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 …
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 …
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 …
“Taxmageddon,” also called a “massive fiscal cliff” by Federal Reserve chairman Ben Bernanke, refers to the assortment of expiring tax relief combined with new Obamacare tax hikes and the payroll tax restarting on January 1, 2013. Taxmageddon will be especially hard on areas of the country that can least afford …
Taxmageddon is getting ready to suffocate the U.S. economy under crushing tax increases on January 1, 2013. These tax hikes include the expiration of the 2001 and 2003 tax reductions and the tax increases from the 2010 health care law. The Heritage Foundation’s Center for Data Analysis (CDA) ran the …
How many Americans depend on a government program for a basic (or not so basic) need? According to recently released Census Bureau data and Heritage Foundation calculations, the number is 128.8 million. That is the number of individuals directly receiving aid that they depend on for their daily consumption of …
Since 1993, the Census Bureau has made available detailed data about federal government expenditures in its Consolidated Federal Funds Report (CFFR). The 2012 report will be the last one. Through the CFFR website, the public had access to such data as federal expenditures made at the county level for programs …
