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  • Joint Select Committee on Deficit Reduction

    Chart of the Week: Runaway Spending, Not Low Tax Revenue, Fueling Deficits

    Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive tax hike. In a speech at Heritage last week, he said tax revenue isn’t the problem facing the United States in the future; it’s the … More

    Exclusive Interview: Sen. Pat Toomey on the Super Commitee's Failure

    As one of the 12 members of Congress on the Super Committee, Sen. Pat Toomey (R-PA) had a front row seat for all the negotiations. Since the committee’s announcement late last month that they had failed to reach a deal on at least $1.5 trillion in savings, Toomey has been very vocal … More

    Chart of the Week: Defense Spending Dwindles Under Obama

    The Heritage Foundation and American Enterprise Institute host a Republican presidential debate on CNN this Tuesday at 8 p.m. on the subjects of foreign policy and national security. At a time when domestic issues dominate the headlines, Tuesday’s debate offers an opportunity to refocus our attention on matters of constitutional … More

    Exclusive Interview: Sen. Cornyn Says Obama Has 'Given Up on Governing'

    The debt-limit deal this summer guaranteed a vote on a Balanced Budget Amendment this year. As the House and Senate prepare to vote, there is concern among conservatives that lawmakers will act on a proposal that includes weaker language than others. Sen. John Cornyn (R-TX) spoke at Heritage today about … More

    Chart of the Week: Taxing the Wealthy to Cover Future Deficits Won't Work

    Democrats on the Joint Select Committee on Deficit Reduction last week floated a proposal that includes massive tax increases on wealthy Americans. While their plan would also include some cuts to entitlement programs, the tax-code changes make up a significant portion, according to press reports. The Los Angeles Times reported: … More

    Exclusive Interview: Rep. Paul Ryan Blames Obama for Dividing America

    Rep. Paul Ryan (R-WI) is mighty disappointed with President Obama. The chairman of the House Budget Committee, who has bested Obama in head-to-head policy showdowns, blames the president for failing to outline a solution to the debt crisis while dividing America with talk of class warfare. Ryan’s speech at Heritage … More

    Congressman: Lobbyists Know More About Super Committee Than He Does

    Rep. Tim Huelskamp (R-KS) came to Washington in January ready to have a vigorous public debate over America’s debt crisis. He’s less optimistic about the outcome today — a result of the super-secret Joint Select Committee on Deficit Reduction. “I thought it was a very, very bad idea to create … More

    Chart of the Week: Cutting All Defense Spending Would Not Solve Debt Crisis

    House Armed Services Chairman Buck McKeon (R-CA) is a man on a mission. He’s making the rounds on Capitol Hill to convince his colleagues, particularly those on the 12-member Joint Select Committee on Deficit Reduction, that they should avoid cutting defense spending. McKeon has a point — and it’s one … More

    Chart of the Week: U.S. Rivals Japan for World's Highest Corporate Tax Rate

    Republicans and Democrats on the Joint Select Committee on Deficit Reduction this week finally agreed on something substantive: The U.S. corporate tax rate is too high. It’s a point we’ve been making for years at Heritage. High federal and state corporate tax rates — a whopping 39.2 percent when combined … More

    Simple Steps for Super Committee Transparency

    Roll Call carries op-eds today from the Ripon Society and Heritage debating the merits of Super Committee transparency. Ripon’s Lou Zickar thinks the Joint Select Committee on Deficit Reduction would benefit from privacy. I argue that’s exactly the wrong approach for the most powerful committee in congressional history. As the … More