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    Obama's Dirty Little Tax Secret: He's Already Raised Taxes on the Rich (CHART)

    The one glaring omission in President Obama’s fiscal cliff demands for higher rates on top earners is that he’s already raised their taxes. That’s right! When he signed Obamacare into law, he raised tax rates on families earning more than $250,000—his definition of rich. He has done so by including … More

    Morning Bell: Obama Wants Power to Raise Debt Limit By Himself, Anytime

    President Obama wants to do away with Congress when it comes to raising the country’s legal debt limit. Instead of getting permission from the people’s elected representatives to borrow and spend more money, he wants to do that all by himself. It seems typical of the President Obama we know, … More

    Even Baseball Players Are Watching the Fiscal Cliff

    The fiscal cliff is getting closer by the day, and it’s not just Washington wonks who are noticing. Even baseball players are on fiscal cliff watch. Government Executive recently looked at the details of Major League Baseball star B.J. Upton’s newly signed five-year contract with the Atlanta Braves. There’s at … More

    White House Speeds Toward Fiscal Cliff, Declining House Republicans' Request for Terms

    Late Monday afternoon, the House Republican leadership lofted its latest offering to address the fiscal cliff. The kindest conservative response possible to this proposal is that it was “a dud.” It was much worse than a dud, however, as Heritage described in its initial response to the House proposal. Not … More

    Morning Bell: What IS the Fiscal Cliff?

    With just a few weeks left in 2012, all eyes in Washington are on Capitol Hill and the “fiscal cliff” negotiations. As usual, Congress and the President are taking highly contentious issues down to the wire before cutting a deal—never a situation that ends well for taxpayers. Federal Reserve Chairman … More

    Fiscal Cliff: Will Obama Stop Kicking the Can Down the Road on Entitlements?

    Even with the President’s desired tax hikes, publicly held debt would rise by $7.7 trillion in 10 years under the President’s budget. That’s right: Our federal debt would continue growing even if the President gets his way completely in the fiscal cliff negotiations. Until the debate focuses on reining in … More

    Morning Bell: 6 Fixes to America's Fiscal Crisis

    President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to … More

    Lesson for Warren Buffett: British Millionaires' Response to Tax Increases

    As the fiscal cliff approaches, Congress and President Obama continue to debate tax increases, even though spending is the problem. Investor Warren Buffett recently opined that tax hikes on the wealthy would not curtail investments or hurt the economy. His logic, like President Obama’s, assumes that incentives don’t matter. Oh … More

    Lunch with Heritage Google+ Hangout on the Fiscal Cliff

    While we are poised on the edge of a “fiscal cliff,” there are things the President and Congress can do to move us away from it. We will be hosting a Google+ Hangout live on our Google+ Page and here on The Foundry on Friday, November 30, at noon ET … More

    Bipartisan Tax Reform? It Happened in 1986

    Whenever Washington leaders start talking about the economy, they like to refer to deals and legislation from years past. In the latest fiscal cliff talks, the Tax Reform Act of 1986 has come up. Why? A series of talks on how the impending fiscal cliff might be avoided kicked off … More