More than 15 months after the Obama administration lifted its ban on offshore drilling in the Gulf of Mexico, oil and gas supply and service companies report they are suffering significant financial hardships from the government’s actions. The moratorium — as well as the slow pace of permitting that followed — have suffocated businesses, costing jeopardizing millions in business revenue and even forcing some to close their doors, according to a survey conducted by Greater New Orleans Inc. Louisiana, home to 88 percent of the country’s offshore rigs, has absorbed …
President Obama used his State of the Union address Tuesday to outline his idea of fairness. To put it simply, that means redistributing wealth by raising taxes on the most successful Americans. “If you make more than $1 million a year, you should not pay less than 30 percent in taxes,” Obama declared. He added: “Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense.” Heritage’s Curtis Dubay …
President Obama will deliver his third State of the Union address on Tuesday night. According to a preview video released this weekend, the speech will outline Obama’s vision for improving the economy and creating jobs. With an unemployment rate of 8.5 percent, there’s much work to be done. But after three years of Obama’s failed policies, it’s unclear if anything Obama says Tuesday night will differ from the Keynesian ideas he’s already proposed. This week’s chart comes from Heritage’s analysis of the December unemployment report. The economy added 200,000 jobs …
Stories are powerful. They help us relate to other individuals and communicate complex issues. They are an essential ingredient to making policy change in Washington. That’s why we’re asking for your help. The Heritage Foundation is seeking examples of individuals, entrepreneurs and business owners who have been negatively affected by the federal government’s regulatory overreach. We want to spotlight Americans’ experiences with Washington’s red tape. You can help us by filling out the form below. Our goal at Heritage is to reduce government interference and eliminate unwarranted government intrusion into …
UPDATE: The U.S. Energy Information Administration announced on Jan. 27 that data used for its study of oil and gas production on federal lands was “incomplete.” The EIA is currently reviewing information from the Department of Interior and will correct its report upon completion. — In his announcement rejecting the Keystone XL pipeline today, President Obama boasted that under his administration, “domestic oil and natural gas production is up.” Obama, of course, failed to mention that his administration can’t actually take any credit for the increase. The vast majority of …
One year ago Republican Gov. Scott Walker took office in Wisconsin with an ambitious budget plan to set his state on a new course. Democrats revolted in protest, even fleeing the state to prevent a vote on the measure. Walker was ultimately able to make reforms to government unions, but now faces the prospect of a recall election that might cost him his job. In a new video from The Daily Caller, Ginni Thomas interviews Walker about out-of-control labor costs and their threat to economic prosperity. He discussed the situation …
Heritage and the Wall Street Journal released the 2012 Index of Economic Freedom on Thursday, ranking 179 countries on 10 benchmarks that gauge their economic success. This year Heritage introduced a new interactive feature that gives you the opportunity to create a comparative graph. This week’s chart shows how the United States stacks up against Canada and the United Kingdom. As recently as 2009, the United States led both countries in economic freedom. But after four years of decline, the United States is heading in the wrong direction. This year …
Few issues before Congress have united online activists like the current debate over the Stop Online Piracy Act in the U.S. House and its Senate companion, the PROTECT IP Act. Both bills attempt to address the theft of intellectual property. But critics say the legislation would do more harm than good. “The legislation addresses a legitimate problem,” noted Heritage’s James Gattuso in an analysis of SOPA, “but it may have unintended negative consequences for the operation of the Internet and free speech.” We discussed those consequences on this week’s Scribecast …
Earlier this week in New Hampshire, Republican presidential candidates touted the benefits of a Medicare premium support system — the approach to entitlement reform embraced by House Budget Chairman Paul Ryan (R-WI) and The Heritage Foundation. Ryan’s recent partnership with Sen. Ron Wyden (D-OR) helped thrust the idea of premium support back into the national spotlight. Their bipartisan framework represented a breakthrough on Capitol Hill after liberals spent much of the year making false charges about Ryan’s plan. Given the misleading information about premium support, let’s first take a moment …
Syndicated columnist Charles Krauthammer is one of America’s foremost political commentators. He is among the sharpest critics of the Obama administration and liberalism. The Daily Caller’s Ginni Thomas spoke to Krauthammer about the state of affairs in America, the social contract and the left’s domination of cultural institutions. In the video above, Krauthammer outlines why modern liberalism is lacking new ideas to solve the country’s myriad of problems. Two years ago this month Krauthammer spoke at Heritage about President Obama’s approach to foreign policy.
