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    In Pictures: How Much the Top Earners Already Pay in Taxes

    America has heard a lot of talk about the “Buffett Rule” — President Barack Obama’s plan to make the tax code more “fair” by permanently raising taxes by $1.5 trillion over 10 years, with most of the burden falling on families and businesses earning more than $250,000 per year. But if he … More

    Heritage Libertad Radio: Terrorism, Health Care, More...

    Listen to last Sunday’s Heritage Libertad Radio Show in Spanish or English. The Spanish segment kicked off with a discussion of President Obama’s recent speech to the Congressional Black Caucus, including his insistence on raising taxes on the rich. Later on we take member questions: How much interest on the debt are we … More

    'Buffett Rule' Tanks in California, Is Bad News for Tech Startups

    President Obama is touting his new mega tax on millionaires–a.k.a. “the Buffett Rule”–as the best thing since sliced bread (or since his plan to spend $447 billion on more stimulus), but not everyone agrees–namely, entrepreneurs and those who have seen the effects of soaking the rich in order to pay … More

    Obama's Attack on Big Oil: Fair Share or Targeted Tax Hike?

    President Obama says he wants big corporations, including oil companies, to pay their “fair share” in taxes. His deficit reduction plan includes eliminating what he calls special loopholes and subsidies for oil and gas companies—despite the fact that they’re not specific to the oil and gas industry but the broader … More

    Top 10 Reads: September 20, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe FACT CHECK: Are rich taxed less than secretaries? – Stephen Ohlechmacher, Associated Press Billionaire Backer Disputes Charges That Company Sought White House Help to Influence Testimony – James Rosen, FoxNews.com … More

    Morning Bell: $1.5 Trillion in New Taxes

    Two years ago, as the United States was coming out of the last recession, President Obama was asked how raising taxes on anyone would help with the economy. The President’s answer? “Normally you don’t raise taxes in a recession, which is why we haven’t, and why we’ve instead cut taxes.” … More

    Washington in a Flash: Same Old, Same Old in Obama's Deficit Plan

    Driving the conversation: President Obama released his deficit reduction plan on Monday, which would reduce the national debt by $3 trillion over ten years through a variety of tax hikes, superficial cuts to Medicare and Medicaid, and by incorporating savings gleaned from drawing down America’s military presence in the Middle … More

    Heritage Responds to Obama's Debt Reduction and Tax Proposal

    Heritage’s experts watched President Barack Obama’s debt reduction and tax increase proposal. Here are their immediate reactions: Obama’s Plan Is More Bad News for Defense President Obama’s approach to deficit reduction, which he outlined in a Rose Garden statement today, means additional bad news for the defense budget and the … More

    Morning Bell: Obama's War on Job Creators

    Today, President Barack Obama is expected to announce his latest plan for reducing the deficit, and central to it are $1.5 trillion in new taxes, aimed predominantly at wealthy Americans. Unfortunately for the 14 million unemployed Americans, the President is continuing down his steady path of ushering in big spending … More

    Chart of the Week: Total Tax Burden Is Rising to Highest Level in History

    President Obama unveiled the details of his jobs plan last week, including a proposal to offset the new government spending with tax hikes. It’s a bizarre strategy for a president who says he wants to create jobs. As the above chart from Heritage’s 2011 Budget Chart Book illustrates, Americans are … More