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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
