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  • federal budget in pictures

    Where Did Your Tax Money Go?

    It’s pretty unreal when you see it. Your 2013 tax dollars—which are due today—went primarily to pay for government benefits. Major entitlements (Medicare, Medicaid, and Social Security) gobbled up 49 percent, while more federal benefits took another 20 percent. These additional “income security” benefits include federal employee retirement and disability, … More

    If Only a Snow Shovel Could Dig Us Out of This

    Thanks to Congress, the U.S. now doesn’t have a debt limit for the next year. Let two Heritage experts put this into perspective. “President Obama, after less than five years in office, has already increased the debt limit by more than any other president in U.S. history, including President George … More

    Top 10 Heritage Charts of 2012

    If you’ve read our work, you probably know we love charts. Our signature products — the Index of Economic Freedom and Federal Budget in Pictures — include some amazing informational graphics. We also showcase our charts weekly on The Foundry and in many of our research papers. Today we bring … More

    Chart of the Week: Obamacare's Barrage of Tax Hikes Coming in 2013

    The first presidential debate takes place in Denver on Wednesday with a focus on domestic issues, including President Obama’s unpopular health-care law. Obamacare imposes numerous tax increases on Americans, totaling more than $500 billion over a 10-year period. According to Heritage’s analysis, these higher tax rates on income and investment … More

    Washington Needs Budget Sense

    Budget Sense, a bi-weekly newsletter from The Heritage Foundation, delivers the most recent developments in the struggle to bring America’s fiscal house in order and save the American Dream. Each issue of Budget Sense features the latest work from Heritage experts giving timely information, commentary, and analysis on the issues … More

    Chart of the Week: Taxes Soaring Past Highest Level Ever

    Americans are facing an unprecedented $494 billion tax hike on Jan. 1, 2013. It’s been dubbed “Taxmageddon” given the economic devastation it would cause. Conventional wisdom suggests lawmakers in Washington will wait until the 11th hour to come up with a solution. Fortunately, Speaker John Boehner (R-OH) announced last week … More

    Online Chat about the Federal Budget - LIVE NOW

    Heritage recently released the 2012 Federal Budget in Pictures. It graphically illustrates  the direction our country is headed under current policies. Click here to join us right now for our “Lunch with Heritage” online chat. We are joined by Heritage’s Alison Fraser and she is taking your questions about the … More

    Federal Budget in Pictures Shows Medicare’s Path to Crisis

    The Medicare trustees report, released this week, reinforced the urgent need to reform the federal health insurance program for seniors. Medicare is on an unsustainable path, and sticking with the status quo guarantees a Medicare crisis in the not-so-distant future. As The Heritage Foundation’s Bob Moffit and Rea Hederman explain, … More