Should we raise the minimum wage? The editors at Bloomberg think so. They maintain that low-wage jobs are expanding and that a minimum wage hike would boost the economy. Despite these notions, hiking the minimum wage remains a bad idea. Bloomberg first laments that low-wage jobs are becoming the norm: …
April 29 marks the third year in which the U.S. Senate has not passed a budget — a staggering dereliction of duty, particularly given the country’s near-$16 trillion debt. But that’s not the Senate’s only blockbuster failure under the leadership of Majority Leader Harry Reid (D-NV). From spending to jobs …
What do you do when you’re losing a debate? Change the subject. That’s really all you need to know to understand President Obama’s resuscitation of his infamous “Buffett Rule” that would impose a minimum 30 percent effective tax rate on businesses and families earning $1 million. The Supreme Court gave …
A little over three years ago, President Barack Obama’s advisers released a chart that purported to predict the future. With the President’s almighty stimulus, they said, unemployment in America would plummet. And the President promised that unemployment would never rise above 8 percent. Well, they were wrong. In the chart …
After last week’s Republican primary elections in Wisconsin, Maryland, and Washington, D.C., the 2012 presidential primary season is reaching an inflection point, and eyes are turning toward America’s final decision on Election Day in November. While pundits and pollsters speculate on the horse race and who will capture the hearts …
Today is the official second anniversary of Obamacare’s signing, but there’s little to celebrate. The Heritage Foundation’s re-launched version of “Obamacare in Pictures: Visualizing the Effects of the Patient Protection and Affordable Care Act” shows through new charts and graphs Obamacare’s far-reaching negative effects on Americans. Here are just a …
Obamacare’s provisions will result in significant job loss across America. Below is a summary of how Obamacare’s provisions will harm job growth: Employer mandate. Obamacare requires all businesses with 50 or more full-time employees to provide health coverage for their workers or pay a $2,000 penalty for each employee after …
