On December 31, a set of approximately 50 tax-reducing provisions commonly referred to as the “tax extenders” expired. These provisions, which apply to both individuals and businesses, include popular measures such as the Research and Experimentation credit for businesses and the optional deduction for state and local sales taxes for …
Though the idea has been thoroughly discredited, the President and Members of Congress are still considering a large, thoroughly bogus “savings” option to help cover their profligate spending: They intend to claim war spending that was never going to be spent as “savings”—and then spend it on something else. It …
Here’s some news that federal bureaucrats in Washington — and indeed around the country — don’t want to hear: According to a Congressional Budget Office (CBO) report released this week, federal workers are paid higher than their private-sector counterparts. The “alarming news” hit the national media yesterday, but there’s a …
The figures released today by the Congressional Budget Office (CBO) once again reflect the magnitude of the federal government’s fiscal problem and the urgent need for Congress and the President to address it. Some key points: The 2012 deficit, projected at $1.079 trillion, represents the fourth consecutive year of deficits …
Some prominent left-wing commentators have devoted weekly columns and blogs to the notion that Great Britain has misguidedly pursued harsh spending “austerity” and that doing so has left the country lingering in unnecessary anguish. In the opinion pages of The New York Times, Paul Krugman inveighs that: Britain, in particular, …
The Congressional Budget Office (CBO) released a report yesterday showing that federal employees receive substantially more compensation than similarly skilled workers in the private sector. National media, from The New York Times to National Public Radio, reported this “news.” The CBO report was spurred in part by two years of …
Earlier this week, Representative Louie Gohmert (R–TX) visited The Heritage Foundation to show his support for Saving the American Dream as well as our nationwide educational effort with the Family Research Council, the Your Money, Your Values, Your Vote 2012 Tour. Speaking to an impromptu audience gathered at Heritage, Gohmert’s …
