A letter from 232 multi-industry organizations, in conjunction with the U.S. Chamber of Commerce, is calling on President Obama and Congress to restructure the nation’s entitlement programs and put them on a path toward financial sustainability. These organizations recognize that the country’s rising debt poses grave economic risks. In the …
With sequestration—the automatic reductions to the federal government set to occur January 2, 2013—looming ever closer, The Heritage Foundation has put forth a proposal to replace these cuts and avert the disaster. Heritage’s Patrick Louis Knudsen recently detailed $150 billion worth of savings to be found in the federal budget …
The Heritage Foundation has updated its Saving the American Dream plan as the nation moves inexorably towards the fiscal cliff set to hit at the beginning of 2013. From Amy Payne’s Morning Bell: To meet this challenge, Heritage Foundation experts updated our Saving the American Dream plan to address the …
In Washington, there is one issue on everyone’s minds: the “fiscal cliff.” With time running out before a massive tax hike strikes on January 1, and wide-ranging budget cuts scheduled to hit at the same time, the economy is bracing for another storm. Today, five public policy organizations including The …
Congress has a chance to deliver Americans a belated Christmas present shortly after Christmas if it can work to avoid running the country off the “fiscal cliff.” The term “fiscal cliff” refers to a combination of massive tax increases—including the expiration of the Bush tax cuts—and deep spending cuts that …
On Friday, Representative Pete Sessions (R–TX) and House Speaker John Boehner (R–OH) ran afoul of Glenn Kessler’s “Fact Checker” blog regarding a study of President Obama’s proposed tax increase. Before deciding on a tax change, policymakers are wise to look at the economic impacts of the change. Two Studies In …
Sometimes in post-election America, there is excitement about what the future will bring. This time around, the prospect is rather horrifying. America is racing, pedal to the metal, toward the fiscal cliff—a mixture of tax hikes and defense cuts that loom just after New Year’s. The same Congress and the …
