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  • Obama Fiscal Cliff Plan Silent on Payroll Tax Cut

    This time last year President Obama said of the pending expiration of the payroll tax cut, “It may be that there’s [sic] some folks in the House who refuse to vote for this compromise because they don’t think that 40 bucks is a lot of money. But anyone who knows … More

    Hurricane Sandy Relief: Billions Spent on Transportation

    Transportation agencies and programs including the Federal Highway Administration, the Federal Aviation Administration (FAA), Amtrak, and other transit stand to benefit handsomely from the Senate’s $60.4 billion Hurricane Sandy spending bill, which it will consider this week. Though cast as disaster relief, much of the bill’s spending would not reach … More

    Tax Increases Won't Solve Washington's Spending Problem

    “We make some tough spending cuts on things that we don’t need; and then we ask the wealthiest Americans to pay a slightly higher tax rate. And that’s a principle I won’t compromise on.” At yesterday’s fiscal cliff campaign stop in Redford, Michigan, President Obama delivered these remarks and hammered … More

    Powerball Jackpot Taxes: How Much Government Would They Pay For?

    The two lucky winners of the Powerball jackpot are a part of Powerball history. Of course, the winnings are subject to federal taxes, making the spoils a little less sweet. But since the President wants to tax the wealthy, let’s see how much taxing these new multimillionaires buys us in … More

    Lesson for Warren Buffett: British Millionaires' Response to Tax Increases

    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 … More

    Fiscal Cliff: Where Are Your Spending Cuts, Mr. President?

    The fiscal cliff debate has centered on talk of raising taxes on high-income Americans. The silence on spending cuts has been deafening. On Monday, as if on cue, came investor Warren Buffett’s rehashed—albeit flat-out wrong—proposal to raise taxes on the wealthy. Even though the Obama Administration has said both sides … More

    How to Explain the Entitlement Spending Crisis to Kids

    In a new video parodying Dr. Seuss’s whimsical style, the American Enterprise Institute puts the problem of growing entitlement program spending in a form elementary school kids can understand. It’s a good thing, too, because their generation will be burdened with paying for this skyrocketing spending if Congress and the … More

    The Smiths Go to Washington - and Spend Too Much

    Meet the fictitious Smith family, whose budget woes bear a striking resemblance to those of the federal government. As this new video released by the Republican Study Committee describes, the Smith family’s problem is that they spend way beyond their means. As a result, they have racked up a hefty … More

    What's Scary: Federal Spending Per Household

    On this Halloween, ghastly, ghoulish garb and haunted houses aren’t the only sources of spookiness in Washington. Americans across the country have cause for alarm, because the federal government spent a spine-chilling $29,691 per household in 2012. As The Heritage Foundation’s “Federal Spending by the Numbers—2012” shows, federal spending per … More

    Debate Analysis: Women's Pay Statistics Misleading

    When a questioner at Tuesday’s presidential debate stated that women make only 72 cents for every dollar that men make, both President Obama and Governor Mitt Romney agreed. Not so fast. This figure is highly misleading. The statistic comes from a Census Bureau report (see figure 2 here) comparing the … More