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    Reid's Unconstitutional Gambit on Small Business Taxes

    Senate Majority Leader Harry Reid (D–NV) is trying to use the Senate to message on tax issues. The problem is that this political ploy is unconstitutional. It is important to note that any big tax idea—whether it be comprehensive tax reform, the President’s idea to extend only certain aspects of … More

    Morning Bell: Obama's Tax Hike on Job Creators

    “The last thing you want to do is to raise taxes in the middle of a recession, because that would just suck up—take more demand out of the economy and put businesses in a further hole.” That was President Obama in 2009, trying to reassure Americans that he was going … More

    Obamacare Raises Taxes on 3 Million Middle-Class Americans

    President Obama repeatedly promised not to raise taxes on middle-class families. Yesterday, the Supreme Court ruled that he already has. Chief Justice John Roberts upheld the President’s health care law on the grounds that the “individual mandate” is a constitutionally permissible tax increase. This violates Obama’s pledge. Middle-class families will … More

    What Japan's Tax Debate Is Really About

    A major political struggle in Japan is coming to a head this week, one that could empower the current government or ultimately bring it down. The battle is ostensibly about economic policy but is mostly about politics, as the policy in question is largely symbolic. When the government’s survival may … More

    Online Chat on Taxmageddon

    Taxmageddon is coming. Sounds like a tagline for a horrible movie, but unfortunately it is quite real. Unless congress acts, taxes will be going up for everybody. Click here to join us right now for our “Lunch with Heritage” chat. We are joined by Heritage’s Senior Tax Policy Analyst Curtis … More

    Taxmageddon Will Decimate the Finances of Low-Income Americans

    “Taxmageddon,” also called a “massive fiscal cliff” by Federal Reserve chairman Ben Bernanke, refers to the assortment of expiring tax relief combined with new Obamacare tax hikes and the payroll tax restarting on January 1, 2013. Taxmageddon will be especially hard on areas of the country that can least afford … More

    Taxmageddon to Hit These States and Congressional Districts Especially Hard

    Taxmageddon is getting ready to suffocate the U.S. economy under crushing tax increases on January 1, 2013. These tax hikes include the expiration of the 2001 and 2003 tax reductions and the tax increases from the 2010 health care law. The Heritage Foundation’s Center for Data Analysis (CDA) ran the … More

    Taxmageddon Veto? Obama's Recent History Suggests Otherwise

    Former President Clinton caused quite the commotion earlier this week when he said on CNBC: What I think we need to do it find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now, and then deal with what’s necessary in the long … More

    Clinton Agrees with Heritage: Stop Taxmageddon from Happening

    Yesterday, former President Bill Clinton agreed with the strong message The Heritage Foundation has sent Congress and the President: Prevent Taxmageddon from taking place—and do it now. The 42nd President stated: What I think we need to do is find some way to avoid the fiscal cliff, to avoid doing … More

    Obamacare’s Five Most Damaging Effects on Seniors

    In anticipation of the Supreme Court’s Obamacare decision, it is important to remember that the constitutionality of the individual mandate isn’t the only problem with the law. Here’s a list of Obamacare’s five most destructive impacts on America’s seniors. Less choice. Obamacare puts 15 unelected bureaucrats in charge of meeting … More