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  • Government Will Take Almost Half Your Paycheck in 2013

    How high is the marginal tax rate on each additional dollar the average American earns? In other words, if you got a raise of one dollar, how much of that dollar would be taxed away? These rates are already high, and they’re getting higher next year. A middle-class taxpayer’s income … More

    Taxmageddon Will Decimate the Finances of Low-Income Americans

    “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 … More

    Taxmageddon to Hit These States and Congressional Districts Especially Hard

    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 … More

    More Than 40 Percent of Americans Are on Some Government Program

    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 … More

    Obama Administration Discontinues Transparency Tool

    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 … More

    Changes to Coverdell Education Savings Account: Unwise and Unfair

    This year, if Congress and the President fail to act on Coverdell Education Savings Accounts, parents are scheduled to be left out in the cold. Rules concerning how parents are allowed to spend money they have earned in their Coverdell accounts are tied to the expiring Bush tax cuts. If … More

    Dependence on Government at All-Time High

    The 2012 Index of Dependence on Government, released today, should be a wake-up call for America. Published by The Heritage Foundation for the past 10 years, the Index tracks the growth in government dependence dating back to the early 1960s. This year’s edition shows an alarming trend. Among the most … More

    Barron’s Roundtable Blames Economic Malaise on Government Policies

    Barron’s published its year-end roundtable discussion with 10 money managers and financial market experts on Saturday. The star investors voiced their concerns about three government-related problems that threaten economic growth and prosperity in this country. 1. Cumbersome government regulations are holding businesses back and discouraging investors from investing in American … More

    $3.3 Trillion Vaporized from U.S. Stocks since April 29, 2011

    Since the S&P 500 hit its high for 2011 on April 29 to August 10, 2011, $3.3 trillion invested in the U.S. stock market has been wiped out. The value of American stocks owned fell from $16.82 trillion to $13.57 trillion—19.3 percent. See Chart. That is more than the Gross … More

    U.S. Debt Now Surpasses 2010 GDP

    The U.S. Treasury Department came out today with its Debt Position and Activity Report for July. The news is bleak. With the additional $238 billion the Treasury immediately borrowed when the debt ceiling was raised on August 2, total current debt now exceeds 2010 gross domestic product (GDP) for the … More