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    Response to Matt Yglesias: Heritage Tax Chart Isn’t Misleading

    Matt Yglesias, now with Vox, finds this chart of ours misleading: He admits that the data is correct and that what it shows—that the federal income tax is highly progressive—is also correct. So what’s the problem? Our chart looks exclusively at federal income taxes in the context of the current … More

    A Swedish (Economic) Lesson for President Obama in One Chart

    President Obama is making the first ever bilateral visit to Sweden by a sitting U.S. President. As The Heritage Foundation and Swedish think tank Timbro discussed in a recent Google Hangout, the President should learn from Sweden that advancing economic freedom, not big-government policies, is the driver of economic dynamism. … More

    Obama’s New "Grand Bargain" Is Another Tax Increase

    President Obama gave his second in series of summer speeches on the economy today. Like his first speech last week, he recycled several old policies that he’s trotted out before. The only new policy of note was another attempt at a so-called “grand bargain.” The President’s latest iteration of a … More

    Deficient GAO Report Hurts Tax Reform Efforts

    There is broad consensus that corporate tax reform is necessary to unleash business investment that the currently uncompetitive system prevents. Regrettably, some will use a recent report by the Government Accountability Office (GAO) on the effective tax rates paid by U.S. businesses to slow the growing momentum for reform. The … More

    Morning Bell: What Did Apple Do Wrong?

    Members of Congress called Apple executives to testify on Capitol Hill yesterday. Why? Because the company makes money overseas, and some Senators want to get their hands on the cash. A Senate subcommittee accused the company of “shifting” profits from the U.S. to other countries and avoiding paying taxes. But … More

    Hunting for Surprises in the Obama Budget

    It is somehow fitting President Obama released his budget for Fiscal Year 2014 after Easter, a mere 65 days late—but who’s counting? Fitting because going through Obama’s budget is like an Easter egg hunt for which those in charge of hiding the eggs are masters of their craft. It takes … More

    Morning Bell: The Highest Taxes in the World

    There aren’t many American-owned companies more iconic than Anheuser-Busch, the famous producer of Budweiser beer based in St. Louis, Missouri. That was true up until 2008, when the Brazilian-Belgian company InBev executed a hostile takeover of the historic brewer, leading to layoffs of more than 1,800 workers. Unfortunately, conditions in the … More

    A 'Global Minimum Tax' if Biden Gets His Way

    If you think a “global minimum tax” sounds like a whacky conspiracy theory, you’d be wrong. According to Vice President Joe Biden, it’s the answer for helping to spur manufacturing in the United States. Here are his remarks at a campaign event in Davenport, Iowa (in which he addresses the … More

    Outside the Beltway: Pepsi Cans Baltimore Plant in Face of Sin Tax

    Remember the Pepsi Challenge? All across America in the 70s and 80s, Pepsi held blind taste tests to prove that Americans prefer its soda pop to Coca-Cola. Now Pepsi faces its own challenge and a choice. Would it rather do business in a city that slaps “sin taxes” on its … More

    U.S. Losing Global Competitiveness with High Corporate Tax Burden

    High corporate tax rates are undermining U.S. international competitiveness. The global economy continues to demand that companies be flexible and swift in order to remain competitive. High tax rates deprive companies of both the means and the incentive to take advantage of new market opportunities or technological changes that can … More