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    It’s Tax Freedom Day: Finally We Get to Work for Ourselves!

    April 18 marks the 108th day of 2013. It is also Tax Freedom Day, as calculated by the Tax Foundation. Tax Freedom Day is the day that we as a nation have finally earned enough income to pay the tab for all federal, state, and local taxes for the year. … More

    Hunting for Surprises in the Obama Budget

    It is somehow fitting President Obama released his budget for Fiscal Year 2014 after Easter, a mere 65 days late—but who’s counting? Fitting because going through Obama’s budget is like an Easter egg hunt for which those in charge of hiding the eggs are masters of their craft. It takes … More

    A Step in the Right Direction: Obama’s Chained CPI Proposal

    Outside the President’s general, grow-the-government, increase-the-debt, tax-the-rich budget themes lies a commonsense proposal to use a more accurate measure of inflation when calculating government benefit growth rates and changes in income tax brackets. The purpose of inflation-based adjustments is to account for changes in prices over time. But current inflation … More

    Damaging Policies Add Up to $1 Trillion Tax Increase in Obama Budget (UPDATED)

    UPDATE: The official total tax increase in President Obama’s budget is now available in the Treasury Department’s “Green Book.” Treasury scores the total net tax increase from all President Obama’s tax polices at more than $1.1 trillion over 10 years. There was little doubt that President Obama would propose a … More

    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 RSC Budget: A First Look

    The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It advances more aggressive entitlement reforms than the House Budget Committee plan, including Social Security, and features deeper spending cuts. Nevertheless, the plan also suffers weaknesses, … More

    Ways and Means Small Business Tax Reform Proposal a Positive Step

    Under the leadership of Chairman Dave Camp (R–MI), the House Ways and Means Committee released draft legislation for improving the tax treatment of small business. This is an important step forward on the road toward comprehensive tax reform. The special attention Ways and Means focuses on small businesses is truly … More

    Senate Democrats Want Unnecessary $1.5 Trillion Tax Increase

    It has been nearly four years since the last time the Senate passed a budget. In that time, it hasn’t as much as proposed a budget. That at long last changed yesterday when Senate Budget chairwoman Patty Murray (D–WA) released a budget plan for next year. Now that the Democrats … 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

    Morning Bell: 6 Things the Next U.S. Budget Should Do

    It’s time for Congress to make a real budget—and not just any budget. It’s been four years since the U.S. had a real budget. While the House of Representatives has passed budgets, the Senate has stopped each one. Instead, the Senate under Majority Leader Harry Reid (D-NV) has done short-term, … More