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    Response to Club for Growth’s Chocola: Let’s Not Raise Taxes with the Extenders

    In today’s Wall Street Journal, the estimable Chris Chocola, former congressman from Indiana and current president of the Club for Growth, writes that Congress should allow all of the so-called tax extenders to expire. The tax extenders are a collection of roughly 50 tax-reducing policies that regularly expire and, just … More

    2014 Tax Day Chart: Who Pays the Most?

    Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers were hit with the President’s myriad tax increases that have contributed to the country’s quickly recovering revenues. Despite calls for more taxes on the rich, … More

    Heritage’s Macroeconomic Estimate of Camp’s Tax Reform Proposal

    The Heritage Foundation’s Center for Data Analysis recently completed a preliminary macroeconomic analysis of House Ways and Means Committee chairman Dave Camp’s (R–MI) Tax Reform Act of 2014. This draft proposal includes comprehensive tax reform to federal treatment on individual income, business income, and corporate income and is motivated by … More

    Deficient GAO Report Hurts Tax Reform Efforts

    There is broad consensus that corporate tax reform is necessary to unleash business investment that the currently uncompetitive system prevents. Regrettably, some will use a recent report by the Government Accountability Office (GAO) on the effective tax rates paid by U.S. businesses to slow the growing momentum for reform. The … More

    A Step in the Right Direction: Obama’s Chained CPI Proposal

    Outside the President’s general, grow-the-government, increase-the-debt, tax-the-rich budget themes lies a commonsense proposal to use a more accurate measure of inflation when calculating government benefit growth rates and changes in income tax brackets. The purpose of inflation-based adjustments is to account for changes in prices over time. But current inflation … More

    Senate Budget Tax Plan: Slowing Opportunity for Americans to Grow Income

    Senator Patty Murray’s (D–WA) budget tax plan directly calls for $975 billion in new tax increases over the next decade. Indeed, the Senate budget is only a framework document, but it clearly lays out who should pay the higher taxes. The Democratic majority wants higher taxes by “eliminating loopholes and … More

    VIDEO: Obama's 13 Tax Hikes in 2013

    President Obama is crisscrossing the country to scare Americans about sequestration. But what’s really frightening are the 13 Obama tax hikes that took effect in 2013. These tax increases, which range from new Obamacare taxes to a payroll tax hike on workers, will slow the economy. Heritage Foundation President-Elect Jim … More

    Effective Marginal Tax Rates: A Growing Discussion

    Did you notice how your paycheck shrank in January? The expiration of temporary payroll tax cuts boosted marginal tax rates about two percentage points for most Americans. That might not be a very large number on its own, but taken together with the full range of government policies affecting workers … More

    Morning Bell: 13 Tax Increases in 2013

    New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases. Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day. 13 Tax … More

    Sec. Clinton: Our Taxes Aren’t High Enough

    With the Korean Peninsula on the brink of war, a major U.S. Military surge in Afghanistan, and a nuclear treaty that undermines the United States’ ability to defend itself, Secretary of State Hillary Clinton is concerning herself with… America’s taxes? That’s right. Diplomat-in-Chief Clinton yesterday said that the U.S. tax … More