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    Obama Tax Proposals: Danger Ahead for Charities and Civil Society

    Here’s a test: Guess who made most of the charitable contributions in 2006, according to the most recent data available from the Internal Revenue Service? If you guessed “taxpayers with high incomes”, you’d win the prize. Now, guess which class of taxpayers the Obama administration wants to discourage from making … More

    President Obama's Budget: A Better Magic Show Than Las Vegas

    Classic Tax and Spend Budget Increase, Raise and Hike: The President’s budget proposal increases taxes by $1.3 trillion; raises entitlement spending by $700 billion (including the health care fund), and hikes discretionary spending by a steep 12%. Creating Deficits, Not Eliminating Them: Given the budget deficit has already quadrupled in … More

    Profiles In Conservatism

    NAME: Patrick McHenry OCCUPATION: Member of Congress, 10th District of North Carolina HOMETOWN: Cherryville, NC Patrick McHenry is serving his third term in the United States Congress where he represents North Carolina’s 10th District. He was elected to Congress in 2004, after serving in the North Carolina State Legislature. Congressman … More

    Quick Observations on President Obama’s Budget

    Budget Trickery The President also employs budget trickery on spending. He first assumes that Iraq spending will continue indefinitely at 2008 levels (which was never going to happen, according to the military’s own Joint Campaign Plan), and then calculates $1.5 trillion in savings against that baseline. If you eliminate that … More

    Pork Chalks Up Two More Victories

    Yet another controversy involving Congressional earmarks is brewing in Washington. This time around a lobbying firm, the PMA group (raided by the FBI in November), is accused of making fraudulent donations to members of Congress in exchange for federal pork directed toward their clients. Given mounting news reports of scandal … More

    Obama Tax Proposals (Mostly) Bad News

    President Obama’s budget document lacks the details necessary to judge fully his tax proposals. What we have are proposed streams of revenues over 10 years and short tag lines describing the proposals. A full assessment of his tax program will therefore have to wait. The initial impression, however, is that … More

    Ambassador Harvey Feldman

    On Tuesday, The Heritage Foundation lost a distinguished colleague, mentor and friend, Ambassador Harvey Feldman. Harvey Feldman’s leadership throughout his career in the U.S. Foreign Service and for more than a decade at Heritage helped define America’s long-term interests in Asia and around the world. He was a valued counselor, … More

    Next Bailout: Liberal Media?

    Over the past few months,  we’ve seen a seemingly endless parade of bailouts from Washington — for banks, for automobiles, and just about everything else.    Today,  Congress may be voting on yet another bailout — this time for liberal media.   This afternoon, the Senate is expected to take up a … More

    Building a Foundation for Budgetary Failure

    The title to President Obama’s budget refers to a new era of responsibility. Responsible budgeting begins with credible economic forecasts. The Obama economic forecast doesn’t merely reflect the return of the famous Rosey Scenario, but puts Rosey in fantasyland. Don’t take my word for it, just look at the numbers … More

    Neighborhood Destabilization Act: H.R. 1106

    “Helping Families Save Their Homes Act”? Or Neighborhood Destabilization Act: Allows bankruptcy judges to reduce the principal owed on a mortgage, a practice often referred to as a “cramdown.” Judges would be able to reduce interest rates or lengthen the term of the mortgage. H.R. 1106: It actually achieves opposite … More