• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Economics

    The Ryan–Murray Budget Deal: Unnecessary Pain for Americans

    The controversial budget deal reached by Representative Paul Ryan (R–WI) and Senator Patty Murray (D–WA) has been criticized by experts on both sides of the issue for delaying needed budget reforms. Romina Boccia, Heritage’s Grover M. Hermann Fellow in Federal Budgetary Affairs, discussed the deal with Obama’s car czar Steven … More

    Spending Caps Have Worked, but Ryan-Murray Budget Would Lift Them

    In terms of cutting government spending, the Budget Control Act’s spending caps and sequestration have been an unparalleled success story in recent years. And yet, the House of Representatives voted last Thursday to weaken the caps in 2014 and 2015 for a $63 billion increase in the discretionary budget. Sequestration … More

    Why Conservatives Don't Like the Ryan-Murray Budget Deal

    Next week, the Senate will consider the Ryan-Murray budget deal — a spending plan that disappoints conservatives and believers in a limited government that manages its finances. Earlier during the negotiations between House Budget Chairman Paul Ryan (R-WI) and Senate Budget Chairwoman Patty Murray (D-WA), my colleagues and I at … More

    Raising the Minimum Wage Would Hurt the People It's Supposed to Help

    Hike the minimum wage. For politicians trying to show their concern for those on the lower rungs of the economic ladder, it’s a simple solution. It’s catching on again, with several states and municipalities approving local hikes, and a proposal before Congress to hike it by an unprecedented amount, from … More

    Poll: 65 Percent of Americans Think Congress Can Find More Spending Cuts

    As the Senate prepares to take up the new House-passed budget that undoes sequester cuts and increases spending, a clear bipartisan majority of American voters—65 percent—“firmly disagree[s] that ‘there are no more cuts to make’ to federal spending,” according to a recent poll conducted by the Tarrance Group. The poll, … More

    The Budget Deal's Sneaky Tax Increases

    The congressional budget deal includes some “user fees.” For the Washington establishment, that’s apparently the politically correct way of telling Americans they’ll be paying more to the federal government. For the rest of us, it’s a tax increase. The Ryan-Murray budget deal, which passed the House on a 332-94 vote, … More

    The Volcker Rule: Three Years and Nearly 1,000 Pages Later

    Five financial regulatory agencies have completed the final rules to implement the Volcker Rule, a regulation required by the Dodd–Frank bill that is supposed to protect taxpayers by restricting banks’ financial activity. The rule would prohibit banks from engaging in what’s known as proprietary trading—that is, making risky investments solely … More

    Phones on Airplanes: FCC Moves to Lift Rules

    Something unusual is happening at the Federal Communications Commission (FCC). At a meeting earlier this afternoon, the commission—led by Obama-appointed chairman Tom Wheeler—voted to review the FCC ban on using cell phones on airplanes. This is the first step to repeal, which Wheeler supports. The move has caused bipartisan consternation … More

    The Budget Deal -- and Why We're $17 Trillion in Debt

    Country singer Aaron Tippin’s old hit song “You’ve Got to Stand for Something (or You’ll Fall For Anything)” could be the new theme song for the Republican leadership in the U.S. House. There’s a reason that 71% of Republicans across America are dissatisfied with Republican leadership in Washington. The big … More

    Budget Conference Spending Cuts: Start with Amtrak Subsidies

    A good place for budget conferees to start cutting federal spending would be at Amtrak, the federally subsidized passenger rail service, with its $72 million loss on its food and beverage service in fiscal year (FY) 2012 and generally poor financial performance. Amtrak’s inspector general Ted Alves states in a … More