On Friday, Representative Pete Sessions (R–TX) and House Speaker John Boehner (R–OH) ran afoul of Glenn Kessler’s “Fact Checker” blog regarding a study of President Obama’s proposed tax increase. Before deciding on a tax change, policymakers are wise to look at the economic impacts of the change. Two Studies In …
Obamacare will certainly have a negative impact on every American, but here are five ways it will harm working Americans: Two-thirds of American employees’ wages will decrease as employers deal with increasing costs. Heritage’s Drew Gonshorowski explains the results of an Urban Institute study: “The Urban Institute claims that mid-size …
On this Halloween, a truly frightening specter is looming. No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase this ghoul away. It’s Taxmageddon. A horrifying combination of expiring pro-growth tax policies from 2001 and 2003, the end of the once-temporary payroll tax cut, …
Obamacare includes many disastrous consequences for America’s health care system. Contributing to the impending mess are these 10 provisions that clearly elude common sense. Expanding a program that one in three doctors won’t accept. Obamacare expands a broken Medicaid program that already faces a severe access problem: One out of …
As the Medicare debate intensifies, there still seems to be popular confusion regarding the $716 billion in “savings” from Obamacare’s Medicare payment cuts. Let us end the confusion. Which Parts of Medicare Will Be Cut? In Obamacare, the payment cuts are across-the-board cuts (modifications of Medicare’s complex payment formulas) made …
On January 1, 2013 nearly $500 billion in tax hikes will go into effect. In other words, “Taxmageddon.” Separating truth from fiction in politics, however, is not as clear, as The Heritage Foundation’s Curtis Dubay and Romina Boccia point out in last week’s analysis of the vice presidential debate: About …
During the debate between Vice President Joe Biden and Representative Paul Ryan, several claims were made about Medicare. Some of these were true, others false. See which ones you can guess right: Biden: “We saved $716 billion and put it back, applied it to Medicare.” False. According to the Congressional …
Fiscal year 2012 concluded with a $1.1 trillion deficit, according to the Congressional Budget Office’s monthly budget review released today. It marks the fourth year of trillion-dollar-plus deficits. Anyone can see that these massive, continued deficits are hardly sustainable. Despite claims that tax hikes are the solution to reduce the …
Social Security paid out more to retirees and other beneficiaries than it collected in tax revenue in 2011. This is the second straight year the program is running deficits, as highlighted in a recent Congressional Budget Office (CBO) report. Social Security’s finances will only get worse without reform, as the …
A debate that has been fought largely over the airwaves is about to go head-to-head. Medicare reform is a huge part of that debate, and the left—bolstered by the media—has been promoting two huge falsehoods on the issue. Several proposals from conservatives and liberals for Medicare reform, including The Heritage …
