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  • 2014 Tax Day Chart: Who Pays the Most?

    Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers were hit with the President’s myriad tax increases that have contributed to the country’s quickly recovering revenues. Despite calls for more taxes on the rich, … More

    2014 Tax Day Chart: Who Pays the Most?

    Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code ahead of tax day, many felt the sting of the President’s myriad tax increases. Despite calls for more taxes on the rich, the Heritage chart shown above reveals that the … More

    CBO Affirms What We’ve Known All Along: Reducing National Debt Will Grow the Economy

    House Budget Committee Chairman Paul Ryan’s (R–Wis.) steps to reduce the budget would help boost economic growth. Ryan’s 2015 budget proposal contains more than $5 trillion in savings over 10 years and balances by the end of the budget window, leaving a $5 billion surplus in 2024. Ryan’s budget acquires … More

    Printing Money: Adopt a New Typeface and Save $136 Million in the Federal Budget

    The federal government can make a decision that would save taxpayers millions of dollars, and it wouldn’t have to cut programs, furlough workers, or even reduce duplicative spending: All it has to do is adopt a new uniform typeface to be used in all government documents. That’s right—saving $136 million … More

    Eight Out of Ten Americans Want President, Congress to Address National Debt

    A February poll conducted by the Peterson Foundation found that the nation’s fiscal confidence remains solidly negative, a result of “unaddressed long-term fiscal challenges [that] remain a serious concern for Americans.” Indeed, a whopping 82 percent of American voters believe that the President and Congress should devote more time to … More

    Obama’s Retirement Caps Send a Message to Future Retirees: Save Less (VIDEO)

    Watch the latest video at video.foxbusiness.com Even as many warn of an impending retirement crisis, the Obama Administration wants to impose limits on how much Americans are allowed to save for their own retirement. Watch the latest video at video.foxbusiness.com The President’s proposed budget, scheduled for release on March 4, … More

    By How Much Did Congress Increase the Debt Ceiling? Hint: It’s a Trick Question

    Just a few weeks before President Obama releases his budget proposal to boost deficit spending for the remainder of his term, Congress voted to “raise the nation’s borrowing limit through March 2015.” But there’s one big question: By how much did Congress raise the debt limit, exactly? As Heritage’s Romina … More

    A Look Back: 7 Instances of Wasteful Spending in the Stimulus Package

    Five years ago this week, President Obama signed the American Recovery and Reinvestment Act—the stimulus package—into law. Here’s a quick reminder of how some of this $862 billion of taxpayer money was spent: -          New Buses Without Riders — $2.4 Million: The Winter Haven Area Transit Authority (WHAT) in Florida, … More

    Debt Set to Reach $27 Trillion by 2024—What Happened to the Debt Limit?

    The Congressional Budget Office (CBO) revealed in its recent budget outlook that the U.S. national debt will reach a record high of $27 trillion by 2024—a 56 percent increase from the current level of $17.3 trillion in only 10 years. At $27 trillion, each American household’s share of the national … More

    Get Ready For a Year of 'Inaction' On the National Debt

    President Obama had an opportunity to satisfy the vast majority of voters by making the national debt a “high priority” in his State of the Union speech. But he squandered his chance. A Peterson Foundation poll found that 83 percent of voters want the Administration to name the national debt … More