Joe the Plumber helped reshape the presidential debate around the issue of taxes. So how do the two candidates’ proposals compare? What plan is better for the economy and job creation? Rea Hederman, senior policy analyst and assistant director of Heritage’s Center for Data Analysis, explains the differences between Barack …
Courtesy of William Warren, Americans for Limited Government Americans for Tax Reform has run the numbers for Joe Wurzelbacher. Under the tax plan offered by Barack Obama, the country’s most famous plumber would pay $10,000 more in taxes. Here’s the breakdown: Current Law: Under current law, Joe faces a self-employment …
The Heritage Foundation’s Center for Data Analysis has just released a study of Barack Obama and John McCain’s tax plans. Using tax models and tax information from other sources as inputs into Global Insight’s U.S. Macroeconomic Model, the study estimates the side-by-side economic effects of the two plans. The study …
The bailout parade is continuing unabated in Washington this week. On the heels of a $25 billion bailout for the automotive industry, the Bush Administration agreed yesterday to a $4.3 billion bailout of Massachusetts’ out of control health care spending. Apparently when numbers like $700 billion are being thrown around, …
Is the Bush Administration supporting yet another bailout? After seven delays and months of negotiations between Massachusetts and federal officials over the renewal of the state’s Medicaid demonstration waiver which supports its landmark health reform, State House News Service has just reported that a deal has been struck. While the …
Former Comptroller General of the United States and Fiscal Wake-Up Tour star David Walker outlines how our impending entitlement crisis parallels the current subprime mortgage mess in the Financial Times: … a lack of transparency facilitated the crisis. Banks and other financial institutions created off-the-books entities so that regulators would …
