• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • congressional budget office

    She Dreamed Obamacare Was Harmless

    Obamacare is working, and it’s not costing any jobs. Shhh…keep quiet, or you’ll wake Health and Human Services Secretary Kathleen Sebelius from her dream. “There is absolutely no evidence, and every economist will tell you this, that there is any job loss related to the Affordable Care Act,” she said … More

    The New Medicare SGR Bill: Time for Close Scrutiny and Fiscal Responsibility

    House and Senate negotiators have just come to an agreement on a policy framework to repeal the unworkable Medicare Sustainable Growth Rate (SGR) formula, which annually updates Medicare payment for doctors, and replace it with a new payment program. According to a joint press release issued today by the Senate … More

    Obamacare Mandate Means Minimum Wage Employees Cost Businesses $10.30 an Hour

    The Congressional Budget Office (CBO) just reported that President Obama has already effectively raised the minimum wage. How so? The Obamacare employer mandate requires employers that do not provide “qualifying” health benefits to pay a steep penalty. Few minimum-wage employers provide Obamacare-compliant health coverage. So the penalty adds to their … More

    Bam! We're Already Hitting the Debt Ceiling Again

    It’s timely that the Congressional Budget Office (CBO) put out new numbers on America’s financial situation this week. By the end of the week, we’ll be hitting the debt ceiling again. The CBO’s report, which dropped the bombshell that Obamacare is projected to push 2.3 million people out of the … More

    Explosive Report: How Obamacare Will Drive People Out of the Workforce

    Obamacare moves people further away from jobs and shifts their health care costs to taxpayers. Good news or bad? The White House took up defensive measures yesterday after the nonpartisan Congressional Budget Office released a new estimate: Obamacare will cause the equivalent of 2.3 million people to stop working. “Double … More

    You Won't Believe How Many Working Hours Obamacare Is Killing

    Today, the Congressional Budget Office updated an estimate on the reductions of employment due to Obamacare.  Previously, the CBO had projected that Obamacare would lead to a reduction of around 800,000 full time equivalent jobs.  Unsurprisingly, the estimate has been nearly tripled, amounting to a 2.3 million reduction in employment. … More

    Top 1 Percent Pays Effective Tax Rate Nearly Three Times That of Middle Class

    New data from the Congressional Budget Office (CBO) show that President Obama’s much-discussed Buffett Rule, which would require families earning more than $1 million a year to pay an effective tax rate of 30 percent, is basically in effect. The data also show that President Obama’s premise for pushing the … More

    Tax Revenue Rose Five Times Faster Than Spending Fell in 2013

    The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013. Taxes revenue climbed by 13.2 percent from $2.45 trillion in 2012 to $2.77 trillion in 2013. Spending, on the other hand, fell by only 2.4 … More

    Obamacare Provision Costing 32 Percent More Than Projected

    An Obamacare provision is costing taxpayers 32 percent more than it was projected to. The provision in Obamacare that gradually reduces seniors’ out-of-pocket costs in the congressionally created coverage gap (commonly referred to as the “donut hole”) in Medicare Part D was projected by the Congressional Budget Office (CBO) to … More

    Social Security COLA: How to Improve Accuracy and Stop Excess Spending

    Time for some simple math: Which poll will more accurately determine the effect of a change on a whole group—one that surveys three of 10 people, or one that surveys nine of 10? While this may seem like an easy question, the Social Security Administration (SSA) currently receives a failing … More