Though parents might be rejoicing that the time has come for their kids to head back to school, their happiness could be tempered by a little-known fact: They’re paying import taxes on everything from clothes to lunchboxes, musical instruments to pencils. In 2010, the government collected $25.9 billion in tariffs …
Warren Buffett’s demand last week that the federal government stop “coddling” the country’s wealthiest citizens – meaning that it should take more of their income with even more confiscatory tax policies – has earned him rebukes from a few fellow members of the billionaire club. In today’s Wall Street Journal, …
This week’s Heritage Libertad Radio program – half in English, half in Spanish – covered the recent S & P downgrade, including a discussion with economist JD Foster; a discussion on the recent report on poverty with expert Robert Rector; and a segment answering member questions. Among them: How does …
Billionaire investor Warren Buffett has a special request for the U.S. government: He wants to be taxed more, he writes in today’s New York Times. The trouble is, he leaves out some very important facts—while feeding into President Barack Obama’s calls for higher taxes. “Our leaders have asked for ‘shared …
According to a new poll by the education research journal Education Next, 65 percent of the American public wants education spending to increase. That figure, the poll’s architect Paul Peterson notes, is the kind of polling data “that the president’s political advisors undoubtedly rely upon when they decide to appeal …
It’s not every day that a company with roots as deep as the CME Group, Inc.—the parent company of the famous Chicago Mercantile Exchange and Board of Trade—would consider fleeing its home state, seeking better a better economic climate a thousand miles away. But that’s just what’s happening, and taxes …
It’s hard to understand why President Obama took to the airwaves tonight at prime time. He still has no plan for dealing with government overspending and overborrowing, and he gave the nation very little except a repetition of his never-ending call for tax hikes. In noting the risk of ever-increasing …
Conservatives have a clear objective: Debt limit legislation should drive down federal spending on the way to a balanced budget, while preserving the ability to protect America, and without raising taxes. The plan suggested by Speaker of the House John Boehner fails to meet that objective — indeed, it sets …
