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    Boehner Is Right: Tell the Wall Street Moguls "No Tax Hikes"

    Speaker of the U.S. House of Representatives John Boehner (R-OH) has made clear that he opposes tax hikes on Americans. Tax hikes would slow the economy even more and kill jobs. But some “titans of finance” want Congress to hike your taxes. Lloyd Blankfein of Goldman Sachs uttered to Politico … More

    Congressional Budget Office Confirms FY 2012 Deficit Exceeds $1 Trillion

    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 … More

    FACT CHECK: Obama Misleads on Medicare, Taxes, and Regulations

    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 … More

    Who Wants Washington to Prevent Taxmageddon?

    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 … More

    Online Chat on the Obama Tax Hikes - LIVE NOW

    Commonly known as “Taxmageddon,” taxes are set to go up on January 1 for everyone if Congress fails to act. Click here to join us on right now for our “Lunch with Heritage” online chat. We are joined by Heritage Expert Rea Hederman and he is taking your questions about … More

    Morning Bell: Stopping the Largest Tax Hike in History

    The largest tax hike in history is due to strike the United States on January 1, 2013. Known as “Taxmageddon,” it would impose $494 billion in higher taxes on the American people in the first year. So terrible would be its impact that yesterday Fed Chairman Ben Bernanke warned Senate … More

    Of Course Higher Taxes Slow Growth

    In The Wall Street Journal on Tuesday, Peter Diamond and Emmanuel Saez present a rambling defense of higher taxes on the rich to fund an engorged federal government. That they needed to throw out so many tired and errant arguments shows their entire argument is so much hot air. Of … More

    Morning Bell: Tax Gimmicks, Tax Doom

    The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring “fairness” to the tax code and pay down the debt. As the paper-thin justification for the proposal … More

    Chart of the Week: Obamacare's 17 New Taxes

    Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a whopping cost of $502 billion over its first 10 years. This week’s chart illustrates the new taxes and offers a year-by-year rundown of their annual costs. These taxes will … More

    A Lesson from Greece

    We’ve corrected Paul Krugman in the past, when he mistakenly invoked imaginary British spending cuts as proof that undercutting Keynesian hydraulics will demolish an already limp economic recovery. This time he points to Greek austerity – or “spending cuts” – as he characterizes it. “Not a day goes by without … More