When faced with losing one of the most brilliant companies in the country, Twitter, even San Francisco can have a moment of revelation regarding tax policy. Burdened with heavy California taxation—and San Francisco’s on top of that—Twitter presented a letter to the San Francisco Board of Supervisors giving them an …
It seems everyone except President Obama is presenting a detailed plan for dealing with our nation’s rapidly growing debt these days. The latest entry comes from the Bipartisan Policy Council. One feature of their plan, “SAVEGO,” calls for automatic spending cuts and higher taxes should Congress not reduce the debt …
Self-styled commentator, comedian, and wedge-issue fan, Tina Dupuy, recently drove a wedge between reality and reporting. In her Atlantic column she declares the bogus assertions of Citizens for Tax Justice as “fact,” and trashes The Heritage Foundation analysis for employing common sense and economic logic. When an activity is rewarded, …
Over the past two weeks, you have relentlessly engaged in dishonest, deceptive and factually incorrect critiques of Heritage’s recent analysis of the Ryan budget plan, and they need to be addressed. With all of the work good people of every political stripe need to be doing in Washington today, the …
U.S. taxpayers will spend $431 billion just complying with the tax code this year, according a new study by Arthur Laffer, Wayne Winegarden, and John Childs. That’s not money collected by the Internal Revenue Service; that figure represents just the value of the time taxpayers will spend keeping records and filling out …
Today, April 15, is typically Tax Day. Taxpayers would usually be furiously figuring out how much they owe Uncle Sam right about now. In case you didn’t know it, taxpayers this year get a three-day reprieve because of a holiday in Washington, D.C., commemorating President Abraham Lincoln’s emancipation of slaves …
An editorial headline in today’s Washington Post captured it well: “Late to the Game – Again.” President Obama gave what was billed today as a major speech on fiscal policy. The speech, more a partisan campaign blast than an attempt at non-partisan leadership, comes two months after he released his …
Representative Paul Ryan’s (R- WI) budget proposal has been analyzed by Heritage experts: “It is an immensely detailed budget; I’m so impressed with it,” says Heritage economist Bill Beach, in a new Heritage in Focus. In this podcast, Mr. Beach discusses Rep. Ryan’s proposed trillions of dollars in budget cuts, …
Uncle Sam is spending you into the poorhouse. Taxes, inflation, unemployment, interest rates – all could skyrocket if Washington keeps spending trillions of dollars it doesn’t have. Unless we begin to cut spending now (a lot of spending) these four horsemen of debt will ride roughshod over families and businesses …
Last week, the Congressional Budget Office released its report on H.R. 2, the House-passed legislation that would fully repeal Obamacare. The takeaway message was that American taxpayers simply cannot afford Obamacare. CBO’s initial scoring of Obamacare analyzed its effects from 2010 to 2019, including only six years of full implementation, …
