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    Chart of the Week: The Tax Burden on American Households

    Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has risen dramatically and will continue to climb into the future without action from Congress. This week’s chart outlines the growth of taxes over the past … More

    Why Unions Want Higher Taxes

    No one likes tax increases, right? Not quite. Government unions do. In California, government unions recently postponed their contract negotiations until after a vote on an initiative that would hike taxes. The unions support the initiative, and they don’t want their new contracts to cause Californians to vote no. Their … More

    Online Chat on Taxmageddon and the Buffett Rule

    Taxmegeddon is coming. No, it’s not April 15th, but in 2013, there will be massive tax increases that will raise taxes by $494 billion. Does President Obama want to talk about that?  No. Just as he doesn’t want to talk about the deficit, or gas prices, or Obamacare.  Instead, President … More

    Morning Bell: Buffett Rule 101

    President Obama traveled to Florida yesterday to distract the nation from its real problems by laying out his case for the Buffett Rule, a plan to drastically raise taxes on successful Americans and small businesses. The core of his argument is that the rich aren’t paying their fair share. It … More

    The Buffett Rule is a Calculated Distraction from Obama’s Failed Leadership

    What do you do when you’re losing a debate?  Change the subject.  That’s really all you need to know to understand President Obama’s resuscitation of his infamous “Buffett Rule” that would impose a minimum 30 percent effective tax rate on businesses and families earning $1 million. The Supreme Court gave … More

    Morning Bell: Beware the Taxmageddon

    Brace yourself. In a mere 271 days, you and your fellow Americans will be hit with a tax hike the likes of which this country has never seen. The Washington Post aptly called the unprecedented $494 billion tax hike “Taxmageddon,” and Federal Reserve Chairman Ben Bernanke described it as a “massive fiscal … More

    Morning Bell: The Highest Taxes in the World

    There aren’t many American-owned companies more iconic than Anheuser-Busch, the famous producer of Budweiser beer based in St. Louis, Missouri. That was true up until 2008, when the Brazilian-Belgian company InBev executed a hostile takeover of the historic brewer, leading to layoffs of more than 1,800 workers. Unfortunately, conditions in the … More

    No Fooling: U.S. Now Has Highest Corporate Tax Rate in the World

    This April Fool’s Day, the joke is on all of us. That’s because as of April 1, the U.S. now has the highest corporate tax rate in the developed world. Our high corporate tax rate has long made the U.S. an uncompetitive place for new investment. This has driven new … More

    Cooper and LaTourette's Budget Is a Major Tax Hike

    Rule #1 of tax reform: Tax reform does not raise taxes. The budget resolution sponsored by Representatives Jim Cooper (D–TN) and Steve LaTourette (R–OH) breaks this rule. In reality, it is a massive tax hike of nearly $2 trillion, according to Americans for Tax Reform. The Cooper–LaTourette budget follows the … More

    The RSC Budget: A Preliminary Look

    The Republican Study Committee (RSC) budget introduced today addresses six key fiscal criteria. It launches decisive entitlement reforms, cuts spending sharply and quickly, avoids tax hikes, includes pro-growth tax reform, provides for a strong national defense, and moves aggressively—within five years—to a balanced budget. The plan falls short in substantiating … More