• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • investment

    Obama's Dirty Little Tax Secret: He's Already Raised Taxes on the Rich (CHART)

    The one glaring omission in President Obama’s fiscal cliff demands for higher rates on top earners is that he’s already raised their taxes. That’s right! When he signed Obamacare into law, he raised tax rates on families earning more than $250,000—his definition of rich. He has done so by including … More

    Costco to Pay Out Big Dividend Before Obama Tax Hikes Hit

    Add Costco co-founder Jim Sinegal to the list of corporate allies of the Obama Administration whose rhetoric and actions contradict one another. Speaking at the Democratic National Convention back in September, Sinegal stated: And that’s why I am here tonight supporting President Obama, a President making an economy built to … More

    Another Downward GDP Revision Shows Economy Still Not Recovering

    On Thursday, the Department of Commerce revised its second quarter estimate of economic growth (in terms of real gross domestic product, or GDP) down to 1.3 percent from 1.7 percent. Anything less than a 2 percent rate of growth is more typical of an economy wilting toward recession than an … More

    Chart of the Week: U.S. Corporate Tax Rate Is Uncompetitive

    The U.S. is a worldwide business leader. However, high corporate taxes increase the difficulty for businesses to compete internationally in this age of globalization. Private investment in the U.S. can be increased if the federal statutory corporate income tax rate is reduced. According to Heritage analysts, the federal corporate rate matters … More

    Discouraging Retirement Savings Is No Way to Reduce the Federal Deficit

    It’s a fact that runaway spending, not lack of revenue, is the cause of long-term federal deficits. Still, some continue to push for higher taxes to solve the problem. A favorite tool of would-be revenue raisers is to eliminate “tax expenditures”—revenue the federal government “forgoes,” they say, due to tax … More

    Tax Hikers Senselessly Stuck on Saving

    Tax-hike advocates have erected yet another straw man to protect their high-tax policy, now arguing that little economic harm would be done if Congress and the president were to raise taxes on higher earners because these high-tax sufferers would have saved the money anyway. Yet the issue is not saving … More

    The House Health Fix: Even Higher Job Killing Investment Taxes

    It takes investment to get sustainable economic growth. We can’t spend our way to growth. We have to save some of the stuff we make today and use it to create new, higher value, tomorrow. If we produce and consume it all, then our economy lives “hand-to-mouth” and we do … More

    "Mostly Free" Means Fewer Jobs, Less Money for Millions in U.S.

    This year’s Index of Economic Freedom contains the unsettling news that the United States has dropped out of the exclusive club of free economies and is graded “mostly free” for the first time in the Index’s 16-year history. The United States’ Index score dropped from last year’s 80.7 to this … More

    Meet GM's Bondholders: Jim Graves

    As the State of Indiana announces it will no longer invest in bonds issued by banks and automakers who receive federal bailout money, and waits for a court ruling on whether the the U.S. government acted legally in the Chrysler bankruptcy, we thought we would bring you another installment of … More

    Morning Bell: The Investment Adviser in Chief

    The Obama Administration finally seems to have noticed that all of their policy announcements so far have only fueled economic despair, not alleviated it. So President Barack Obama took the rare opportunity yesterday of offering some investment advice to the American people: “What you’re now seeing is profit and earning … More