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  • Monthly Archives: December 2012

    Coverdell Education Savings Accounts to Be Thrown from Fiscal Cliff?

    alphabet-chalkboard

    Lost in the fiscal cliff discussion has been any hint of whether Coverdell Education Savings Accounts (ESAs) will be permitted to continue in their current form. As it stands, beginning January 1, parents will no longer be able to use these accounts for expenses for kindergarten through high school without … More

    Morning Bell: What Will the Fiscal Cliff Deal Look Like?

    Speaker John Boehner and President Obama

    This week, President Obama and House Speaker John Boehner (R-OH) have been trading secret offers on the fiscal cliff. Last night, they met for nearly an hour, and emerged with zipped lips about what progress—if any—they made on averting tax hikes across the board and automatic, deep budget cuts that … More

    12 Days of Obamacare Surprises: The Individual Mandate

    Photo: Garry Gay/Stock Connection Worldwide/Newscom

    Not all surprises are good. When it comes to Obamacare, the original projections are turning into unfortunately different realities. For the next 12 days, Heritage is going to highlight one of the various changes in Obamacare projections (i.e. cost, enrollment, etc.) from when the law first passed until now. One … More

    Blowing More Taxpayer Money for Offshore Wind

    windfarm090914

    Much of the debate over wind subsidies this past year has been over the extension of the wind production tax credit. But even if the subsidy expires at the end of the year (as it is supposed to), that does not mean all wind subsidies are disappearing, even though they … More

    How Sequestration Budget Cuts Could Affect U.K. Defense

    President Barak Obama leaves 10 Downing street after breakfast talkes with Prime Minister Gordon Brown on the morning of the G20 Summit in London 1st April 2009

    If sequestration becomes a reality in January 2013, the Department of Defense (DOD) will cut another $500 billion from an already slashed defense budget. These cuts are likely to negatively affect many American allies—especially the United Kingdom. Here are two programs that London should watch carefully: 1. The Short Take … More

    Happy Birthday to the Minutemen

    Photo: Stan Honda/AFP/Getty Images

    Today marks the birthday of the National Guard, our nation’s oldest force. The brave men and women of the Army and Air Force National Guard are the descendants of the men and boys who rallied to Lexington and Concord to fire “the shot heard ’round the world.” They are every … More

    Washington, D.C., Union President Convicted, Faces 183 Years in Prison

    unions-strong

    The founder and president of a private security officers’ union in Washington D.C. was convicted last week of 18 different federal offenses. He faces a maximum of 183 years in prison and $2.1 million in fines. A jury ruled on September 5 that Caleb Gray-Burriss, founder and president of the National Association … More

    A Win for Religious Freedom in Illinois

    pharmacist consults with young woman

    On Tuesday, the state of Illinois declined to appeal a recent loss in the Illinois Court of Appeals, which ruled in late September that the state cannot force pharmacists and pharmacies to stock and dispense abortion-inducing drugs in violation of their religious beliefs. The Illinois Attorney General’s decision marks the … More

    Medicare Cuts vs. Medicare Reform

    Photo: Newscom

    As the discussions over the fiscal cliff continue, the debate over entitlement reform is getting confused. The issue is not only how much savings constitutes reform, but also the underlying policies that get you there. Thus far in the fiscal cliff negotiations, Republicans have pushed for greater spending cuts, namely … More

    Fiscal Cliff: Is Heritage Inconsistent?

    heritage_new_facade

    Menzie Chinn took to the blog Econbrowser last Thursday to accuse conservative economists in general – and The Heritage Foundation in particular – of being inconsistent, since we did not share his optimism about the benefits of the 2009 stimulus, but we’ve warned of the danger of the fiscal cliff. … More