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    Morning Bell: 6 Fixes to America's Fiscal Crisis

    President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to … More

    Lunch with Heritage Google+ Hangout on the Fiscal Cliff

    While we are poised on the edge of a “fiscal cliff,” there are things the President and Congress can do to move us away from it. We will be hosting a Google+ Hangout live on our Google+ Page and here on The Foundry on Friday, November 30, at noon ET … More

    Prevention of Airline Carbon Taxes Should Be a Model for Carbon Regulations

    President Obama recently signed legislation that prevents the European Union (EU) from taxing U.S. airline emissions for planes that travel to and from EU countries. Although the EU announced it would delay the tax from its broader cap-and-trade-like system for a year, the new law protects U.S. airlines from the … 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

    Shoe Shopping? Legislation Could Make Shoes Cheaper and Create Jobs

    If Congress wants to create more jobs this holiday shopping season, it can start by eliminating many Depression-era tariffs on shoes. According to the Bureau of Labor Statistics, 186,110 Americans work for shoe stores, an industry that generates $4.6 billion in annual wages. Many people who work for large department … More

    Top 15 Tweets About the Fiscal Cliff

    “Fiscal Cliff” has been the catchphrase of the past few weeks, and tweets on the matter have been plentiful.  We compiled a list of the Top 15 tweets about the fiscal cliff that you should read:

    Morning Bell: 4 Reasons Warren Buffett Is Wrong on Tax Hikes

    Let’s talk taxes. In a New York Times op-ed yesterday, famed investor and Berkshire Hathaway CEO Warren Buffett once again argued that the wealthy should be taxed more. This isn’t the first time Buffett has made the case for higher taxes, and it’s not the first time he’s been wrong. … More

    Warren Buffett Wrong Again on Tax Increases

    As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point with his periodic call for higher taxes on his ilk of billionaires. Today was the day. Buffett, of course, is welcome to his opinion, but … More

    The Right Time for a Carbon Tax Is Never

    Once the electorate was made to realize that cap-and-trade bills (Lieberman-Warner, Waxman-Markey, etc.) were actually taxes on fossil energy, cap and trade became political poison. So it is surprising that an explicit tax on fossil energy is now being pushed in Washington. The hope among carbon-tax proponents is that they … More

    Heritage Finds Solutions to Sequestration

    With sequestration—the automatic reductions to the federal government set to occur January 2, 2013—looming ever closer, The Heritage Foundation has put forth a proposal to replace these cuts and avert the disaster. Heritage’s Patrick Louis Knudsen recently detailed $150 billion worth of savings to be found in the federal budget … More