kim R. Holmes, Ph.D.
(Backgrounder #2046)
The best way to facilitate access to oil and gas and foster new alternatives that work for the U.S. economy while addressing homeland and national ...
June 20, 2007
Foreign Investment, Growth, and Economic Freedom: What Is OPIC’s Role?
By Tim Kane, Ph.D.
(Heritage Lecture #1033)
Empirical studies show that growth comes first, and investment follows, which implies that building the institutions for growth is the optimal development strategy. Congress should ...
June 13, 2007
Performance-Based Pay Driving Increase in Inequality
By James Sherk
(WebMemo #1505)
Much of the increase in income inequality in recent decades is due to the expanded business practice of paying workers based on their individual levels ...
June 11, 2007
Trade Deficits and Stolen Jobs: April Update
By Tim Kane, Ph.D.
(WebMemo #1496)
After years of scaring voters with stories of economic decline, protectionists are now pursuing mistaken policies to reap what they have sown.
May 31, 2007
Analyzing Economic Mobility: Measuring Inequality and Economic Mobility
By Paul Winfree
(WebMemo #1478)
There is no comprehensive measure of economic inequality and mobility, but several metrics, used together, can give a more complete picture.
May 14, 2007
Are Foreign Trade and Investment Unbalanced?
By Tim Kane, Ph.D.
(WebMemo #1455)
Recent trade data show why Congress must tread very carefully in regulating capital markets and playing politics with the international economy.
May 4, 2007
April Jobs Report Doesn't Rain on Sunny Economy
By James Sherk and Rea S. Hederman, Jr.
(WebMemo #1444)
Congress should ensure that job growth continues by rejecting policies that would put workers and employers at a disadvantage in the free market.
April 30, 2007
Promoting Stronger Economic Growth: What Public Policy Can Do to Improve Productivity
By Edward P. Lazear, Ph.D.
(Heritage Lecture #1014)
Ensuring economic growth and productivity will require keeping marginal tax rates low; encouraging investment in human capital; maintaining America’s openness to trade and investment; and ...
March 9, 2007
February Job Growth Was Not Chilly
By Rea S. Hederman, Jr.
(WebMemo #1391)
Job numbers reflect an economy that continues to grow and expand, although at a slightly cooler pace than in 2006.
February 7, 2007
Union Members, Not Minimum-Wage Earners, Benefit When the Minimum Wage Rises
By James Sherk
(WebMemo #1350)
Unions are not just being altruistic when they push to raise the minimum wage.
February 1, 2007
Jobs, Taxes, and the Goldilocks Economy
By James Sherk
(WebMemo #1336)
Congress should not impose a triple whammy of tax hikes on the American workers who are doing so much to keep the economy growing.
January 23, 2007
Who Earns the Minimum Wage? Suburban Teenagers, Not Single Parents
By James Sherk and Rea S. Hederman, Jr.
(WebMemo #1320)
A minimum wage hike is a raise for suburban teenagers, not the working poor.
January 16, 2007
The four pillars of Reaganomics
By Arthur Laffer
(WebMemo #1311)
The following is Arthur Laffer's November 13 address to members of The Heritage Foundation’s President's Club at the fall 2006 President’s Club meeting, held at ...
January 5, 2007
A Strong Year for Jobs Offers Lessons for Congress
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1301)
The new Congress should enact policies to continue the economic expansion. It should make permanent the pro-growth tax cuts of 2003 but leave the minimum ...
December 8, 2006
New Job Report Shows Wage Gains Are on Track
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1282)
Wages are up, and unemployment remains low. Good policy will help sustain this strong economy.
November 3, 2006
A Strong Pre-Election Jobs Report, Thanks to Good Economic Policy
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1245)
With unemployment near record lows, another strong jobs report refutes the economy's critics.
October 16, 2006
Shared Prosperity: Debunking Pessimistic Claims About Wages, Profits, and Wealth
By James Sherk
(Backgrounder #1978)
Americans throughout society have shared the gains from economic growth. Low- and middle-income families enjoy dramatically improved standards of living, family incomes are well above ...
October 10, 2006
Economy Remains Strong: Unemployment Is Low and Workers Are Sharing in Productivity Growth
By James Sherk
(WebMemo #1233)
A much-cited map misleads on median household incomes.
September 28, 2006
Tax Rate Reductions Strengthen the Economy, But Excessive Government Spending Threatens Long-Run Performance
By Daniel J. Mitchell, Ph.D., and Michelle L. Muccio
(Backgrounder #1975)
To enhance economic performance, Congress should make the pro-growth portions of the Bush tax cuts permanent, implement reforms to shift the Internal Revenue Code closer ...
September 8, 2006
Lies, Damn Lies, and Income Statistics: Understanding the Detroit Free Press's Income Map
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1208)
A much-cited map misleads on median household incomes.
September 1, 2006
Remember the Bush Tax Cuts This Labor Day
By James Sherk
(WebMemo #1204)
Labor Day is an opportunity to think about the policies behind our prosperity.
August 4, 2006
July Jobs Report Isn't as Hot as the Weather
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1189)
A weak jobs report for a strong economy
August 3, 2006
Who Earns the Minimum Wage--Single Parents or Suburban Teenagers?
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1186)
Raising the minimum wage will not help low-income workers or single parents.
August 3, 2006
Low-Income Workers May Be Worse Off if Congress Increases the Minimum Wage
By Rea S. Hederman, Jr., and Sam Hyman
(WebMemo #1187)
Raising the minimum wage may cause some low-income workers to receive fewer government benefits.
July 28, 2006
Minimum Wage Workers' Incomes Rise When the Minimum Wage Does Not
By James Sherk
(WebMemo #1181)
Hard work, education, and growing skills lead to higher wages. Government intervention does not.
July 28, 2006
What Is Really Happening to Government Revenues: Long-Run Forecasts Show Sharp Rise in Tax Burden
By Daniel J. Mitchell, Ph.D., and Stuart M. Butler, Ph.D.
(Backgrounder #1957)
Instead of raising taxes even faster than projected in an effort to catch up with out-of-control spending, the wise course is to tackle the explosion ...
July 25, 2006
Raising the Minimum Wage Hurts Vulnerable Workers' Job Prospects Without Reducing Poverty
By James Sherk
(WebMemo #1176)
Intended to reduce poverty, the minimum wage encourages teenagers to drop out of school and reduces low-income workers' future job prospects and earnings.
July 7, 2006
A Strong Jobs Report Points the Way to Better Policy
By Rea S. Hederman, Jr., and James Sherk
(WebMemo #1146)
Surveys show that many Americans feel anxious about their economic prospects. Often they hear stories about weak job growth or stagnant earnings that seem to ...
June 2, 2006
U.S. Economy Strong Despite High Oil Prices
By James Sherk and Samuel Hyman
(WebMemo #1105)
Many Americans worry that that high energy costs combined with rising interest rates will plunge the U.S. economy into economic doldrums. The latest data, however, ...
May 17, 2006
A Victory for Taxpayers and the Economy
By Tracy L. Foertsch, Ph.D.
(WebMemo #1082)
This afternoon, President George W. Bush signed the Tax Increase Prevention and Reconciliation Act of 2005 (H.R. 4297), which Congress passed last week.
May 8, 2006
Economy Will Benefit If Lawmakers Extend 15 Percent Tax Rate on Dividends and Capital Gains
By Daniel J. Mitchell, Ph.D.
(WebMemo #1066)
Lower tax rates on dividends and capital gains have proven successful.
May 5, 2006
Job Numbers Show a Strong Economic Recovery
By Rea S. Hederman, Jr., James Sherk, and Samuel Hyman
(WebMemo #1063)
The current economic recovery is benefiting average Americans.
February 3, 2006
Surging Payrolls, Falling Unemployment, and the Shifting Policy Debate
By Tim Kane, Ph.D.
(WebMemo #985)
Strong employment data may change the tenor of the debate over issues from tax cuts to health care policy.
January 6, 2006
The Silver Lining of 2005: Jobs Boom Should Protect Tax Reform
By Tim Kane, Ph.D.
(WebMemo #958)
Why 2005 was a good year, economically speaking.
January 5, 2006
Make the Bush Tax Cuts Permanent
By William W. Beach and Rea S. Hederman, Jr.
(WebMemo #956)
If the tax cuts of 2001 and 2003 are allowed to expire, millions of working families will see their economic prospects dim.
December 2, 2005
The November Jobs Report: An Early Christmas Present
By Rea S. Hederman, Jr., and William W. Beach
(WebMemo #929)
Strong jobs numbers show the importance of extending expiring provisions of the 2003 tax cuts.
November 15, 2005
Windfall Profits of Doom
By Ben Lieberman
(WebMemo #918)
Criticizing big oil companies and their big profits is very popular in Congress right now. Even some normally free-market Republicans have tried to outdo the ...
October 7, 2005
Hurricane Job Losses: How Severe?
By Tim Kane, Ph.D.
(WebMemo #876)
How bad was the economic damage from Katrina? Not so bad, really.
September 19, 2005
Repealing Tax Cuts to Pay For Katrina Recovery Would Cost the Gulf Coast, and the Nation, Jobs
By Rea S. Hederman, Jr., Tim Kane, Ph.D., and Scott Moody
(WebMemo #849)
Congress should prioritize and cut spending, instead.
September 2, 2005
Labor Day Review: In Katrina's Wake
By Tim Kane, Ph.D.
(WebMemo #828)
A recap of this year's economic and labor milestones.
August 5, 2005
Revised! Job Creation Better Than Ever
By William W. Beach and Tim Kane, Ph.D.
(WebMemo #815)
The new job number continue to impress--including big revisions to recent data.
July 29, 2005
GDP Growth Continues to Impress
By Tim Kane, Ph.D., and Rea S. Hederman, Jr.
(WebMemo #812)
Growth is steady and not at all flashy--and that may be the best kind.
July 8, 2005
5.0 Percent Unemployment: Better Than Good
By Tim Kane, Ph.D.
(WebMemo #788)
The economy approached the natural rate of unemployment.
May 12, 2005
Trade Deficits, Dollars, and China: Wrong Lessons Make Dangerous Policy
By Tim Kane, Ph.D., and Marc Miles, Ph.D.
(WebMemo #743)
Could it be that trade deficits are not a drag on growth?
May 6, 2005
Jobs, Growth, and the Washington Connection
By Tim Kane, Ph.D., and Andrew Grossman
(WebMemo #739)
April's job numbers were good; Congress can make them better.
April 12, 2005
U.S. Troops and Economic Growth: Regression Analysis with Robustness Tests
By Garett Jones and Tim Kane
(Center for Data Analysis Report )
The deployment of U.S. military troops to foreign countries has a positive relationship with economic growth in the host countries.
April 7, 2005
The Bankruptcy Bill and Debt Obesity
By Tim Kane, Ph.D.
(WebMemo #712)
The rise of bankruptcies is caused by a lack of accountability in America's bankruptcy laws.
April 1, 2005
April Jobs: Lower Unemployment is No Joke
By Tim Kane, Ph.D.
(WebMemo #708)
Nobody should doubt the health of the American workforce.
March 4, 2005
Unemployment Rates of Modern Presidents
By Tim Kane, Ph.D.
(WebMemo #675)
The latest numbers and how George W. Bush stacks up.
March 4, 2005
Minimizing Economic Opportunity by Raising the Minimum Wage
By Tim Kane, Ph.D.
(WebMemo #676)
Raising the minimum wage would cost unskilled workers jobs.
February 4, 2005
Bush's First-Term Record on Job Growth
By Tim Kane, Ph.D.
(WebMemo #647)
Did the economy create jobs during President George W. Bush's first term?
January 28, 2005
The Big Picture on GDP Growth
By Tim Kane, Ph.D.
(WebMemo #644)
How sure are you that the new economy was a mirage? With the release of fourth quarter GDP data for 2004 today, there may be ...
January 7, 2005
Here's to a Good Year: A Look at Employment Gains in 2004
By Alison Acosta Fraser and Rea S. Hederman, Jr.
(WebMemo #634)
It was a very good year.
December 21, 2004
Medical Leave Regulations Should Reflect Intent Behind FMLA
By Paul Kersey
(WebMemo #626)
DOL's FMLA regulations allow abuse and should be fixed.
December 3, 2004
Jobs Gap Defies Expectations
By Alison Acosta Fraser, Tim Kane, and Rea Hederman
(WebMemo #616)
Today's job report issued by the Bureau of Labor Statistics is still more evidence of an expanding economy, with job growth exceeding 100,000 for the ...
December 3, 2004
After Overtime, Now What?
By Paul Kersey
(WebMemo #617)
One of the most important stories lost in the last-minute rush to pass a budget last month was what Congress did not do: In spite ...
November 5, 2004
The Post-Election Employment Picture
By Tim Kane, Ph.D., and Rea Hederman
(WebMemo #603)
The employment numbers released today confirm again that labor markets are healthy. The labor force is 147.9 million strong, a record high.
October 29, 2004
Past. Present! Future? Economic Growth in America
By Tim Kane, Ph.D., and Rea Hederman
(WebMemo #601)
This paper looks forward at how the two parties' radically different plans may affect growth and prosperity.
October 21, 2004
Scorecard on the Economy: A Guide for Policymakers
By Tim Kane, Ph.D., Andrew Grossman, Rea S. Hederman, Jr., and Kirk A. Johnson, Ph.D.
(Center for Data Analysis Report #04-10)
More than 1.5 million payroll jobs, and nearly 2 million jobs on the household survey, added over the past year; high output, manufacturing outlook, business ...
October 13, 2004
Insource More Jobs by Raising the H-1B Visa Cap
By Kirk A. Johnson, Ph.D.
(WebMemo #585)
Letting highly skilled workers into the U.S. is a smart policy.
October 8, 2004
Jobs: The Ultimate Pocketbook Issue
By Tim Kane, Ph.D., and Rea Hederman
(WebMemo #584)
A pleasant last look at employment before the election.
October 7, 2004
Framing the Economic Debate
By Tim Kane, Ph.D., Rea S. Hederman, and Kirk Johnson, Ph.D.
(WebMemo #582)
A statistic-rich summary of the state of the economy.
October 6, 2004
Revising the Payroll Survey Benchmark: What To Expect
By Tim Kane, Ph.D.
(WebMemo #581)
Will an annual adjustment to the payroll survey send job numbers soaring?
September 23, 2004
One Cheer for the Tax Extender Package
By Rea S. Hederman, Jr.
(WebMemo #572)
Congress will soon vote on extending several tax cuts. A good move, but there's more yet to do.
September 3, 2004
A Labor Day Report Card
By Tim Kane, Rea Hederman, and Alison Acosta Fraser
(WebMemo #560)
The jobs market looks great today. Look back over the last year, and the picture is even better.
August 6, 2004
A Problem with Payrolls?
By Tim Kane, Ph.D., and Rea Hederman
(WebMemo #550)
Fundamentally, the employment situation in America is solid, but payroll job growth is out of line with a host of positive indicators.
July 30, 2004
GDP, Trade, and the Gods of Economic Statistics
By Tim Kane, Ph.D.
(WebMemo #546)
It is too easy to take progress for granted, and the expectation of constant improvement clouds appreciation for what the American economy has achieved.
July 21, 2004
The 2003 Tax Cuts and the Economy: A One-Year Assessment
By Bill Beach, Rea Hederman, Tim Kane
(WebMemo #543)
All across the economic spectrum, JGTRRA left its tracks.
July 14, 2004
Closer Examination, Fewer Changes: A Rebuttal of EPI's White Collar Exemption Analysis
By Paul Kersey
(WebMemo #536)
The Economic Policy Institute says the new overtime regulation threatens the overtime protection of millions of workers. EPI's analysis is flawed.
July 2, 2004
Flexibility, Quality, and Numbers: The Job Market Is More Than on Track
By Tim Kane, Ph.D.
(WebMemo #527)
Today's employment situation report from the Labor Department is more proof that the job market is solidly on track.
June 30, 2004
Questions and Answers About Inflation
By Norbert Michel and William Beach
(WebMemo #526)
This paper provides a basic guide to inflation—what it is, how it works, and how the Fed tries to manage it
June 30, 2004
How Good Are the New Jobs?
By Tim Kane, Ph.D.
(Backgrounder #1773)
America is enjoying a jobs boom, with 1.4 million new jobs over nine straight months of payroll growth, but the real story lies in a ...
June 4, 2004
Jobs Momentum In May
By Bill Beach, Tim Kane, and Rea Hederman
(WebMemo #515)
Employment in America continues to expand strongly and steadily.
May 24, 2004
Michigan Leads a National Jobs Boom
By Rea Hederman and Tim Kane, Ph.D.
(WebMemo #510)
This month's state data release confirms that the national expansion in jobs is widespread across all sectors and all regions.
May 24, 2004
Pumping Gas: What Consumers See Is Different Than What They Get
By Charli Coon
(WebMemo #511)
Is gas is much more expensive than it has been in the past? Not really.
May 13, 2004
Myths and Realities: The False Crisis of Outsourcing
By Tim Kane, Ph.D., Brett D. Schaefer, and Alison Acosta Fraser
(Backgrounder #1757)
Outsourcing is a new variant of the myth that capitalism is good for capital at the expense of labor. Rather than relying on protectionism, Congress ...
May 7, 2004
April Jobs Report: It's All Good
By Tim Kane, Rea Hederman, and Alison Acosta Fraser
(WebMemo #499)
On its face, the April jobs report released today by the Labor Department looks good, but the details look even better.
May 5, 2004
Federal Spending Creates Few Jobs, Less Value
By Ronald D. Utt, Ph.D.
(WebMemo #497)
Most studies find that federal spending creates few job.
May 5, 2004
Ready to Compete: The Link Between Productivity, Jobs, and Wages
By Paul Kersey
(WebMemo #498)
Americans workers are producing more goods per hour of work and boosting their own incomes in the process.
April 29, 2004
First Quarter GDP: Above Average Again
By Rea S. Hederman, Jr., and William Beach
(WebMemo #493)
Today's numbers may presage employment growth, and they are just the latest evidence of the power of the President's tax cuts.
April 27, 2004
The Real Story on "Stagnant" Wages
By Tim Kane, Ph.D.
(WebMemo #491)
Now that payroll jobs are growing, economic skeptics are falling back on a new line of defense: "stagnant" wages.
April 23, 2004
Promoting Global Economic Freedom at the G-7 Meetings to Secure Future Growth
By Brett D. Schaefer, Balbina Y. Hwang, and Tim Kane
(WebMemo #490)
European- and Japanese-style government intervention is a barrier to growing prosperity
April 21, 2004
When Would the President's Tax Cuts Expire?
By Andrew M. Grossman
(WebMemo #486)
Descriptions of all that tax cuts that will expire between 2004 and 2011 unless Congress takes action.
April 21, 2004
Extending Unemployment Insurance: Three Simple Charts Against
By Paul Kersey and Tim Kane, Ph.D.
(WebMemo #487)
Although the perception of weakness in the labor market has led to calls for another extension of temporary unemployment insurance (UI) benefits, this is a ...
April 16, 2004
The Economic Lessons of President Hoover
By Tim Kane, Ph.D.
(WebMemo #482)
Some charge that President Bush has "the worst economic record since Herbert Hoover." Is that true?
April 16, 2004
How Would Senator Kerry's Tax Proposals Affect the Economy?
By William W. Beach
(WebMemo #483)
The net effect of Kerry's tax plan is a slower economy and job creation significantly below potential.
April 2, 2004
Strong Employment Growth in March
By Tim Kane, Ph.D., and Alison Acosta Fraser
(WebMemo #468)
Today's release by the Bureau of Labor Statistics is a strong one and should lay to rest any remaining doubts about the strength of the ...
April 1, 2004
What's Really Happening with Jobs and Outsourcing?
By Alison Acosta Fraser
(Heritage Lecture #827)
Many proposed "solutions" to outsourcing and the current false perception of job loss are forms of trade isolationism that will not work, but policies like ...
April 1, 2004
Ten Myths about Jobs and Outsourcing
By Tim Kane, Brett D. Schaefer, and Alison Acosta Fraser
(WebMemo #467)
America's workers deserve a more informative, less partisan debate on outsourcing. The negative impact of outsourcing on the economy and American employment has been greatly ...
March 25, 2004
The Myth of a Jobless Recovery
By Tim Kane, Ph.D.
(Executive Memorandum #917)
The economy's alleged failure to create jobs is an illusion that stems from the Bureau of Labor Statistics' payroll survey, which overcounts the jobs of ...
March 24, 2004
Will the Real Unemployment Rate Please Stand Up?
By Tim Kane, Ph.D.
(WebMemo #456)
Even pessimists know that a 5.6 percent unemployment rate is close to what economists consider the "natural" rate of unemployment. So where are all those ...
March 18, 2004
Extending Unemployment Benefits: Wrong Solution to the Wrong Problem
By Paul Kersey
(WebMemo #450)
Extending unemployment benefits would not address the underlying causes of sluggish job growth and, at worst, could make the problem of unemployment worse.
March 5, 2004
Employment, Unemployment, and the Puzzle of Payroll Anemia
By Alison Acosta Fraser and Rea S. Hederman, Jr.
(WebMemo #440)
Is this really a "jobless recovery?" Or is a fundamental restructuring in several sectors of the economy changing the rules of game, for the overall ...
March 4, 2004
Diverging Employment Data: A Critical View of the Payroll Survey
By Tim Kane, Ph.D.
(Center for Data Analysis Report #04-03)
Policymakers and analysts should treat payroll data with caution when making comparisons to employment levels in earlier years. Because the best measure of job growth ...
February 27, 2004
Fourth Quarter GDP: Economic Growth and Ungrateful Economists
By Tim Kane, Ph.D.
(WebMemo #435)
Commerce revised the GDP growth from the fourth quarter of 2003 upwards to 4.1 percent. On any scale, that's strong growth and anything but "stagnant." ...
February 13, 2004
Emergency Unemployment Benefits Not Needed as Economy Recovers
By Paul Kersey
(Executive Memorandum #914)
Economic indicators suggest that a recovery is underway, and that recovery is beginning to affect the job market. With jobs becoming more and more available, ...
February 6, 2004
Increased Investment Pushes January Job Growth
By William W. Beach, Alison Acosta Fraser, Rea S. Hederman, Jr., and Tim Kane
(WebMemo #416)
The President's pro-growth economic plan – and his tax cuts, especially – contributed to last month's increase in employment.
February 5, 2004
The President's 2005 Budget: Permanent Tax Cuts and a More Prosperous Future
By William W. Beach
(WebMemo #415)
The President has proposed one of the most far-reaching economic growth plans in the past 30 years. Congress should not squander this chance for a ...
February 3, 2004
Tax Cuts Boost Business Investment
By Rea S. Hederman, Jr.
(WebMemo #412)
Congress should make pro-growth tax cuts—and especially the provision for "bonus" depreciation, which expires at the end of 2004—permanent to ensure continued prosperity.
February 3, 2004
Jobs Picture Brightening: Unemployment Drops in 38 States
By Rea S. Hederman, Jr.
(WebMemo #412)
From January 2003 to January 2004, the unemployment rate dropped in four out of five states, and almost every region saw an increase in the ...
January 30, 2004
Strong GDP Growth Continues in the Fourth Quarter
By Tim Kane, Ph.D.
(WebMemo #408)
Driving strong fourth quarter performance was continued strong investment, proof that recent investment-related tax cuts are doing much good.
January 28, 2004
The American Workforce: Strong Facts Trump Weak Myths
By Tim Kane, Ph.D.
(WebMemo #406)
Skeptics attribute lower unemployment to growing ranks of "discouraged workers" leaving the labor force, but that scenario doesn't fit the data.
January 9, 2004
Unemployment Report: Manufacturing Down, Service Up; Long Term Trends Still Positive
By William W. Beach, Alison Acosta Fraser and Rea S. Hederman Jr.
(WebMemo #388)
Today's employment report is not good. But there is still reason for Americans to be optimistic. It also reveals some longer-term, positive employment trends.
January 9, 2004
Tracking the Long-Term Unemployed and Discouraged Workers
By Rea S. Hederman Jr.
(WebMemo #389)
As the number of unemployed workers in the labor force continues to decline, the focus on discouraged workers and other individuals marginally attached to the ...
December 5, 2003
Strong Economic Growth Continues
By Rea S. Hederman, Jr.
(WebMemo #379)
The November employment report -- continuing the string of good economic news -- shows increasingly strong economic growth with low inflation and remarkably high worker ...
December 5, 2003
The Beat Goes On: Unemployment Drops
By William W. Beach, Alison Acosta Fraser and Rea S. Hederman Jr.
(WebMemo #380)
For the first time since March the unemployment rate is below 6 percent. Widespread evidence suggests this economic growth will continue throughout 2004 and probably ...
November 7, 2003
Have the Tax Cuts Saved America from Eurosclerosis?
By Ronald D. Utt, Ph.D.
(Backgrounder #1702)
With several European governments (notably France and Germany) now realizing that holding the line on tax increases is not enough and that tax cuts are ...
November 7, 2003
Tax Cuts Working: Over 1 Million New Jobs
By William W. Beach and Rea S. Hederman Jr.
(WebMemo #363)
The announcement by the Bureau of Labor Statistics that employment has grown by 126,000 in October and by nearly as much in September marks the ...
November 3, 2003
Jobs Creation Act: Original Bill Provides Most Growth
By William W. Beach and Alfredo Goyburu
(WebMemo #359)
The American Jobs Creation Act of 2003 that was sent to the full House on October 28 is an anemic, willowy version of the original ...
October 17, 2003
The Economic Effect of Reversing Part of the Bush Tax Cuts
By Rea Hederman and Al Goyburu
(WebMemo #351)
Calls to reverse the 2001 and 2003 Bush tax cuts have been increasing in number. Congress should reject any new legislation that would delay or ...
May 23, 2003
Economic Impact Analysis of the Jobs and Tax Relief Reconciliation Act of 2003
By William W. Beach, Alfredo Goyburu, and Rea S. Hederman
(WebMemo #281)
The Jobs and Growth Tax Relief Reconciliation Act of 2003 that the House and Senate passed on May 23 contains some strong pro-growth elements, specifically ...
May 19, 2003
How the House and Senate Can Produce the Most Pro-Growth Tax Bill
By Rea S. Hederman and Alfredo Goyburu
(WebMemo #277)
The House and Senate leadership currently has before it three options for cutting taxes and advancing economic growth: the tax legislation recently passed in the ...
May 14, 2003
Senate Dividend Plan Ineffective and Counterproductive
By Norbert Michel
(WebMemo #272)
Supporters of dividend tax relief have argued that eliminating this double taxation would lower companies' cost of capital, thus increasing corporate investment and, therefore, additional ...
May 7, 2003
Jobs and Growth Tax Act of 2003: Highlights of the CDA's Analysis of Chairman Thomas's Tax Legislation
By The Heritage Foundation
(WebMemo #271)
The Center for Data Analysis (CDA) at The Heritage Foundation has produced estimates of how much the Jobs and Growth Act of 2003 would boost ...
April 30, 2003
Creating the Most Growth: Picking the Right Tax Cuts
By Rea Hederman
(WebMemo #268)
While a tax bill at only $350 billion greatly reduces the potential for economic growth under the President's original plan, higher levels of economic growth ...
April 1, 2003
Senate's Adoption of Breaux Amendment Means Fewer Jobs and Less Economic Growth
By Rea Hederman
(WebMemo #244)
The Heritage Foundation's Center for Data Analysis uses the DRI/WEFA U.S. macro econometric model to simulate the differences between the two proposals.
March 21, 2003
Nine Simple Guidelines for Pro-Growth Tax Policy
By Daniel J. Mitchell, Ph.D.
(Executive Memorandum #867)
To ensure that national income increases and to encourage the efficient use of national resources, lawmakers should focus on fiscal policy options that improve incentives ...
February 17, 2003
The President's Economic Growth Plan Contains Benefits for All Americans
By William W. Beach
(WebMemo #210)
The President has proposed tax policy changes that can be analyzed using a model of the U.S. economy.
January 23, 2003
Death Taxes: Killing the Economy
By William W. Beach
(WebMemo #189)
Death taxes seriously impede job creation and wage growth for Americans who will never have to file a federal estate tax form.
January 16, 2003
Tax Cuts: Rhetoric v. Reality
By Andrew Olivastro
(WebMemo #188)
Brief description of what the economy needs vs. what Americans want.
May 31, 1996
How Government Wastes Your Money: Report #1
By Utt, Ronald
(FYI #105)
May 30, 1996
Clinton's Unbalanced Federal Employment Policy
By Spring, Baker; Barry, John S.
(Backgrounder Update #278)
February 12, 1996
Worst Case Scenario: Flat Tax Would Boost Home Values by 7 Percent or More
By William W. Beach and Daniel J. Mitchell
(FYI #87)
Last year, the National Association of Realtors hired Data Resources Inc./McGraw-Hill, a leading economic firm, to analyze the economic effects of a flat tax. The ...
February 12, 1995
The Reinvented Community Reinvestment Act
By Scott, Hal S.
(Heritage Lecture #516)
June 3, 1994
Two Cheers for the Banking Reform Bill
By England, Catherine
(Issue Bulletin #190)
July 19, 1993
Shaping America's Economic Course
By Kemp, Jack
(Heritage Lecture #451)
February 9, 1993
Increased Government Spending: A Recipe for Economic Stagnation, Not Stimulus
By Mitchell, Daniel J.
(Executive Memorandum #351)
September 28, 1992
The Ten Percent Taxpayer Checkoff: Breaking Special Interest Budget Gridlock
By Mitchell, Daniel J.
(Issue Bulletin #177)
April 20, 1992
A Blueprint for Economic Expansion from Alaska to Antarctica
By Mulford, David C.
(Heritage Lecture #375)
March 12, 1992
Why Austrian Economics Matters Rockwell
By Llewellyn, Jr.
(Heritage Lecture #368)
January 21, 1992
Cable TV: Restraining Prices by Competition, Not Re-Regulation
By Laffer, William G.
(Executive Memorandum #319)
December 13, 1991
Economic Shock Therapy: Lessons for Russia from Eastern Europe
By Eggers, William D.
(Backgrounder #870)
November 26, 1991
H.R. 2900 — Does It Reduce the Risk of Fannie Mae anil Freddie Mac Failure?
By Horowitz, Carl F.
(Issue Bulletin #168)
November 6, 1991
Making America More Competitive with Foreign Investment
By Johnson, Bryan T.
(Backgrounder #864)
September 30, 1991
A Guide to Current Banking Reform Legislation
By Laffer, William G. III
(Issue Bulletin #167)
July 8, 1991
A Message to the New World Bank President
By Johnson, Bryan T.
(Backgrounder #838)
March 27, 1991
A Twelve-Step Program to Cure Spend-aholism
By Hudgins, Edward L.
(Backgrounder #819)
September 5, 1990
A Six-Plank Platform to Save the Economy from Recession
By Mitchell, Daniel J.
(Backgrounder #788)
June 28, 1990
The Six Trillion Dollar Debt Iceberg; A Review of the Government's Risk Exposure
By Utt, Ronald
(Backgrounder #774)
June 1, 1990
Creative Investment in the Black Community
By Prype, Paul L. Jr.
(Heritage Lecture #265)
May 1, 1990
On Teaching Business Ethics
By Machan, Tibor .R.
(Heritage Lecture #253)
January 1, 1990
The S&L Debacle": What Taxpayers Should Know
By Adams, James Ring; Brooks, Warren T.
(Heritage Lecture #287)
September 22, 1989
Why the World Bank Should Read Its Own Report
By Hudgins, Edward L.; Johnson, Bryan T.
(Backgrounder #727)
July 20, 1989
Should Americans Be Worried About Foreign Investments in the U.S.?
By Whalen, Christopher
(Backgrounder #720)
May 5, 1989
Europe 1992: Ensuring a Fair Deal for the U.S.
By McCollough, Wendell H. Jr.
(Backgrounder #706)
April 10, 1989
Reducing Third World Debt: Private vs. Public Strategies
By Tammen, Melanie S.
(Backgrounder #699)
March 16, 1989
Beyond the Bailout: Long-Term Solutions to the Crisis in Federal Deposit Insurance
By Butler, Henry N.
(Backgrounder #696)
February 16, 1989
Ten Myths About Leveraged Buyouts
By Humbert, Thomas M.
(Backgrounder #691)
January 27, 1989
Only Structural Reform Can Solve the Long-Term Savings and Loan Crisis
By Gattuso, James L. ; Joel, Dana
(Backgrounder Update #92)
September 28, 1988
Subsidizing Tragedy: The World Bank and the New Colonialism
By Deressa, Yonas
(Heritage Lecture #170)
September 12, 1988
The Depository Institutions Act of 1988: Replacing Handcuffs with Leg Irons
By Buttarazzi, John E.
(Backgrounder Update #86)
August 31, 1988
Gaining Ground: The Meaning of the New Income Statistics
By O'Beirne, Kate Walsh
(Backgrounder Update #84)
August 26, 1988
The International Finance Corporation: The World Bank's Private Sector Fraud
By Bovard, James
(Backgrounder #668)
August 19, 1988
U.S. Income Data: Good Numbers Hiding Excellent News
By O'Beirne, Kate Walsh
(Backgrounder #667)
May 27, 1988
How to Take Savings and Loans Off the Sick List
By Gattuso, James L. ; Buttarazzi, John E.
(Backgrounder Update #77)
May 23, 1988
World Bank Snookers U.S. Congress Again
By Tammen, Melanie S.
(Backgrounder #649)
May 10, 1988
The World Bank MIGA Scheme: Keeping Poor Countries Poor
By Bovard, James
(Executive Memorandum #199)
April 27, 1988
The Senate's New Banking Bill: A Timid Reform
By Ferrara, Peter J.; Buttarazzi, John E.
(Issue Bulletin #140)
March 9, 1988
Curing Postal Service Ills by a Dose of Competition
By Moore, Stephen
(Backgrounder Update #72)
February 11, 1988
Tinkering with Antitrust Law, Congress Threatens Consumers and Competitiveness
By Gattuso, James L.
(Issue Bulletin #137)
October 23, 1987
At the Economic Summit: The Key Topic Must Be Spending
By Butler, Stuart M.
(Executive Memorandum #179)
September 29, 1987
Corporate Takeovers: What Is the Federal Role?
By Buttarazzi, John E.
(Backgrounder #606)
March 24, 1987
The Anti-Competitive Competitive Banking Bill
By Buttarazz, John E.
(Executive Memorandum #155)
March 14, 1987
Reaganomics and Conservatism's Future: Two Lectures in China
By Pines, Burton Yale
(Heritage Lecture #95)
March 1, 1987
Anchoring the International Monetary System
By Heller, H. Robert
(Heritage Lecture #94)
November 18, 1986
Why Chile Merits a World Bank Loan
By Hannon, Esther Wilson
(Backgrounder #547)
October 28, 1986
Cashing in on the Federal Quarter-Trillion Dollar Loan Portfolio
By Buttarazzi, John E.
(Backgrounder #541)
October 22, 1986
Why the Soviets Do Not Belong at the World Bank
By Hudgins, Edward L.
(Executive Memorandum #137)
September 14, 1986
The Economic Outlook for 1987, A Supply-Side View
By Bartlett, Bruce
(Heritage Lecture #71)
August 13, 1986
Confronting the Savings and Loan Industry Crisis
By Ely, Bert
(Issue Bulletin #126)
April 4, 1986
Barber Conable at the World Bank: New Hope for World Economic Growth
By Bartlett, Bruce
(Backgrounder #501)
October 22, 1985
Preparing for the Post-Volcker Era at the Fed
By Fand, David I.
(Backgrounder #464)
September 24, 1985
The U.S. as a Debtor Nation: What It Really Means
By Hudgins, Edward L.
(Executive Memorandum #92)
May 13, 1985
Helping Small Business by Abolishing the Small Business Administration
By Hudgins, Edward L.; Moore, Stephen
(Backgrounder #432)
May 1, 1985
Searching for a Monetary Strategy for an Expanding Economy
By Fand, David I.
(Backgrounder #428)
April 23, 1985
Why Auto Mileage Rules Should Be Relaxed
By Copulos, Milton R.
(Backgrounder #426)
March 22, 1985
The Ohio Banking Crisis: Who's to Blame?
By Gattuso, James L.
(Executive Memorandum #77)
January 11, 1985
Thirteen Myths of a Strong Dollar
By Hudgins, Edward L.
(Backgrounder #403)
December 20, 1984
Shutting Down the SBA Would Help Small Business
By Hudgins, Edward L.
(Executive Memorandum #70)
November 20, 1984
Enterprise in Orbit: The Commercial Potential of Space
By Copulos, Milton R.
(Backgrounder #392)
September 21, 1984
An Agenda for the IMF Conference
By Hudgins, Edward L.
(Backgrounder #381)
June 28, 1984
How to Avoid Another Banking Crisis
By England, Catherine
(Backgrounder #363)
December 23, 1983
Improving Patents to Spur Innovation
By Copulos, Milton R.
(Backgrounder #318)
December 21, 1983
The Reconstruction Finance Corporation's Murky History
By Nardinelly, Clark
(Backgrounder #317)
December 20, 1983
A New Reconstruction Corp. : No Cure for U.S. Economic Ills
By McKenzie, Richard B.
(Backgrounder #316)
August 26, 1983
How to Cure America's Capital Anemia
By Humbert, Thomas M.
(Backgrounder #286)
February 28, 1983
H.R.500/S.222: Unleashing America's Savers and Investors
By Humbert, Thomas M.
(Executive Memorandum #15)
January 17, 1983
Reaganomics: Making Gains
By Humbert, Thomas M.
(Backgrounder #239)
April 30, 1982
The Brandt Commission: Deluding the Third World
By Scully, William L.
(Backgrounder #182)
March 26, 1982
The Case for Banking Deregulation
By England, Catherine
(Backgrounder #174)
November 2, 1981
Voluntarism and the Reagan Economic Program
By Butler, Stuart M.
(Backgrounder #155)
October 15, 1981
Adjusting the Consumer Price Index
By Germanis, Peter G.
(Backgrounder #152)
September 19, 1981
The Attack on the Corporation
By Poole, William T.
(Institutional Analysis #15)
February 27, 1981
An Analysis of the Reagan Economic Program
By Germanis, Peter G. ; McAllister, Eugene J. ; Raboy
(Backgrounder #134)
April 11, 1980
A Fiscal Approach to Inflation and Growth
By McAllister, Eugene J.
(Backgrounder #115)
October 25, 1978
An Analysis of the Carter Anti-Inflation Program
By McAllister, Eugene J.
(Backgrounder #67)
September 25, 1978
Tax-Based Income Policy: Latest Approach to Wage and Price Controls
By Chalk, Andrew
(Backgrounder #65)
November 28, 1977
National Flood Insurance: The End of a Partnership?
By Ascik, Thomas R.
(Backgrounder #43)
July 11, 1977
Consumer Communications Reform (H.R.8, S.30)
By Williams, David A.
(Issue Bulletin #14)
Confronting Third World Debt: The Baker and Bradley Plans
By Goldman, Morris B.
(Backgrounder #559)
How World Bank Bailouts Aid East European Regimes
By Kalabinski, Jacek
(Heritage Lecture #173)
July 20, 2009
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