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    The Futility of Tax Hikes in Pictures

    In light of the impending Obama Tax Hikes, Mercatus Center senior research fellow Veronique de Rugy created the chart to the right illustrating Hauser’s Law which Standford University professor Kurt Hauser recapped in this weekend’s Wall Street Journal: Over the past six decades, tax revenues as a percentage of GDP … More

    The Ruling Class Doesn’t Like Paying Taxes, Either

    Government employees owe $3.3 billion in back taxes, CNBC reports. According to Heritage Foundation fellow James Sherk, the typical federal worker “receives 22 percent more in wages than an equally skilled private sector worker … .” And, says Sherk, when both wages and benefits are toted up, federal workers are … More

    Do Partisan Politics Spell Tax Hikes?

    One of the most pressing pieces of legislation that the lame duck Congress must deal with is the impending expiration of the 2001 and 2003 tax relief. Led by President Obama, the Democrats have long argued for extending the tax relief for families making less than $250,000 a year while … More

    How Weak Was Friday’s Jobs Report?

    Upside surprise: Employers add 151,000 jobs in October , the USA Today reported about the Bureau of Labor Statistics Friday. And it is true: the establishment survey of U.S. businesses did report that 151,000 jobs were created last month. But as The Heritage Foundation’s James Sherk and Rea Hederman note … More

    Washington Voters Win in Battle of the Billionaires

    The political math was simple and should have been fool-proof: Proponents of a high-earner income tax in the state of Washington needed only a majority of voters to approve a tax on a tiny minority of their peers. After all, Initiative 1098, which would have imposed a 5 percent tax … More

    School Choice in the Supreme Court: Does All Your Money Belong to the Government?

    Tuesday’s election results aren’t the only outcomes this week likely to impact the future of school choice across the country. Yesterday, the Supreme Court heard oral arguments in the case of Arizona Christian School Tuition Organization v. Winn to determine whether the Grand Canyon State’s scholarship tax credit program violates … More

    Morning Bell: The Obama War On Science

    The Washington Post reports today that the Obama administration is entering “the politically sensitive debate” on sex education by spending $110 million on 115 programs in 38 states and the District of Columbia that “teach about the risks of specific sexual activities and the benefits of contraception and others that … More

    Settling the Question of a Real Estate Tax in Obamacare

    By now, Americans have become well acquainted with the fact that the Patient Protection and Affordable Care Act (PPACA) will have a multitude of adverse effects. The new law is certain to add to the federal deficit. It increases taxes on all Americans in a number of different ways, encourages … More

    Don’t Mess With Texas; Learn From It

    While the United States struggles to escape a recession — and California is plagued with a massive fiscal crisis — there is one outlier posting big job growth numbers, all while keeping taxes low and government small: Texas. In a new study, the Texas Public Policy Foundation finds that though … More

    Hoover, FDR and Clinton Tax Increases: A Brief Historical Lesson

    The obvious reason to prevent a tax hike by extending current tax rates is that doing so will prevent further economic harm to an already flat economy. How do we know that tax increases will cause economic harm? Three examples: 1932, 1937 and 1993. After the 1929 stock market crash, … More