President Obama has a new booklet—a glossy, 20-page spread called “The New Economic Patriotism: A Plan for Jobs and Middle-Class Security.” The title is completely Orwellian, since the plan—which is nothing new—would actually kill jobs, harming the middle class. As expected, the “new patriotism” means paying more in taxes for …
On January 1, 2013 nearly $500 billion in tax hikes will go into effect. In other words, “Taxmageddon.” Separating truth from fiction in politics, however, is not as clear, as The Heritage Foundation’s Curtis Dubay and Romina Boccia point out in last week’s analysis of the vice presidential debate: About …
In the recent presidential debate, President Obama said that only 3 percent of small businesses would pay higher rates under his plan to increase the top two marginal tax rates. The implication was that job creation wouldn’t suffer, because so few businesses would pay higher tax rates under his plan. …
Fiscal year 2012 concluded with a $1.1 trillion deficit, according to the Congressional Budget Office’s monthly budget review released today. It marks the fourth year of trillion-dollar-plus deficits. Anyone can see that these massive, continued deficits are hardly sustainable. Despite claims that tax hikes are the solution to reduce the …
During a Sunday evening interview on CBS’s “60 Minutes,” President Obama made numerous factually inaccurate or misleading claims. Specifically, Obama claimed that he has not raised Americans’ taxes, that he has not raised costs for Medicare beneficiaries, and that he has imposed fewer regulations than his predecessor. The first two …
Taxmageddon, a one-year $494 billion tax increase, is coming on January 1, 2013. Reports of the economic destruction Taxmageddon would create are growing by the day, as is the number of respected economists, market shapers, and influential organizations warning Congress and President Obama to stop Taxmageddon to spare the economy …
