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    • Obama Launches Foolish Assault on U.S. Companies

    February 26, 2009 at 9:29 am

    5 Comments

    In his remarks to Congress Tuesday night, President Obama repeated a liberal clarion call to eliminate a tax incentive for U.S. businesses to invest and move jobs overseas. Most Americans surely have no idea what he’s talking about. And most Americans would surely oppose any tax provision that would encourage … More

    In Pursuit of Failed Theories

    February 5, 2009 at 5:13 pm

    14 Comments

    President Barack Obama in an op-ed published in the Washington Post makes several valid points. But the most important is his statement dismissing plans that “echo the failed theories that helped lead us into this crisis.” He’s absolutely right. Failed theories such as: Government spending stimulates the economy. Federal spending … More

    Obama’s Broken Tax Cut Promise

    February 5, 2009 at 10:14 am

    13 Comments

    It took President Barack Obama all of 15 days to break one of his most fundamental campaign promises. Even in these fast-paced times, that has got to be a record. On Wednesday, February 4, President Obama proudly signed into law a huge increase in the federal tobacco excise tax. The … More

    Read My Lips, No Industrial Bailouts

    December 15, 2008 at 2:32 pm

    2 Comments

    President Bush pushed the Troubled Asset Recovery Program (TARP) through the Congress because he and Treasury Secretary Paulson convinced the nation of two propositions. The first was that credit markets were seizing up and this program was the necessary remedy. The second was that the funds would only be used … More

    Stark’s Remarks on Taxes Revealing in Ways He May Not Intend

    July 25, 2008 at 4:25 pm

    5 Comments

    In a body known for intemperate remarks and fabricated figures, Rep. Pete Stark (D-Calif.) put in a worthy nominee for top honors in 2008 recently when he said: … the unfunded cost of the McCain-Bush tax cuts is more than $100 trillion. So if you weren’t giving away all of … More

    A Funny Bit of Entitlements Nonsense from the U.S. Navy

    July 7, 2008 at 5:07 pm

    2 Comments

    Russell Beland is a Deputy Assistant Secretary of the Navy. His piece in the Washington Post over the weekend, “5 Myths About the Bust That Will Follow the Boom”, suggests the civilian leadership of the Navy may have too much time on its hands. In brief, Beland’s thesis is that … More

    Tax-Cutting Straw Men

    June 9, 2008 at 12:59 pm

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    A recurring theme among critics of the 2001 and 2003 tax cuts is that they didn’t work to strengthen the economy. This argument was on display in an article today in the Washington Times that the data on the 2001-2007 expansion “provides no support for the claim that tax cuts … More

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    J.D. Foster, Ph.D.

    J.D. Foster, Ph.D.

    JD Foster is the Norman B. Ture Senior Fellow in the Economics of Fiscal Policy at The Heritage Foundation. His primary focus is studying long-term changes in tax policy to ensure a strong economy. He also examines changes in Medicare, Medicaid and Social Security so they are both affordable and more effective.
    The Morning Bell
    Congress Is Trying to Fool You on Immigration

    Congress is trying to fool you. Here’s how they do business. A piece of legislation is going to cost trillions of dollars, but Members of Congress don’t want the public to see that. Instead, they have the Congressional Budget Office (CBO) look at the bill for just the first 10 … More

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