Next January, tax rates will increase—even though the country remains in a recession—unless Congress takes action. The Obama Administration’s solution is to extend the 2001 and 2003 tax cuts except for families earning $250,000 and individuals earning $200,000. But is this the right move from an economic perspective, and the …
Over the last four weeks, The Heritage Foundation sent multiple teams of respected energy, environment, homeland security and response experts to the Gulf to study the federal response to the oil spill. These three delegations, with more to come, have traversed the areas hit hardest by the crisis, talking to response workers, …
As President Obama’s Oil Spill Commission met in New Orleans, Louisiana yesterday, they were met with an unexpected surprise. Drew Landry, a Lafayette native and singer-songwriter treated the commission to a rallying cry for the people of the Gulf, and some wise advice. The Huffington Post reports: “”We definitely need …
Despite fears of how President Obama’s moratorium on deepwater drilling will devastate the Gulf Coast economy, the Administration’s lawyers claim that the damage to the economy must be disregarded: Protecting the environment is the only issue that matters. Although the courts have lifted the moratorium, the fears that it will …
On June 17, Vice President Joe Biden crashed the daily White House press briefing to kick off the Obama administration’s “Recovery Summer,” a six-week-long campaign to promote the belief that “the Recovery Act is working.” VP Biden claimed: “We knew that the hole dug by the recession that was created …
President Obama’s ban on offshore drilling has come under heavy fire. The industries directly and indirectly affected by the offshore moratorium made their voice heard that they oppose the president’s moratorium, and just yesterday Louisiana Governor Bobby Jindal argued in an amicus brief that “The drilling moratorium imposed by [the …
As Mike Allen of Politico reports, Vice President Joe Biden has kicked off what the Obama Administration calls its “Recovery Summer.” According to senior adviser David Axelrod, “This summer will be the most active Recovery Act season yet.” It sounds like Axelrod has never heard the popular saying about what …
Economic freedom boosts job growth, as the Heritage Foundation’s 2010 Index of Economic Freedom empirically demonstrates. Now, there is more evidence in a state-level study just released by the Federal Reserve Bank of St. Louis, “Economic Freedom and Employment Growth in the U.S. States.” According to the Fed research, “states …
