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  • 2001 tax cuts

    The Washington Post’s Weak Case for Ending the 2001/2003 Tax Cuts

    In yesterday’s Washington Post, Ruth Marcus uses “quack medicine” to describe conservatives’ support for extending the 2001 and 2003 tax cuts. Yet she commits her own economic malpractice. Ms. Marcus asserts that the tax cuts devastated tax revenues by pointing out that “tax revenue fell from 21 percent of GDP … More

    Greenspan’s Economics Trips on His Naïve Politics, Again

    Alan Greenspan recently gave a Bloomberg News interview with Judy Woodruff. His agenda was redemption. Hers was politics. She got what she wanted. In the course of the interview, Greenspan acknowledged the economy was slowing, a more modest appraisal than that recently signaled by his former colleagues at the Fed … More

    Morning Bell: The Obama Tax and Spend Threat to Economic Recovery

    Remember President Barack Obama’s promise to the American people not to raise taxes? Forget about it. While the President has already raised taxes on cigarettes and tanning beds, none of that compares to what could happen in January. If you earn income, your taxes are about to go up. If … More

    A Tax Report in Search of the Economy

    On May 25, the Fiscal Analysis Initiative of Pew’s Economic Policy Group published an overview of what might happen to the federal government’s annual deficits should the tax relief of 2001 and 2003 be allowed to expire, be extended through 2012, or be made permanent. As readers may know, all … More

    The End of Conservatism?

    Dr. Lee Edwards, a Distinguished Fellow in Conservative Thought, gave a lecture  at the Heritage Foundation that asked the question: Is Conservatism dead? One could make a strong case that it is. Conservatives suffered a crushing defeat in the 2006 elections and, more recently, the 2008 elections. However, things have … 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

    Obama Throws Up Brick for NBA

    NBA owners and players will have to swallow hard if that avid hoops fan, Barack Obama, is elected president and pushes through his tax plan. It’s not just players like Celtics star Kevin Garnett, the league leader in pay, who’d have to figure on paying more in federal income taxes. In fact, the NBA’s 20 … More

    Different Tax Plans, Different Futures

    It looks more and more like Joe the Plumber was on to something about taxes, though you wouldn’t know if from most of the polls and media. The Heritage Foundation has the details in our new study: If a President McCain got his way on tax reform, Americans could expect … More

    5 Misconceptions About the National Debt

    There is a lot of information about the national debt, but misconceptions cloud the debate. There are five common misconceptions about the national debt. This video explains them, as well as why they are not accurate guides to measure the debt. Heritage’s Brian Reidl also mentions the real threat to the National Debt – unfunded entitlement … More

    Tax-Cutting Straw Men

    A recurring theme among critics of the 2001 and 2003 tax cuts is that they didn’t work to strengthen the economy. This argument was on display in an article today in the Washington Times that the data on the 2001-2007 expansion “provides no support for the claim that tax cuts … More