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    CBO Report Shows President’s Budget Relies on Rosy Economic Assumptions

    According to the non-partisan Congressional Budget Office (CBO), total deficits under President Obama’s 2015 budget proposal would be $1.7 trillion higher than the administration’s previous estimates. This is no small difference; it is equivalent to one and a half sequesters. So, how is it that CBO and the administration can … More

    2014 Tax Day Chart: Who Pays the Most?

    Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers were hit with the President’s myriad tax increases that have contributed to the country’s quickly recovering revenues. Despite calls for more taxes on the rich, … More

    CBO Affirms What We’ve Known All Along: Reducing National Debt Will Grow the Economy

    House Budget Committee Chairman Paul Ryan’s (R–Wis.) steps to reduce the budget would help boost economic growth. Ryan’s 2015 budget proposal contains more than $5 trillion in savings over 10 years and balances by the end of the budget window, leaving a $5 billion surplus in 2024. Ryan’s budget acquires … More

    More Than 500 Economists Agree with the CBO: $10.10 Minimum Wage Would Kill Jobs

    More than 500 economists—including three Nobel laureates—told Congress this week that President Obama’s proposal to hike the minimum wage to $10.10 per hour is a job killer. They explain in a letter how it could threaten the fragile economic recovery and destroy jobs. Economists who signed the letter include Nobel … More

    Spain: Get Economic Freedom Out of the Shadows

    Spain’s economy is finally pulling out of its recession, with growth accelerating from a standstill to a snail’s pace. This is a good sign for a country that has been in recession for nearly two years. But the official estimates of tepid growth in the formal economy are missing the … More

    Heritage Takes the Message of Economic Freedom to Ukraine

    The Heritage Foundation sought to bring a small measure of encouragement to Ukrainians this week as they continue their months-long protests for democratic and market reforms in the streets of Kyiv and throughout Ukraine. At a presentation sponsored by the U.S.–Ukraine Business Council and the Bleyzer Foundation on February 13, … More

    Index of Economic Freedom in Action During a Senate Budget Committee Hearing

    Senator Jeff Sessions (R–AL) recently asked David Rosenberg, chief economist at a Canada-based global wealth management firm, at a Senate committee hearing: Mr. Rosenberg, according to the 2014 Index of Economic Freedom, Canada is more economically free than the United States.… Would you say that [the progress Canada] has made … More

    Sri Lanka: Most Economically Free South Asian Nation

    Sri Lanka has maintained its position as the most economically free nation in South Asia, according to the 2014 Index of Economic Freedom. The country has a sustained annual growth rate of 6 percent since 2010 and continues to pursue economic reforms and liberalization. Despite a dip in its global … More

    Economic Growth to Remain Subpar Because of Policy Uncertainty

    The Bureau of Economic Analysis (BEA) will soon release its first estimate for how fast the economy grew in the fourth quarter of 2013 and for the entire year of 2013. The last report showed the economy moving up sharply in the third quarter of 2013 compared to where it … More

    Congress Tells MCC to Get Back to Basics

    Buried in the 1,582-page, trillion-dollar “omnibus” budget bill for fiscal year 2014 is some very tough language that in essence orders the Millennium Challenge Corporation (MCC) to focus on corruption and demand that aid-receiving countries be held accountable for the outcomes of their economic policies. The report reminds us that … More