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  • Chart of the Week

    Chart of the Week: U.S. Rivals Japan for World's Highest Corporate Tax Rate

    Republicans and Democrats on the Joint Select Committee on Deficit Reduction this week finally agreed on something substantive: The U.S. corporate tax rate is too high. It’s a point we’ve been making for years at Heritage. High federal and state corporate tax rates — a whopping 39.2 percent when combined … More

    Chart of the Week: Total Tax Burden Is Rising to Highest Level in History

    President Obama unveiled the details of his jobs plan last week, including a proposal to offset the new government spending with tax hikes. It’s a bizarre strategy for a president who says he wants to create jobs. As the above chart from Heritage’s 2011 Budget Chart Book illustrates, Americans are … More

    Chart of the Week: How Social Security Is Contributing to the Spending Crisis

    Last week’s presidential debate at the Reagan Library elevated Social Security as a national issue that could reshape the 2012 campaign. Candidates spent the week trading blows about the role of the 76-year-old social insurance program. Leaving aside the political rhetoric, one thing is certain: Social Security needs to be … More

    Chart of the Week: Your Share of the National Debt Is Growing Rapidly

    The newly formed Joint Select Committee on Deficit Reduction holds its first meeting this week. The 12-member panel will gather at 10:30 a.m. Thursday for an organizational session, then meet again on Sept. 13 at 10:30 a.m. for a hearing on “The History and Drivers of Our Nation’s Debt and … More

    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

    Chart of the Week: Federal Spending Per Household Is Skyrocketing

    With the United States engaged in a debate over debt, the common consensus among Americans is that spending needs to be reduced. A recent poll commissioned by Generation Opportunity and the polling company, inc./WomanTrend found this was especially true among young Americans who are self-identified independents. They believe less federal … More

    Chart of the Week: How to End Deficits Without Raising Taxes

    President Obama and congressional leaders can’t seem to agree on any plan to avert a debt crisis. As the White House’s Aug. 2 deadline approaches, the House has adopted the Cut, Cap and Balance Act, while the Senate has floated a number of bad ideas. Earlier this year, The Heritage Foundation formulated … More

    Chart of the Week: Each American's Share of National Debt is Growing

    Throughout the debate over the debt limit these past few weeks, Americans have become increasingly alarmed with our nation’s staggering $14.3 trillion debt. Many might wonder how the government is ever going to repay its mounting debt. Unfortunately, that responsibility will fall to the Debt-Paying Generation (ages 5-30). Currently, every … More

    Chart of the Week: Tax Burden Is Rising to Highest Level in History

    President Obama will meet with congressional leaders tomorrow to resume talks on the debt limit. The rare Sunday meeting between top Republicans and Democrats could signal the start of “hard bargaining” after Thursday’s debt talks left the parties far apart. While Democrats want tax increases on the table in debt negotiations, Republicans … More