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  • fiscal cliff

    Departing Depardieu: French Icon Says “Non” to Taxes, Gives D.C. a Lesson

    It’s not often that a Frenchman becomes a hero to conservatives, and extremely rare when he happens to be an actor. But even some Frenchmen have a threshold of pain when it comes to the confiscatory state. In this case it has been Gerard Depardieu, France’s best known thespian, who … More

    Morning Bell: 3 Simple Solutions for Fixing Social Security

    Later today the Republican-led House of Representatives will vote on “Plan B,” the latest unsatisfactory proposal put forward by Speaker John Boehner (R-OH) to avoid the fiscal cliff. Boehner’s plan would protect most Americans, except for millionaires, from a tax hike. But even this is a poor fix because it … More

    Obama Fiscal Cliff Plan Silent on Payroll Tax Cut

    This time last year President Obama said of the pending expiration of the payroll tax cut, “It may be that there’s [sic] some folks in the House who refuse to vote for this compromise because they don’t think that 40 bucks is a lot of money. But anyone who knows … More

    Obama’s “Lucy Move the Football” Fiscal Cliff Plan Still Not Balanced

    Volleys of negotiating counter-offers are coming in faster now that Christmas break and the looming fiscal cliff are just around the corner. While there is much unsatisfactory with Speaker of the House John Boehner’s (R–OH) Sunday night proposal, let us not forget that the reason we are watching this needless, … More

    Fiscal Cliff Solutions: Soar Over the Cliff or Kick the Can

    Kicking the can is the least repugnant remaining resolution to the fiscal cliff. The only alternatives appear to be the Republicans’ unconditional surrender on income tax rates (and conceding their principles) or simply going over the cliff. The story is now a familiar one. Congress and the President conspire to … More

    Too Eager for a Fiscal Cliff Deal: Republican Leadership's $1 Trillion Tax Hike

    The latest fiscal cliff proposal by Speaker of the House John Boehner (R–OH) is infuriatingly frustrating to conservatives, again. In exchange for $1 trillion in tax hikes—including the President’s immediate tax rate hike on the wealthy—Boehner asked for just $1 trillion in spending cuts. And, to sweeten the pot for … More

    Morning Bell: Rebuilding Communities

    Many Americans will find it difficult to return to their daily routines today. The massacre at a Connecticut elementary school Friday, in which 26 people were murdered in an act of senseless violence, including 20 small children, has left the country shocked. The Heritage Foundation expresses its condolences to the … More

    Hurricane Sandy and FEMA Abuse

    Last week, President Obama issued a request for $60.4 billion for Hurricane Sandy response and recovery. Yet as the fiscal cliff continues to loom nearby, many on Capitol Hill are asking exactly where that money would come from. While House Speaker John Boehner (R–OH) has indicated that he is still … More

    Coverdell Education Savings Accounts to Be Thrown from Fiscal Cliff?

    Lost in the fiscal cliff discussion has been any hint of whether Coverdell Education Savings Accounts (ESAs) will be permitted to continue in their current form. As it stands, beginning January 1, parents will no longer be able to use these accounts for expenses for kindergarten through high school without … More

    Morning Bell: What Will the Fiscal Cliff Deal Look Like?

    This week, President Obama and House Speaker John Boehner (R-OH) have been trading secret offers on the fiscal cliff. Last night, they met for nearly an hour, and emerged with zipped lips about what progress—if any—they made on averting tax hikes across the board and automatic, deep budget cuts that … More