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  • A Tax Report in Search of the Economy

    On May 25, the Fiscal Analysis Initiative of Pew’s Economic Policy Group published an overview of what might happen to the federal government’s annual deficits should the tax relief of 2001 and 2003 be allowed to expire, be extended through 2012, or be made permanent. As readers may know, all … More

    The Growth of Dependency on Government Threatens the Future of American Democracy

    Today marks the seventh year that we have published the Index of Dependence on Government. And, for seven years running, our Index shows growing dependence. The Index now stands at 240, up from a value of 19 in 1962, or a nearly 13 fold increase since the Kennedy administration. The … More

    "Mostly Free" Means Fewer Jobs, Less Money for Millions in U.S.

    This year’s Index of Economic Freedom contains the unsettling news that the United States has dropped out of the exclusive club of free economies and is graded “mostly free” for the first time in the Index’s 16-year history. The United States’ Index score dropped from last year’s 80.7 to this … More

    Non-Profits Shouldn’t Fight to Save Their Tax Subsidies

    Congress soon will seal the fate of federal death taxes. If Congress acts by doing nothing, then the federal tax rate on estates will fall to zero for all of 2010 before rising to 55 percent on January 1, 2011. That’s current law. On the other hand, it could pass … More

    Congress Should Require White House Disclosure of Updated Economic and Budget Forecasts

    The White House announced this morning that it would be delaying release of updated financial and economic forecasts until the middle of August. In other words, its usual mid-July update of key forecasts for policy makers will not be published in time for expected House and Senate votes on health … More

    Will the Poor Pay for Health Care Reform?

    Peter Orszag, Director of the Office of Management and Budget for President Obama, responded Friday to critics of the administration’s proposal to reduce the amount of charitable contributions that high-income taxpayers can deduct. Many tax analysts, including this writer, argued that such a reduction would deplete much needed resources from … More

    Obama Tax Proposals: Danger Ahead for Charities and Civil Society

    Here’s a test: Guess who made most of the charitable contributions in 2006, according to the most recent data available from the Internal Revenue Service? If you guessed “taxpayers with high incomes”, you’d win the prize. Now, guess which class of taxpayers the Obama administration wants to discourage from making … More

    Inflation Threats on the Horizon

    Hardly any Washington policymaker is worrying about inflation right now. Who blames them? The economy continues to contract; prices are falling, not rising; and, President Barack Obama speaks about years, not months, before things are better. Inflation seems about as remote right now as, well, a good return on your … More

    'We're Spending More Than Ever and It Doesn't Work'

    “We have tried spending money. We are spending more than we have ever spent before and it does not work.” Sound like, oh, Rep. John Boehner of Ohio or some other exasperated Republican stalwart lamenting proposals to spend our way out of the recession? Listen again: “I want to see … More

    Heritage Center for Data Analysis Makes Its Way Into Palin's Speech

    In several recent speeches by Sarah Palin, she has cited an analysis of Barack Obama’s tax plan prepared by the Center for Data Analysis (CDA), a research division of The Heritage Foundation. I direct the CDA and posted the new analysis last week. We used a model of the U.S. … More