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    The Difference Between a Courageous Budget and a Dangerous One

    Despite all the talk of “austerity,” little has been done to stem the tide of the United States’ ever growing debt. The little that has been cut is in area that needs it most: defense. The Budget Control Act’s sequestration hits defense disproportionately and essentially ignores entitlement spending, the leading … More

    Five Good Reasons to Prevent Taxmageddon

    On January 1, 2013, the American people will be hit with the biggest tax hike in history. It’s known as “Taxmageddon,” and it will bring $494 billion in higher taxes resulting from tax policies expiring in seven different categories, on top of new Obamacare tax hikes taking effect. In a … More

    Pawlenty and Boehner Agree: Stop Taxmageddon Now

    Former Governor Tim Pawlenty (R–MN), national co-chair of the Romney for President campaign, appeared on CNBC yesterday and chastised President Obama for failing to lead on stopping Taxmageddon before the November election. Pawlenty is right: Washington should stop Taxmageddon now. Heritage has been saying just that for weeks. Speaker of … More

    Facebook Billionaire Flees America for Lower-Taxed Shores

    Facebook’s much-vaunted initial public offering is on the horizon and promises to shower a few lucky individuals with millions if not billions of dollars. One of those Facebookers is the company’s billionaire co-founder Eduardo Saverin, who renounced his U.S. citizenship ahead of the IPO, potentially reducing his tax burden. Saverin, … More

    Morning Bell: Stopping the Largest Tax Hike in History

    The largest tax hike in history is due to strike the United States on January 1, 2013. Known as “Taxmageddon,” it would impose $494 billion in higher taxes on the American people in the first year. So terrible would be its impact that yesterday Fed Chairman Ben Bernanke warned Senate … More

    Speaker Boehner Plans to Stop Taxmageddon Train Wreck

    House Speaker John Boehner (R–OH) announced yesterday that the House is gearing up to vote prior to the November election on extending all of the tax provisions scheduled to expire at the end of the year. This is welcome news, given the necessity of swiftly steering this tax policy train … More

    Obama Keeps Recycling Failed Tax Policies

    There he goes again. It seems that President Obama just can’t help himself. He keeps pushing Congress to pass policies it has rejected in the past or has foolishly passed to little beneficial effect. The latest recycling of policies comes from the President’s Post-It note to-do list for Congress. If … More

    Morning Bell: A Better Life for Julia

    Her name is “Julia,” and if you haven’t seen her, she’s a colorful cartoon character invented by the Obama campaign to help spread the message of how women will “benefit” under the president’s policies. What it shows instead, though, is the president’s vision of America — that individuals need the … More

    Congress Needs to Act Now on Taxmageddon

    A few weeks ago, around Tax Day, Heritage started warning of Taxmageddon—a one-year, $494 billion tax hike that slams the economy on January 1, 2013, unless Congress and President Obama act to stop it. At that time, Taxmageddon was merely a blip on Washington’s radar, because the conventional wisdom was … More

    Morning Bell: America's Budget Crisis in Pictures

    It’s pretty clear to most Americans that Washington is broken and spending money well beyond the country’s means. In fact, Sunday marked three years since the U.S. Senate last passed a budget. Getting the fiscal house in order clearly isn’t their top priority. But just how bad is the country’s … More