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    The Middle Class Tax Relief and Job Creation Act

    On Friday, December 9, 2011, Representative Dave Camp (R-MI), with several cosponsors, introduced H.R. 3630, the “Middle Class Tax Relief and Job Creation Act of 2011.”  The 369-page bill consists of six titles, main elements of which are discussed below. Title I of the bill gets the government out of … More

    Chart of the Week: Where Does the Federal Government Get Its Revenue?

    President Obama and Republicans in Congress continue to wage war over an extension of the payroll tax cut. But missing from the debate is any discussion of comprehensive tax reform that would eliminate payroll taxes altogether. Social Security and Medicare payroll taxes are the second-largest source of federal revenue, surpassed … More

    Sen. McConnell: Americans Don't Approve of Anything Obama Has Done

    In an exclusive interview with The Heritage Foundation, Senate Minority Leader Mitch McConnell (R-KY) sharply criticized President Obama for engaging in class warfare and accused him of shifting the focus away from his own failed policies in advance of next year’s election. “My view is he’ll have a hard time … More

    The President Health Proposal: Taxing Investment Income

    In preparation for today’s bipartisan Health Care Summit, President Obama released his own version of health care reform earlier this week.  The President’s proposal includes several high-ticket provisions for expanding coverage.  Since he has promised time and again not to raise taxes on the middle-class in order to pay for … More

    What the HIRE Act Giveth, the Rest of Obama Agenda Taketh Away

    The latest attempt by Congress to wrestle the high unemployment rate is the HIRE Act, which is little more than a tax holiday for companies who hire additional workers. Even if this Act works as intended and encourages businesses to hire more workers, which in and of itself is not … More

    Obama’s Health Plan - Taxes, Taxes Everywhere

    The White House recently released President Obama’s health care reform proposal. The plan incorporates a mixture of the many tax increases passed by the House and Senate, hiking taxes by almost $750 billion over ten years. This is on top of $1.3 trillion in other tax increases the President recently … More

    Obama’s Health Plan Has Dangerous New Taxes

    The health care plan President Obama recently released is mostly a combination of the different plans passed by the House of Representatives and the Senate. But in one major way it breaks with long-standing precedent, proposing a fundamental wrong-headed change to both entitlement policy and tax policy. He proposes for … More

    Payroll Tax Holiday: Misguided Reform to Social Security Financing

    Despite efforts by Senator Baucus (D-MT) and Senator Grassley (R-IA) to draft a broad and bi-partisan federal legislation as part of another round of federal “stimulus” Senator Reid (D-NV) has now derailed the endeavor.  After eliminating most of the tax cuts in the bi-partisan effort put forward by Senators Baucus … More

    Tax-Credit-for-Hire: Another Failed Stimulus Policy in the Pipeline

    As President Obama continues campaigning for yet another round of stimulus it appears now that even democrats are beginning to question the soundness of this strategy.  This new focus includes a $5,000 tax credit—among other items— for any business that hires a new worker—effective the year the legislation is passed. … More

    An Entitlement Certain to Grow

    One of the main arguments President Barack Obama and other Democrats have made on behalf of the health care bills that have passed the House and the Senate is that they would reduce the federal budget deficit in the coming decade and in the years following as well. Their claim … More