Even with the President’s desired tax hikes, publicly held debt would rise by $7.7 trillion in 10 years under the President’s budget. That’s right: Our federal debt would continue growing even if the President gets his way completely in the fiscal cliff negotiations. Until the debate focuses on reining in …
President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to …
As the fiscal cliff approaches, Congress and President Obama continue to debate tax increases, even though spending is the problem. Investor Warren Buffett recently opined that tax hikes on the wealthy would not curtail investments or hurt the economy. His logic, like President Obama’s, assumes that incentives don’t matter. Oh …
The Palestinian Authority, which has been pushing to be recognized as a state in the United Nations, has won a symbolic victory—an upgrade of its status. Despite the fact that the Palestinian push for unilateral statehood violates all existing internationally agreed frameworks for negotiating a peace between Israel and the …
President Obama recently signed legislation that prevents the European Union (EU) from taxing U.S. airline emissions for planes that travel to and from EU countries. Although the EU announced it would delay the tax from its broader cap-and-trade-like system for a year, the new law protects U.S. airlines from the …
Just weeks after his October presidential electoral victory, Hugo Chavez is returning to Cuba for unspecified cancer treatment. The brief announcement of his return appears to contradict Chavez’s campaign reassurances that he had conquered cancer. Prior to the October 7 elections, Chavez, president since 1999, did all in his power …
A new policy statement from the American Academy of Pediatrics (AAP) has some parents and physicians concerned—and rightly so. The statement recommends that pediatricians counsel adolescent patients on some of the most commonly used forms of “emergency contraception” in the U.S., specifically recommending that all teenagers receive counseling and advance …
