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    Morning Bell: Obama's Dismal Jobs Record

    The unemployment rate is now 8.1 percent, marking 43 months straight that it has stayed at 8 percent or above. At least 12.5 million Americans are out of work. Yet President Obama has been trying to convince people that he’s a job-creating President. Have 4.5 million new jobs been created … More

    It's Not Getting Better: GDP Grows at a Sluggish 1.7 Percent Rate

    This morning’s update from the Department of Commerce on economic activity in the second quarter shows that the economy grew at an anemic 1.7 percent annual rate. This follows a nearly equally weak first quarter growth rate of 2.0 percent. How weak is this? In terms of economic output, the … More

    Are Spending Cuts as Harmful as Tax Increases?

    Wednesday’s warning by the Congressional Budget Office (CBO) that the fiscal cliff is likely to push the economy back into recession should bring things sharply into focus for lawmakers. The CBO is correct that the fiscal cliff will lead to a recession, but its report contains faulty economic reasoning. The … More

    Obamacare's 18 New Tax Hikes

    Not only did the President and his partners in Congress take $716 billion out of Medicare to pay for Obamacare, but they also raise taxes by $836.3 billion to pay for it, with $36.3 billion hitting Americans in 2013 alone. Here’s the Congressional Budget Office (CBO) and Joint Committee on … More

    Sluggish Economic Growth: More Reason to Renounce Tax Hikes

    On the afternoon of another discouraging assessment of the nation’s economic growth, the Obama Administration late Friday quietly released its mid-year update of the budget. The synchronicity made clear just how far from reality the President’s fiscal and economic policies have drifted—and the imperative of a prompt course correction. Friday … More

    Latinos Favor Tax Cuts for All, Including the Wealthy

    Are Hispanics—the fastest growing demographic in the country— on their way to becoming a reliably voting liberal bloc? Not so fast, especially considering a recent McClatchy-Marist poll that found that Hispanics, by a margin of 62 percent to 36 percent, favor extending tax cuts for all Americans—including the most affluent. … More

    Morning Bell: Obama's Tax Hike on Job Creators

    “The last thing you want to do is to raise taxes in the middle of a recession, because that would just suck up—take more demand out of the economy and put businesses in a further hole.” That was President Obama in 2009, trying to reassure Americans that he was going … More

    Obama Finally Enters the Taxmageddon Debate—With a Tax Increase

    With more than half the year gone, President Obama today finally broke his silence on Taxmageddon and thus brought a smoldering debate front and center. How? By continuing to push for raising taxes on the wealthy. President Obama and his allies had been perfectly content to continue to allow Taxmageddon … More

    Taxmageddon to Hit These States and Congressional Districts Especially Hard

    Taxmageddon is getting ready to suffocate the U.S. economy under crushing tax increases on January 1, 2013. These tax hikes include the expiration of the 2001 and 2003 tax reductions and the tax increases from the 2010 health care law. The Heritage Foundation’s Center for Data Analysis (CDA) ran the … More

    Chart of the Week: The Tax Burden on American Households

    Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has risen dramatically and will continue to climb into the future without action from Congress. This week’s chart outlines the growth of taxes over the past … More