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    Senate Finance Republican's Tax Recommendations a Good Start

    The Republican members of the Senate Finance Committee recently submitted their recommendations for tax reform to the deficit reduction super committee. Their recommendations lay out the principles they’d like tax reform to adhere to: economic growth, fairness, simplicity, revenue neutrality, permanence, competitiveness, and savings and investment. Towards those ends, the … More

    Energy Production = Deficit Reduction

    Today, the House Natural Resources Committee released its list of recommendations to the deficit reduction super committee. Their recommendations would go a long way to increase revenue for the federal government without raising taxes. The recommendations include increasing energy exploration and production both onshore and offshore, which would increase economic … More

    IRS’s Difficulty Collecting Obamacare Tanning Tax Is a Troubling Sign

    President Obama is fond of saying he hasn’t raised anyone’s taxes. How soon he forgets the $500 billion tax hike in his health care law. Obamacare raised 18 separate taxes and included a brand new 10 percent excise tax on tanning beds. The tanning bed tax started in July 2010. … More

    Morning Bell: 1,000 Days Under President Obama

    Today marks the 1,000th day of Barack Obama’s presidency, and unfortunately for America, those days have been marked by deeper deficits, lost jobs, prolonged unemployment, and bigger government. Meanwhile, many of those charged with leading the federal government have all but abdicated their responsibilities. The national debt stands at $14.9 trillion–$4.2 … More

    Illinois Shows that Taxing and Spending Has Consequences

    In January 2011, newly elected Illinois governor Pat Quinn imposed a 67% income tax increase on citizens and a sharp increase in the corporate tax rate to satisfy missed and unpaid bills. A month later, the state issued $3.7 billion in bonds just to make payments to unfunded state pensions. Unfortunately, … More

    Poor Sales or Economic Uncertainty Preventing Stronger Recovery?

    Various organizations and media outlets have attempted to refute the notion that government policy is creating uncertainty and hindering economic growth. However, when properly analyzed, the uncertainty argument is a legitimate one. Critics of the uncertainty narrative say that businesses cite poor sales – or lack of demand – not … More

    Online Chat on the Millionaires Tax

    Click here to join us right now for our “Lunch with Heritage” online chat. We are joined by Heritage’s Senior Tax Policy analyst Curtis Dubay. He is taking your questions about the proposed surtax on millionaires, the so-called “Buffett Rule”, and the impact it would have on jobs. Lunch with … More

    Morning Bell: Jobs Plan Fails, but Obama Doesn't Get the Message

    When President Barack Obama began his Midwest “jobs tour” in August, he set out to campaign for the passage of a yet-to-be-released plan to turn around the country’s stagnant economy. But after the details of that plan emerged–more stimulus spending and higher taxes–and when the Democrat-controlled Senate put the measure up … More

    In Pictures: How High Will Taxes Go?

    What’s the latest plan from the left to pay for President Obama’s latest batch of stimulus spending? More taxes on high-income earners, of course. And if Senate Majority Leader Harry Reid (D-NV) gets his way, the United States’ average marginal top tax rate would be higher than all but two of … More

    Morning Bell: Still Jobless After All These Years

    Yesterday at the White House, President Barack Obama faced the media to once again plug the American Jobs Act–his plan for more stimulus spending, paid for with even more taxes on America’s job creators. And this morning, not a day later, America received a reminder of why a continuation of … More