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    $116 Billion in Wasted Temporary Tax Cuts

    The Wall Street Journal reports today: The Obama administration is betting that an extra $8 a week in most Americans’ paychecks will boost consumer spending and help pull the U.S. out of its downturn. … The $116 billion in tax credits for 95% of Americans will come largely through reduced … More

    When a 'Tax Cut' Isn't a Tax Cut

    “So my whole goal over the next four years,” President Barack Obama said Monday night at the end of his first prime-time White House news conference, “is to make sure that whatever arguments are persuasive and backed up by evidence and facts and proof, that they can work, that we … More

    Morning Bell: A Conservative Alternative to Obama's Permanent Spending Plan

    Last Friday we told you that even by the left’s own ideological criteria, President Barack Obama’s trillion dollar spending plan would fail to stimulate the economy because nothing about the massive spending increases in the bill was temporary. This Sunday the Washington Post wrote an editorial essentially agreeing with us: … More

    Not All Tax Cuts Are Created Equal

    For over a year, the federal government has been trying to stimulate the economy using the same Bush/Obama Borrow and Bailout approach. Specifically policymakers have: Increased total federal spending by 11 percent to nearly $3 trillion; Enacted $333 billion in “emergency” spending; Enacted $105 billion in tax rebates; and Pushed … More

    Morning Bell: Permanent Tax Cuts Only Please

    There are still plenty of terrible economic stimulus ideas coming out of President-elect Barack Obama’s transition team, but there were some encouraging admissions from Obama senior adviser David Axelrod this Sunday on Meet the Press. Asked by NBC’s David Gregory if Obama would break his promise to the American people … More

    Morning Bell: Congratulations, President-Elect Obama

    After a hard-fought campaign nearly two years in the making, last night a candidate was elected president of the United States. That candidate promised to “cut taxes for 95% of workers and their families,” expand the Army by 65,000 and the Marines by 27,000, and enact “a net spending cut” … More

    Congress Considers Another Stimulus to Boost Economy

    With the endorsement of Federal Reserve Chairman Ben Bernanke and lukewarm support from the White House, Congress appears intent on passing another economic stimulus bill, but before lawmakers rush back to Washington after Election Day, they ought to consider the differences between a good measure that helps the economy and … More

    5 Misconceptions About the National Debt

    There is a lot of information about the national debt, but misconceptions cloud the debate. There are five common misconceptions about the national debt. This video explains them, as well as why they are not accurate guides to measure the debt. Heritage’s Brian Reidl also mentions the real threat to the National Debt – unfunded entitlement … More