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    Of Course Higher Taxes Slow Growth

    In The Wall Street Journal on Tuesday, Peter Diamond and Emmanuel Saez present a rambling defense of higher taxes on the rich to fund an engorged federal government. That they needed to throw out so many tired and errant arguments shows their entire argument is so much hot air. Of … More

    Top 10 Most Expensive Obamacare Taxes and Fees

    Yesterday was tax day, serving as a special reminder of how big the federal government has become. As Heritage has warned before, Obamacare is on track to makes things a lot worse. The President’s health law will be partially paid for by tax increases and the creation of new taxes. … More

    In Pictures: What Costs More? Life or Taxes?

    As the saying goes, there are only two certainties in life: death and taxes. Given that fact, it’s worth taking a look at how much it costs to live and how much it costs to pay taxes, especially on this Tax Day. The Republican Study Committee has pulled together a … More

    Why Bush Isn’t Responsible for Today’s Debt Crisis

    We get it, the last thing President Obama wants is to be blamed for is the nation’s growing debt—or anything else, actually. But the statute of limitations on blaming President George W. Bush for everything—anything—must have run out by now.  On the debt in particular, it’s sort of a hard … More

    Henry Ford: No Model P(rogressive)

    President Obama has a new role model for his Buffett Rule tax—Henry Ford. It’s an odd choice considering that Ford advocated free-market capitalism and opposed redistributive policies. Despite the lucrative government contracts, Henry Ford refused to participate in FDR’s 1933 National Recovery Act. (Let’s not forget that Ford Motors was … More

    Morning Bell: What Tax Day Could Feel Like in 2013

    In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill — 29.2% of all our income. In other words, for … More

    Tax Day 2012: Taxmageddon on the Horizon

    In a bit of scheduling serendipity, Tax Freedom Day—the day when Americans finally earn enough income to pay off the bill for all federal, state, and local taxes for the year—falls on April 17 this year. That also happens to be Tax Filing Day 2012. Absent tax changes made by … More

    Sweden Is Not Just About ABBA and IKEA Anymore

    Sweden is known for, among other things, Swedish meatballs, the pop group ABBA, and IKEA. Well, here is another thing that Sweden should be recognized for: tax cuts. Yes, you heard right: tax cuts. Sweden used to tax corporations at a 60 percent rate. Now that has come down to … More

    Picture This: The Buffett Rule vs. Obama's Budget

    President Obama says his “Buffett Rule” — which imposes higher taxes on wealthy Americans and job creators — will help “stabilize our debt and deficits for the next decade.” But if you compare how much money his policy raises with how much he’d like to spend, you get a much … More

    Morning Bell: Tax Gimmicks, Tax Doom

    The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring “fairness” to the tax code and pay down the debt. As the paper-thin justification for the proposal … More