The Wall Street Journal reports that America’s uncompetitive corporate tax code is driving U.S. businesses to relocate their headquarters to other countries. One of the major reasons these businesses are fleeing our shores is taxes. Each of the countries the article cites as places where U.S. businesses have moved their …
Last week, the U.S. Department of Labor released its Employment and Unemployment Among Youth—Summer 2012 report. While many youths (ages 16-24) found a summer job this year, many did not even try. Fully 39.5 percent of the youth population neither worked nor looked for work this summer. This number has …
Small businesses are getting a lot of focus from politicians, because they are a key engine of job creation—which has stalled in the U.S. economy. A Republican National Convention theme of “We Built It” continued the political debate over the economy yesterday. A survey by the National Federation of Independent …
Since Heritage’s Robert Rector and Kiki Bradley broke the story on July 12 that the Obama Administration had gutted the work requirements from the 1996 welfare reform law, the Administration has denied it. In recent weeks, media “fact checks” have popped up all over declaring The Heritage Foundation’s scoop “False.” …
Yesterday, the Congressional Budget Office (CBO) reported that without a doubt, America will have a fresh recession next year unless Congress and the President prevent it. We are facing the largest tax increase in history—Taxmageddon, scheduled to take effect January 1—and what experts are calling a “fiscal cliff” of sharp …
About 1.6 million American jobs hang in the balance. That is the clear implication of analysis contained in the annual budget update by the Congressional Budget Office (CBO). Along with all manner of dire and dreary budget data reflecting President Obama’s budget and economic policies to date, CBO provides its …
A stimulus program designed to create jobs by funding rural utility projects has created only about 12% of the jobs projected at the outset of the program in a sample of towns recently examined by the Agriculture Department’s Inspector General. The IG examined 22 local utilities and government agencies to receive …
The Obama Administration has effectively gutted the work requirements of the bipartisan welfare reforms of 1996. In doing so, it is trampling on the central policy that made welfare reform work. The lesson for policymakers from those reforms was that good principles, good policy, and good results go hand in …