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  • Speaker Boehner Plans to Stop Taxmageddon Train Wreck

    House Speaker John Boehner (R–OH) announced yesterday that the House is gearing up to vote prior to the November election on extending all of the tax provisions scheduled to expire at the end of the year. This is welcome news, given the necessity of swiftly steering this tax policy train … More

    Federal Budget in Pictures Shows Medicare’s Path to Crisis

    The Medicare trustees report, released this week, reinforced the urgent need to reform the federal health insurance program for seniors. Medicare is on an unsustainable path, and sticking with the status quo guarantees a Medicare crisis in the not-so-distant future. As The Heritage Foundation’s Bob Moffit and Rea Hederman explain, … More

    Cut the Government Waste, but Fix Entitlements, Too

    The General Services Administration’s (GSA) scandalous spending at a 2010 conference has gotten plenty of attention. Rightly so, because the GSA officials’ misconduct resulted in a gross misuse of taxpayer dollars. But there is much more than egregious abuses of public resources by federal employees and managers. One of the … More

    House Democrats' Budget: A Vision of Limitless Government

    House Democrats described the budget they released yesterday as a “clear contrast” to the one introduced by House Budget Committee chairman Paul Ryan (R–WI). It is a clear contrast—but that’s not a compliment. The proposal, offered by Representative Chris Van Hollen (D–MD), ranking member of the Budget Committee, merely calls … More

    Senate Chairman’s Mark - and Transportation Bill - off Target

    Yesterday, Senate Finance Committee chairman Max Baucus (D–MT) released a modified chairman’s mark on the Highway Investment, Job Creation and Economic Growth Act of 2012 (S. 1813). When combined with the other section of the bill, this draft transportation reauthorization bill would authorize the program for two years after the … More

    Debt Limit Increases to Nearly $16.4 Trillion

    At the close of business, the federal government’s debt limit will increase by another $1.2 trillion, the final installment in a series of hikes that started last summer. This last increase, from $15.194 trillion to $16.394 trillion, was essentially granted in the Budget Control Act (BCA) of 2011, passed August … More

    Mr. President: “We Can’t Wait” for the FY 2013 Budget

    President Obama will release his annual budget proposal late yet again. Choosing the date is not merely a convention. By law, the President must release the budget by the first Monday in February, which falls on February 6 this year. Yet yesterday the Administration announced it will release its fiscal … More

    Even After Debt Limit Increase, Congress Has Work to Do

    On Thursday, President Obama formally notified Congress that the total federal debt (debt subject to statutory limit) is within $100 billion of the debt limit and requested an increase of $1.2 trillion. The announcement comes as no surprise, because such an increase is the anticipated third and final installment of … More

    What CBO Says About Raising Eligibility Ages for Medicare, Social Security

    Dark clouds hover over the nation’s finances and threaten a perfect storm of massive debt and crushing taxation unless Congress starts acting—soon. Washington must demonstrate that it is serious about reining in ever-rising spending and reducing annual deficits. Passing commonsense reforms to our major entitlement programs (Medicare, Medicaid, and Social … More

    Falsehoods Abound in Case of California High-Speed Rail

    Last week, the independent California High-Speed Rail Peer Review Group recommended that the state legislature not proceed with funding the proposed Los Angeles–San Francisco project. Its argument was grounded in concerns about “the California High-Speed Rail Authority’s plan to start construction without any assurance of future funding from the federal … More