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    Chart of the Week: Federal Spending on Defense vs. Entitlements

    Providing for the defense of the United States is Congress’ constitutional obligation. Lawmakers should recognize defense is a necessity, if not the federal government’s most important responsibility. In recent years, however, defense spending has continued to decline as entitlement spending increased. Priorities are being misplaced as the gap between entitlement … More

    Chart of the Week: U.S. Corporate Tax Rate Is Uncompetitive

    The U.S. is a worldwide business leader. However, high corporate taxes increase the difficulty for businesses to compete internationally in this age of globalization. Private investment in the U.S. can be increased if the federal statutory corporate income tax rate is reduced. According to Heritage analysts, the federal corporate rate matters … More

    Battle of the Charts: Spending Is the Problem, No Doubt About It

    While Americans across the country were celebrating independence on Monday, Talking Points Memo (TPM) was churning out its “Chart of the Day” to support the false claim that the nation doesn’t have a serious spending problem. According to TPM, conservatives in Congress are focused on cutting discretionary spending as part … More

    Chart of the Week: National Debt Set to Skyrocket

    The Senate canceled next week’s recess to address the country’s debt crisis. It’s an issue in the headlines every day as lawmakers and the White House debate a debt-reduction plan. Why does it matter? The national debt is set to explode in the coming decades as spending on entitlement programs … More

    PODCAST: Heritage 2011 Budget Chart Book

    In a new Heritage in Focus, Heritage research assistant Emily Goff discusses our 2011 Budget Chart Book which shows in vivid detail the severity of America’s spending crisis. Listen to the full interview here. In this podcast, Goff offers solutions to prevent us from worsening our fiscal situation. In addition, … More

    Morning Bell: Pictures of a Budgetary Disaster

    Another budget battle looms on the horizon as Congress returns from recess next week to continue work on the nation’s finances and debates whether to raise the debt limit, now at $14.3 trillion. In the last year, no single issue has captured the attention of Americans more. And for good … More

    The Federal Budget in Pictures

    Earlier this month, we announced the release of the 2010 Heritage Budget Chart Book. This recurring feature allows visitors to dig down deep into the data of government revenue and expenditures in a visual format that is easy to understand. This year’s chart book does not disappoint, providing roughly 40 … More

    Think Tax Day Is Expensive This Year? Just wait.

    As federal income taxes come due this Thursday, Americans are well aware of just how expensive government is becoming. But as the Wall Street Journal warned today, we ain’t seen nothing yet. Obama’s go-to strategy for cutting the deficit is to tax the so-called rich, but this would send tax … More