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    Congressional Research Service Wrongly Implies Lower Tax Rates Don't Strengthen Economy

    The Congressional Research Service (CRS) set out to make a convincing case that lower income tax rates do not strengthen the economy. It failed, but in so doing, it called into question the quality of CRS analysis and the institution’s credibility as non-partisan. The CRS is supposed to provide expert, … More

    WATCH LIVE: House Conservatives Answer Your Questions

    House conservatives will gather this morning to take your questions about taxes, the Farm Bill, an expected continuing resolution and a range of other issues facing Congress this fall, including the lame duck agenda. It’s your opportunity to be heard on Capitol Hill. Discussion will not be limited to these … More

    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

    Morning Bell: We Can Change America's Course

    Entering the final stretch of the presidential contest, Americans are facing a monumental choice. The American people will decide the direction of government and its role in their lives for the coming years. The debate in Tampa this week raised a number of issues, including preserving the American dream of … More

    Morning Bell: Top 3 Small Business Struggles

    Small businesses are getting a lot of focus from politicians, because they are a key engine of job creation—which has stalled in the U.S. economy. A Republican National Convention theme of “We Built It” continued the political debate over the economy yesterday. A survey by the National Federation of Independent … 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

    Morning Bell: Another Recession Is Imminent

    Yesterday, the Congressional Budget Office (CBO) reported that without a doubt, America will have a fresh recession next year unless Congress and the President prevent it. We are facing the largest tax increase in history—Taxmageddon, scheduled to take effect January 1—and what experts are calling a “fiscal cliff” of sharp … More

    CBO Warns: President Obama and Congress Risk Triggering Another Recession

    About 1.6 million American jobs hang in the balance. That is the clear implication of analysis contained in the annual budget update by the Congressional Budget Office (CBO). Along with all manner of dire and dreary budget data reflecting President Obama’s budget and economic policies to date, CBO provides its … More

    Government Will Take Almost Half Your Paycheck in 2013

    How high is the marginal tax rate on each additional dollar the average American earns? In other words, if you got a raise of one dollar, how much of that dollar would be taxed away? These rates are already high, and they’re getting higher next year. A middle-class taxpayer’s income … More

    Taxmageddon and Obamacare: What Would Milton Friedman Say?

    “I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible,” economist Milton Friedman once said. So the Nobel Prize winner would undoubtedly be concerned this year as Taxmageddon, the one-year $494 billion tax increase that is poised to strike the … More