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    Does the United States Really Have a Trade Deficit?

    In 2012, $3.4 trillion came into the United States through trade and investment, and $3.4 trillion left, according to the Bureau of Economic Analysis (BEA). Every dollar Americans sent to people in other countries was balanced by a dollar sent back to the United States: 64 cents for U.S. exports, … 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

    Smaller Paycheck? Welcome to Obama's Post-Fiscal-Cliff World

    Working Americans receiving their first full paycheck of the year may have had a rude awakening today. Despite all the President’s promises not to raise taxes on the middle class, he did exactly that. By allowing the payroll tax holiday to expire at the end of 2012, President Obama and … More

    Morning Bell: 13 Tax Increases in 2013

    New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases. Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day. 13 Tax … More

    Settling the Question of a Real Estate Tax in Obamacare

    By now, Americans have become well acquainted with the fact that the Patient Protection and Affordable Care Act (PPACA) will have a multitude of adverse effects. The new law is certain to add to the federal deficit. It increases taxes on all Americans in a number of different ways, encourages … More

    Reconciliation Bill Adds Even More Taxes

    A jubilant President Obama put his signature on health care legislation yesterday, but the work isn’t done quite yet. The U.S. Senate must pass the Reconciliation Act of 2010, making a number of tax changes to current law. By signing the legislation, Obama already broke his campaign promise not to raise “any … More

    The President Health Proposal: Taxing Investment Income

    In preparation for today’s bipartisan Health Care Summit, President Obama released his own version of health care reform earlier this week.  The President’s proposal includes several high-ticket provisions for expanding coverage.  Since he has promised time and again not to raise taxes on the middle-class in order to pay for … More