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    Senate Budget Tax Plan: Slowing Opportunity for Americans to Grow Income

    Senator Patty Murray’s (D–WA) budget tax plan directly calls for $975 billion in new tax increases over the next decade. Indeed, the Senate budget is only a framework document, but it clearly lays out who should pay the higher taxes. The Democratic majority wants higher taxes by “eliminating loopholes and … More

    The No-Surprise Senate Budget: Higher Spending, Higher Taxes, No Real “Balance”

    After going nearly four years without producing a budget resolution, Senate Democrats today released a plan confirming their mantra about “balanced” approaches has nothing to do with actually balancing the budget. In their view, “balance” is a mix of higher taxes and higher spending, chronic deficits and debt, and a … More

    Morning Bell: First Look at the 2014 Ryan Budget

    At first look, the budget unveiled today by House Budget Committee Chairman Paul D. Ryan (R-WI) advances much-needed reforms and importantly accomplishes the crucial goal of balancing the budget within the decade, though this is partially on the coattails of Obama’s tax increases. Not a silver bullet, it is more … More

    Sequestration: Much Larger Spending Cuts Needed to Balance the Budget

    Sequestration, the set of automatic spending reductions set to hit on March 1, barely makes a dent in federal spending over the next decade. Much larger spending cuts are needed to rein in growing spending and debt and avoid a debt crisis. Federal spending is projected to grow from $3.6 … More

    VIDEO: Obama's 13 Tax Hikes in 2013

    President Obama is crisscrossing the country to scare Americans about sequestration. But what’s really frightening are the 13 Obama tax hikes that took effect in 2013. These tax increases, which range from new Obamacare taxes to a payroll tax hike on workers, will slow the economy. Heritage Foundation President-Elect Jim … More

    CHART: Obama 2013 Tax Increase Twice as Large as Looming Sequestration

    While President Obama is traveling across the nation campaigning against sequestration at the very last minute, the economy is working through a tax increase nearly twice the size of the sequestration cuts for fiscal year (FY) 2013. The President knew for more than a year that sequestration was looming and … More

    The "Buffett Rule" Returns

    President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the soon-to-begin sequestration spending cuts. In the Senate Democrats’ version, the Buffett Rule, named after famed investor and vocal advocate for (and benefactor of) liberal policy … More

    Cloakroom: The Sequester and Hagel Nomination

    House Cloakroom: February 25 – March 1 Analysis: Sequester week begins in Washington! The House returns from a recess week to take up the Violence Against Women Act Reauthorization. The Senate has passed a flawed reauthorization bill. The Senate version contains an unconstitutional expansion of tribal sovereignty, not to mention … More

    Chart of the Week: Sequestration Cuts 2.4 Percent out of Total Spending

    Federal spending will explode from $3.6 trillion to $6 trillion over the next 10 years, but the much-maligned sequester will cut only 2.4 percent of this spending. Sequestration represents a relatively small cut in projected spending. So why are so many in Washington wringing their hands over a two-and-a-half percent … More

    Morning Bell: Obama and the Seuss-quester

    On Pennsylvania Avenue, right near the end, there lived a President who wanted to spend. He knew spending meant power, so hour by hour, he thought up more spends from his Washington tower. “I’ll spend without limits; I’ll spend without blame! Raising taxes to pay—that’s the name of the game.” … More