• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • tax reform

    DeMint on CNBC: We Need a Balanced Budget in 10 Years (VIDEO)

    All this talk of “spending cuts” in sequestration is forgetting one important point: These aren’t true spending cuts. They are reductions in the rate at which government spending is continuing to grow, said Heritage President-elect Jim DeMint on “The Kudlow Report.” He told host Larry Kudlow, “You can see…there’s no … More

    Simpson–Bowles Redux: Another $600 Billion Tax Increase

    Erskine Bowles and Alan Simpson, former co-chairs of the 2010 White House deficit-reduction panel whose plan failed, released an outline for a new proposal on their own today. A Bipartisan Path Forward to Securing America’s Future lacks any significant details but does include a $600 billion tax increase in addition … More

    Morning Bell: Taking America from Welfare State to Opportunity Society

    “I must go to college!” insists eight-year-old Pierre William. Such planning may seem unusual in a second grader. But Pierre is lucky. He’s attending a private school in the District of Columbia using funds from the D.C. Opportunity Scholarship Program. That’s opened his eyes to the possibilities that only a … More

    Morning Bell: ’Twas the Night Before Cliff-mas

    Christmas arrives this year at a time when our nation is on the brink of the fiscal cliff. With time running out for President Obama and Congress to reach an agreement, this Christmas Eve we bring to you 2012 twist on Clement Clarke Moore’s famous poem, “A Visit from St. … More

    Obama Fiscal Cliff Plan Silent on Payroll Tax Cut

    This time last year President Obama said of the pending expiration of the payroll tax cut, “It may be that there’s [sic] some folks in the House who refuse to vote for this compromise because they don’t think that 40 bucks is a lot of money. But anyone who knows … More

    Fiscal Cliff: Decoupling Conservatives from Their Core Principles

    There are many ways to surrender—and some congressional Republicans seem bent on exploring them all. In the debate over the fiscal cliff, the President’s position is simple: The Republicans must capitulate on income tax rate hikes, and all other serious issues are not up for discussion. Never mind that Obama … More

    Morning Bell: House Republicans Cave on Tax Increases and Punt Entitlements

    When President Obama put forth his first offer on the fiscal cliff, House Speaker John Boehner (R-OH) said, “You can’t be serious.” We could say the same thing to the Speaker after his counteroffer yesterday. In a letter signed by House Republican leadership, including Majority Leader Eric Cantor (R-VA) and … More

    Fiscal Cliff: House Republican Proposal Abandons Core Principles, Gains Little

    The House Republican leadership has offered a substantive counteroffer to President Obama’s frivolous fiscal cliff proposal of last week. At first blush, it appears little more than categorical, pre-emptive capitulation. To be fair, the details of the Republican proposal are extraordinarily vague. Nor is much clarity or comfort gained from … More

    Bipartisan Tax Reform? It Happened in 1986

    Whenever Washington leaders start talking about the economy, they like to refer to deals and legislation from years past. In the latest fiscal cliff talks, the Tax Reform Act of 1986 has come up. Why? A series of talks on how the impending fiscal cliff might be avoided kicked off … More

    Avoiding a Debt Crisis, Eh? Lessons From Canada

    Congressional lawmakers met last week to try to hammer out a deal to avert the fiscal cliff. Democrats insist on revenue increases as part of such a deal, saying new revenue is the only way to significantly reduce the national debt. However, it is not a lack of revenue that … More