• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • spending

    GDP Fell in the Fourth Quarter of 2012

    The Department of Commerce made news Wednesday by announcing the first quarterly decline in gross domestic product (GDP) since the recession ended in 2009. As always, GDP is only a summary measure, not the whole story. This GDP report continues the narrative of the past three years: We are making … More

    Phil Mickelson and His Tax Bogey

    Professional golfer Phil Mickelson, one of California’s many but dwindling wealthy, apparently carded a bogey when he intimated over the weekend that the near 60 percent marginal tax rate on the state’s millionaires may be enough to make him flee to a lower tax burden state. In November, the state … More

    Morning Bell: "Default" Is a Red Herring in Debt Ceiling Debate

    Yesterday, President Obama accused his opposition in Congress of threatening to “default” on America’s loans in order to make a political point. I am not going to have a monthly or every three months conversation about whether or not we pay our bills because that in and of itself does … More

    Hurricane Sandy Relief: Washington's Latest Spending Spree (VIDEO)

    The U.S. House returns Tuesday to consider the latest installment of Hurricane Sandy disaster aid. The $17 billion base bill (H.R. 152) could grow by an extra $33 billion of pork-laden spending — without offsets. Heritage’s Patrick Louis Knudsen outlined what’s at stake with the spending package this morning. The Senate’s version of the … More

    WATCH: Google+ Hangout on the Sandy Relief Bill

    Last week, Congress passed a $9 billion Sandy relief bill, but they are also considering a supplemental $51 billion aid package that is loaded with pork and unnecessary spending. Join us on Friday, January 11, at noon ET for our “Lunch with Heritage” Google+ Hangout on the outrageous spending in the Sandy … More

    WATCH: Google+ Hangout on the Fiscal Cliff Deal

    Late at night on New Year’s Eve, when most people were out celebrating, the Senate was in session passing a “fiscal cliff” bill. On New Year’s Day, it was the House’s turn to pass the bill, which they did, and it was signed electronically by President Obama on Wednesday. What … More

    Morning Bell: Tax Hikes to Start the New Year

    While you were sleeping—or ringing in 2013—the Senate voted to raise taxes. After missing the midnight deadline, Congress and the President have technically sent the nation over the fiscal cliff, meaning higher tax rates are already in effect for all income tax brackets. But the Senate’s deal, brokered by Senate … More

    5 New Year’s Resolutions for Congress in 2013

    While many Americans resolve to make 2013 the year they really do slim down, exercise more, and spend less, Congress could afford to commit to a few such resolutions of its own. Call them budget resolutions—something Congress hasn’t had in a while. Here are five suggestions: Cut spending. The federal … More

    GAO Cites Waste in U.S. Food Aid Programs—But Does Not Call for Budget Cuts

    Senator Tom Coburn (R–OK) and others in Congress have repeatedly expressed concerns about “fragmentation, overlap, and duplication” in non-emergency food aid programs administered by the United States Agency for International Development (USAID) and United States Department of Agriculture (USDA). But a study released this month by the United States Government … More

    Obama Fiscal Cliff Plan Silent on Payroll Tax Cut

    This time last year President Obama said of the pending expiration of the payroll tax cut, “It may be that there’s [sic] some folks in the House who refuse to vote for this compromise because they don’t think that 40 bucks is a lot of money. But anyone who knows … More