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    300 Economists Counter White House Claim on Taxes

    According to a recent White House video explaining the administration’s opposition to extending the 2001 and 2003 tax cuts, Council of Economic Advisers Chairman Austan Goolsbee claims: “If you ask objective economists and analysts around the country about what is effective you will find that everyone agrees that these giant … More

    Taxhiker in Chief Takes On Social Security

    There he goes again. President Obama is proposing yet another huge tax hike. Maybe we should cut to the chase and just ask our Taxhiker in Chief to state his final figure—what he thinks the total level of taxes and the tax distribution should look like. Then we could have … More

    The Obama Tax Hike Would Slam Seniors

    There are many reasons to be against the Obama tax hikes, especially as the economy struggles to recover. However, even putting aside economic growth considerations, it is simply not true that only the “rich” will be affected by the tax increase. For example, small businesses (and their workers), as well … More

    Obama Tax Hike Plan Still Supported by Myths and Straw Men

    The White House recently released a video defending President Obama’s tax hike plan featuring the new Chairman of the Council of Economic Advisors, Austan Goolsbee. Goolsbee replaced Christina Romer in September. Even though the personnel have changed, the flawed arguments supporting the President’s tax hike plan remain the same. In … More

    The Obama Tax Hike and Lessons from 1937

    Raising taxes on successful businesses is one thing we cannot afford to do. Large, successful businesses that create jobs would be hit the hardest, but small businesses would also be hurt by such a tax increase. Although economists disagree on many aspects of economic growth and recession, there is near-unanimity … More

    NEW VIDEO: Heritage Foundation Takes On White House's Misleading Tax Video

    Last week, the White House announced a new White House White Board video series in which “one of our key players on the White House team will cut through the political back-and-forth you hear every day and break down an issue affecting American families into simple, understandable terms”. Their first … More

    CBO Makes the Case for Change of a Different Sort

    Congressional Budget Office (CBO) Director Douglas Elmendorf recently testified before the Senate Budget Committee on policies that might give the economy a helpful lift in the near term. Congress is right to be concerned. But for an inventory surge last winter, the economy remains stuck in low gear at about … More

    Reviewing a Do-Nothing (Right) Congress

    As Members of Congress limp out of Washington to face their constituents, it’s worth reviewing their accomplishments—or lack thereof. The most basic function of Congress is to manage the public purse. The most basic step in managing finances—whether of a family, a business, a state, or a nation—is to pass … More

    Morning Bell: The Bipartisan Fight Against the Obama Tax Hikes

    At 20 minutes after midnight this morning, Speaker Nancy Pelosi (D-CA) gaveled the House out of session, assuring that Congress will now adjourn until after the November elections without taking any action to stop the Obama tax hikes. Earlier in the day, 39 Democrats defied Speaker Pelosi and voted with … More

    Congress Again Creates Confusion and Again Harms the Economy

    The inability of Congress to stop the Obama tax hikes is already having a real, negative impact on the U.S. economy. Businesses are delaying hiring and investment decisions because they do not know what their tax liability will be next year. Even tax experts have noticed the incredible amount of … More