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    2014 Tax Day Chart: Who Pays the Most?

    Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers were hit with the President’s myriad tax increases that have contributed to the country’s quickly recovering revenues. Despite calls for more taxes on the rich, … More

    Fed Nominee Brainard Needs Nuance on Austerity

    In her hearing before the Senate today, Federal Reserve Board nominee Lael Brainard reportedly said that “expansionary austerity is a contradiction and does not work.” This one-dimensional view of a complex set of policies ignores extensive academic research and lacks the nuance we expect from those who serve on the … More

    Obama's Austerity Myth

    The Obama administration put out the word this weekend that the president’s new budget will end several years of “austerity” in Washington. Come again? Austerity? Since 2009, federal borrowing has skyrocketed by $6 trillion. This year’s budget deficit is expected to fall to somewhere near $500 billion, which sadly is … More

    Explosive Report: How Obamacare Will Drive People Out of the Workforce

    Obamacare moves people further away from jobs and shifts their health care costs to taxpayers. Good news or bad? The White House took up defensive measures yesterday after the nonpartisan Congressional Budget Office released a new estimate: Obamacare will cause the equivalent of 2.3 million people to stop working. “Double … More

    More New Taxes and Fees: How You’ll Pay for Obamacare in 2014

    Obamacare contains 18 specific tax hikes, mandates, or penalties that cost Americans money, and three new ones take effect in 2014. This is only the beginning—watch how two of these taxes get worse in the years to come. 1. Individual Mandate Tax. The individual mandate is designed to strong-arm individuals … More

    These 13 Tax Increases Hit in 2013

    It’s about time for us to uncover our eyes and take a hard look at what 2013 did to our finances. Did you feel the pinch of the 13 tax hikes that hit Americans this year? Before you review the list below, put these two on your watch list for … More

    5 Posts That Inspired You This Year

    2013 was a great year for The Foundry. Here are the top five posts that inspired you the most. 13 Tax Increases in 2013 New Year’s Day [2013] was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff … More

    The Budget Deal's Sneaky Tax Increases

    The congressional budget deal includes some “user fees.” For the Washington establishment, that’s apparently the politically correct way of telling Americans they’ll be paying more to the federal government. For the rest of us, it’s a tax increase. The Ryan-Murray budget deal, which passed the House on a 332-94 vote, … More

    The Budget Deal -- and Why We're $17 Trillion in Debt

    Country singer Aaron Tippin’s old hit song “You’ve Got to Stand for Something (or You’ll Fall For Anything)” could be the new theme song for the Republican leadership in the U.S. House. There’s a reason that 71% of Republicans across America are dissatisfied with Republican leadership in Washington. The big … More

    Tax Increases Really Hurt Growth and Jobs

    Some lawmakers, led by Senate Budget Committee chair Patty Murray (D–WA), are seeking to raise taxes in the budget conference to replace the modest spending reductions referred to as sequestration. They say that spending cuts hurt growth and jobs. If they are truly concerned about the economy and Americans’ opportunities, … More