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  • The Obama Tax Plan: Undercutting Economic Growth

    The President and his advocates in Congress argue that raising taxes on all taxpayers would damage the economy but that raising taxes on only “high-income” households is supposedly not economically destructive. This line of reasoning is simply mistaken. (House Speaker John Boehner (R–OH), perhaps still cognizant of the economic ramifications … More

    Will America Catch the Eurovirus?

    In a new Backgrounder, “How Contagious Is Europe’s Economic Crisis?”, we discuss several channels through which a European crisis could be transmitted to the U.S. economy and note the key policy responses needed in the U.S. and in Europe. Current effects. The U.S. is already affected by lower demand for … More

    A Not-So-Happy New Year for the Entrepreneur in 2011

    Last week, The Heritage Foundation co-hosted the launch of the 2012 Global Entrepreneurship and Development Index (GEDI), a new tool giving insight into the effect that various drivers of entrepreneurship have on economic development in countries around the world. Two crucial findings from the 2012 GEDI emerged at the conference: … More

    Businessmen Don’t Need a Lecture

    Yesterday, President Obama insisted that a coalition of Senate Republican legislators is playing partisan politics yet again. He told Americans that he knows exactly what small businesses need in order to start productively hiring, and that’s the Small Jobs Act, which is currently before the Senate. The business community does … More

    The Next Wave of Taxes on Business

    In an attempt to solve the nation’s current economic woes, legislators remain fixated on a single solution: federal stimulus spending. This is the wrong solution, regardless of the sweet rhetoric used by some Washington lawmakers, and is no economic stimulus. Two days ago the Senate passed (62 to 36) another … More

    Businesses Need New and Real Promises from Washington

    While legislators finalize yet another round of stimulus spending, they should self-impose a time-out to assess the ineffectiveness of the last two years of government-directed stimulus. After two years of repeated government stimulus programs, the economy remains either in recession or in very slow recovery and yet the federal government … More

    Payroll Tax Holiday: Misguided Reform to Social Security Financing

    Despite efforts by Senator Baucus (D-MT) and Senator Grassley (R-IA) to draft a broad and bi-partisan federal legislation as part of another round of federal “stimulus” Senator Reid (D-NV) has now derailed the endeavor.  After eliminating most of the tax cuts in the bi-partisan effort put forward by Senators Baucus … More

    Tax-Credit-for-Hire: Another Failed Stimulus Policy in the Pipeline

    As President Obama continues campaigning for yet another round of stimulus it appears now that even democrats are beginning to question the soundness of this strategy.  This new focus includes a $5,000 tax credit—among other items— for any business that hires a new worker—effective the year the legislation is passed. … More

    A Pledge Small Businesses Do Not Need

    Facing the stark reality of double-digit unemployment and the failure of his first $862 billion economic stimulus, President Barack Obama unveiled his second stimulus plan last month including a mix of subsidies and government-subsidized loans targeted solely at small business. Obama’s Second stimulus will be funded in part by roughly … More

    Reconciling Health Reform Taxes and Fees on Individuals and Businesses

    One of the key issues the White House, House, and Senate will be negotiating behind closed doors, is how to pay for President Obama’s $2.5 trillion plan. Reconciling the differences between these two bills will remain a difficult task for legislators particularly as they rely on a different mix of … More