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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

    Practical Solutions That Could Help Restore the American Dream

    “As governors, as state leaders, we’re more optimistic than our friends in Washington. We’re not just against something. We’re laying out a plan, laying out a vision. You don’t just sit back and nick the other side — you’ve got to lay out a plan.” That was Wisconsin Gov. Scott … More

    Tony Stark, Come Home: Hollywood Seeks Tax Breaks to Lure More Movies

    Hollywood’s new role may be as the world capital for film entertainment in name only, unless California can compete with other states in tax incentives, industry watchers say. FilmL.A. Inc., the nonprofit film office of the city and county of Los Angeles, has partnered with Warner Bros. Entertainment, unions and others … More

    How to Help Uninsured Americans

    Two of the problems Obamacare promised to solve were getting coverage for people with pre-existing conditions and helping the uninsured get coverage. Last week, we talked about how Heritage’s alternative to Obamacare would help people with pre-existing conditions. Today, let’s talk about the uninsured. Obamacare’s promise of insuring all Americans … More

    Obamacare Cost Rises by $30 Billion

    The Congressional Budget Office (CBO) issued a new statement on the budgetary effect of repealing the Affordable Care Act (Obamacare) for fiscal years 2014 to 2023. The CBO did not model or update a full scoring of repeal. It found that the cost of Obamacare has increased by $30 billion … More

    $1.2 Billion in Cash Goes to Energy Projects, Despite Sequestration

    Despite a fiscal cliff and sequestration worries, more than $1.2 billion in cash payments for energy projects (in lieu of tax credits) have been issued by the Department of Treasury and Department of Energy since January 1, according to documents from the U.S. Treasury. Through February 14, $1,254,769,726 was distributed … More

    A Simple and Wrong Answer to Poverty: Increasing the Minimum Wage

    During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not work. Labor economists have repeatedly studied the effects of minimum wage increases. They find no correlation between higher minimum wages and lower poverty. Raising the … More

    12 Days of Obamacare Surprises: Small Business Tax Credit

    Not all surprises are good. When it comes to Obamacare, the original projections are turning into unfortunately different realities. For the next 11 days, Heritage is going to highlight one of the various changes in Obamacare projections (i.e. cost, enrollment, etc.) from when the law first passed until now. The … More

    Obama Promises to Increase Taxes on Small Business, Then Give Them a Tax Credit

    In the midst of President Obama’s push to hike taxes on the most successful job-creating Americans, the President proposed a new “stimulus” of $25 billion to offer tax breaks to businesses for hiring new employees or paying workers higher salaries. Sound like déjà vu? That’s because Congress and the Obama … More

    Wind PTC Already Phasing Out—for Certain

    The production tax credit (PTC) for wind energy is set to expire at the end of this year, but its supporters are arguing for an everlasting extension using twisted logic. For a while, the argument was that businesses need certainty. The law as it currently stands provides certainty—eligibility for the … More