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  • More Than 500 Economists Agree with the CBO: $10.10 Minimum Wage Would Kill Jobs

    More than 500 economists—including three Nobel laureates—told Congress this week that President Obama’s proposal to hike the minimum wage to $10.10 per hour is a job killer. They explain in a letter how it could threaten the fragile economic recovery and destroy jobs. Economists who signed the letter include Nobel … More

    Want to Help the Poor? Repeal Ethanol Mandate, Don’t Raise Minimum Wage

    Many Senators propose raising the minimum wage to reduce poverty. However, minimum-wage increases have no statistically significant effect on poverty rates. Few of the workers who would get raises come from poor families. Worse, higher minimum wages discourage hiring and reduce access to entry-level jobs. Congress should look to effective … More

    Congress Has Already Raised the Minimum Wage Above $10

    Congress will soon vote on raising the federal minimum wage to over $10 per hour. Few realize that, from the perspective of many employers, the government has already done this. The Obamacare employer penalty will add thousands of dollars to hiring costs in 2015. Coupled with existing minimum wages and … More

    Still Not the Time to Raise Federal Pay

    President Obama has announced a 1 percent across-the-board federal pay increase in 2014. This comes on top of federal employees’ already scheduled seniority-based raises. Unless Congress intervenes, the gap between federal and private pay will rise even higher next year. President Obama suspended the uniform federal pay increases in 2011 … More

    The Road to a $12.50/Hour Minimum Wage in D.C. Is Paved with Good Intentions

    If only the D.C. city council understood good intentions do not ensure good results. Council members are debating four different proposals to raise the city’s minimum wage from $8.25 per hour ($1 above the federal minimum) to between $10.25 and $12.50 per hour. Proponents of the legislation want to help … More

    Coverdell Education Savings Accounts—Now Safe from Taxation—Could Still Be Improved

    Congress and President Obama preserved the rules regarding Coverdell Education Savings Accounts (ESAs) when they passed the “fiscal cliff” deal. Coverdell ESAs are the lone tax break available to parents for kindergarten through twelfth grade education expenses. But beginning January 1, 2013, the accounts were going to be only useful … More

    Coverdell Education Savings Accounts to Be Thrown from Fiscal Cliff?

    Lost in the fiscal cliff discussion has been any hint of whether Coverdell Education Savings Accounts (ESAs) will be permitted to continue in their current form. As it stands, beginning January 1, parents will no longer be able to use these accounts for expenses for kindergarten through high school without … More

    Index of Dependence on Government Jumps for the Fourth Year in a Row

    The leak of a video featuring former Governor Mitt Romney (R-MA) has sparked debate about government dependency and the number of people in the United States who do not pay federal income tax. The Heritage Foundation has published the Index of Dependence on Government for the past 10 years, and … More

    Government Makes It More Difficult for First-Time Job Seekers

    Last week, the U.S. Department of Labor released its Employment and Unemployment Among Youth—Summer 2012 report. While many youths (ages 16-24) found a summer job this year, many did not even try. Fully 39.5 percent of the youth population neither worked nor looked for work this summer. This number has … More