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    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

    Social Security Disability Insurance Program Requires Immediate Reform

    The Social Security Disability Insurance (SSDI) trust fund is projected to run dry in just two years. Absent legislation to address the disability program’s impending insolvency, benefits for all disability recipients will be cut by 21 percent beginning in 2016. For short-sighted policymakers, redirecting funds from the Old Age Social … More

    Generation X and Millennials Face Retirement Crisis

    While social commentators bemoan the impending retirement crisis facing baby boomers, younger Americans should really be the ones worrying, argues Heritage’s Romina Boccia on Next Generation TV. >>> Watch the video here. Over the next 20 years, the working age population is supposed to increase by 10 percent, but the … More

    These 13 Tax Increases Hit in 2013

    It’s about time for us to uncover our eyes and take a hard look at what 2013 did to our finances. Did you feel the pinch of the 13 tax hikes that hit Americans this year? Before you review the list below, put these two on your watch list for … More

    The Case for Medicare Reform in One Chart

    Last week’s release of the annual long-term budget outlook by the Congressional Budget Office (CBO) illustrates the need to control federal spending, and spending on health entitlements in particular. One chart from the report explains why the Medicare Part A trust fund could “be exhausted just beyond the coming decade,” … More

    Obamacare and Its Impact on Hispanics

    Here’s something you won’t hear from the Hispanic media, the mainstream media, or the White House: Among the many terrible side effects of Obamacare is its adverse effects on Hispanics. This stems from the fact that the Hispanic population is one of the youngest, in addition to Obamacare’s impact on … More

    Social Security Turns 78: What Was It Meant to Do?

    When President Franklin D. Roosevelt signed Social Security into law on August 14, 1935, he referred to it as “a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.” But today’s Social … More

    A Constructive First Step to Reform Social Security

    Dave Camp (R–MI), chairman of the House Ways and Means Committee, has announced a series of hearings on bipartisan entitlement reform proposals, the first of which is using the chained Consumer Price Index (CPI) for Social Security. In advance of these hearings, Camp has issued a request for public input. … More

    VIDEO: Three Reasons to Reform Social Security Now

    In a recent video by ReasonTV, Nick Gillespie describes Social Security as a “fiscal and demographic disaster.” Heritage research provides further support that the program “desperately needs to be reformed right now—for at least three reasons”: Social Security pays more in taxes than it receives in benefits. A recent Heritage … More

    Social Security’s Unfunded Obligation Rises by $1 Trillion

    Contrary to claims by cheerful news sources, Social Security’s deficit outlook is not “unchanged” or “no worse.” Social Security’s unfunded obligation rose by $1 trillion according to the latest trustees’ report. U.S. taxpayers now owe $12.3 trillion to pay scheduled benefits—in addition to what Social Security can hope to collect … More