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    Don’t Be Fooled - Trade Deficits Are Just Fine

    There is a major misconception in the United States concerning the balance of trade and jobs. Many equate trade deficits and increases in imports as bad for employment. They could not be more wrong. In fact, higher imports are a signal of prosperity and plentiful jobs. When a country’s economy … More

    Carbon Tax: Still a Bad Idea

    An anti-carbon tax amendment will likely be considered as the Senate attempts to pass its first budget in four years. While it has been made quite clear that passing a carbon tax would fail in both chambers of Congress, it is important to stress why enacting a carbon tax would … More

    Heritage Experts' Reaction to Senate Continuing Resolution

    The massive spending bill, or continuing resolution, released by the Senate this week continues spending on programs which are inappropriate or wasteful and fails to adopt good policies in many areas. Here’s a rundown of some of the worst offenders in the Senate bill: Obamacare. The CR fails to stop … More

    Minimum Wage Benefits Suburban Teenagers, Not Single Parents

    President Obama argued in his State of the Union address that “no one who works full-time should have to live in poverty.” That is a noble goal, but it has little to do with the minimum wage rate. Only 2.9 percent of U.S. employees work for the federal minimum wage … More

    Morning Bell: Obama's Sequester Smokescreen

    Suppose you desperately needed to lose weight but had a Big Mac with fries and a Coke staring you in the face. You could take your need to diet seriously and say, “No thanks, I’ll have a salad.” Or you could decide to reduce the Big Mac meal by 2 … More

    DeMint on CNBC: We Need a Balanced Budget in 10 Years (VIDEO)

    All this talk of “spending cuts” in sequestration is forgetting one important point: These aren’t true spending cuts. They are reductions in the rate at which government spending is continuing to grow, said Heritage President-elect Jim DeMint on “The Kudlow Report.” He told host Larry Kudlow, “You can see…there’s no … More

    VIDEO: Obama's 13 Tax Hikes in 2013

    President Obama is crisscrossing the country to scare Americans about sequestration. But what’s really frightening are the 13 Obama tax hikes that took effect in 2013. These tax increases, which range from new Obamacare taxes to a payroll tax hike on workers, will slow the economy. Heritage Foundation President-Elect Jim … More

    DeMint: Obama Tax Hikes Will Do More Harm Than Sequester (VIDEO)

    Heritage Foundation President-Elect Jim DeMint says Americans shouldn’t be fooled by President Obama’s scare tactics on sequestration. Federal cuts won’t harm the U.S. economy, DeMint told Fox News’ Greta Van Susteren tonight. It’s the massive Obama tax hikes that are the greatest threat. Most of the media is so sold … More

    Protectionist Jones Act Harms Puerto Ricans

    An obsolete U.S. law known as the Jones Act makes people in Puerto Rico poorer, according to a new report from the Federal Reserve Bank of New York. The Jones Act, also known as the Merchant Marine Act of 1920, requires people transporting goods by ship between two points in … More

    Small Business Owners to Congress: Fix the Debt with Entitlement Reform

    The National Small Business Association’s economic report finds, “The growing national debt is the number one thing small businesses thin[k] Congress and the administration should address.” Small businesses employ the majority of American workers and are vital to the innovation that grows the American economy. After a severe recession, the … More