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    Look Closer: Tax Increases, Not Spending Cuts, Are the Harmful Austerity

    Proponents of government spending want to use the recent history of Europe as evidence that spending cuts are harmful, but their arguments lose traction when one looks closely at the data. One example comes from Paul Krugman, who used the International Monetary Fund’s Fiscal Monitor data to argue that “austerity … More

    Reid Throws Major Roadblock in Front of Tax Reform

    Senate Majority Leader Harry Reid (D–NV) has just thrown a roadblock in front of tax reform that could stall the strong momentum that has been building for reform. Reid said that any tax reform plan must raise significant revenue. In other words, he wants tax reform to provide cover for … More

    VIDEO: Three Reasons to Reform Social Security Now

    In a recent video by ReasonTV, Nick Gillespie describes Social Security as a “fiscal and demographic disaster.” Heritage research provides further support that the program “desperately needs to be reformed right now—for at least three reasons”: Social Security pays more in taxes than it receives in benefits. A recent Heritage … More

    Senate Budget Tax Plan: Slowing Opportunity for Americans to Grow Income

    Senator Patty Murray’s (D–WA) budget tax plan directly calls for $975 billion in new tax increases over the next decade. Indeed, the Senate budget is only a framework document, but it clearly lays out who should pay the higher taxes. The Democratic majority wants higher taxes by “eliminating loopholes and … More

    Scholars Agree: High Tax Rates Do Harm Growth

    The Congressional Research Service (CRS) stirred controversy last year when it released a study claiming that tax rates do not influence economic growth. Predictably, those who favor higher taxes used the flimsy report to bolster their backward argument that raising tax rates, as Congress and President Obama did with the … More

    Government Unions Support California Tax Hike

    Two well-connected government unions in California are teaming with Gov. Jerry Brown to support a multibillion-dollar tax increase. The California Teachers Association and Service Employees International Union were the top two spenders for lobbying in 2011 with combined efforts totaling more than $10 million, according to Sacramento Bee. Now they’re … More

    Rep. Jan Schakowsky: "You Don't Deserve To Keep All Your Money"

    In a interview with Chicago’s Don Wade & Roma radio show this morning, Congresswoman Jan Schakowsky claimed that Americans aren’t entitled to all of their own money. Toward the end of a wide-ranging interview, the hosts played a clip from this week’s Republican Presidential Debate where California teenager Tyler Hinsley … More

    Side Effects: New Tanning Tax Burns Business Owners

    In the days and weeks following the signing of Obamacare into law, Administration officials have attempted to promote all of the legislation’s immediate impacts. Owners of tanning salons across the country are already seeing one of those immediate impacts—a whopping 10% tax. One salon owner in Western Oregon laments in an … More

    Morning Bell: $1 Billion AT&T Headache is Just Obamacare's First Side Effect

    In the closing days of the Congressional health care debate, House Speaker Nancy Pelosi (D-CA) told the National Association of Counties: “We have to pass the bill so that you can find out what is in it.” Today marks the end of just the first week of life under Obamacare … More

    A First Look At The House Health Care Fix: More Bad News

    In their feverish effort to enact the Senate health bill, the House leadership recently released their 153 page bill to fix the underlying 2,409 page Senate legislation through the budget reconciliation process. As a matter of health policy, there is little that is substantively different between the Senate bill and … More