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    An Open Letter to Paul Krugman

    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 … More

    The Tax Code Is Too Complicated

    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 … More

    Morning Bell: Hiding Future Tax Hikes on Tax Day 2011

    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 … More

    Obama Belatedly Engages on Budget by Launching a Political Screed

    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 … More

    Heritage in Focus: Rep. Ryan's Budget Proposal

    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, … More

    Guest Blogger: Saving Our Nation From Debt

    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 … More

    New CBO Report Proves We Cannot Afford Obamacare

    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, … More

    Currently Low Tax Receipts No Excuse to Raise Taxes

    An AP article today explains that tax revenues this year are projected to be the lowest since 1950. Chalk this one up as a dog-bites-man story. Our income tax system is highly progressive. Taxpayers pay higher rates as they earn more income. During recessions, incomes contract sharply, so there is … More

    Even PolitiFact Admits: President Obama Raised Taxes

    This Sunday while defending charges that he was a “man who wants to redistribute wealth,” President Barack Obama told Fox News‘ Bill O’Reilly: “I didn’t raise taxes once.” As PolitiFact points out, not only is this completely false, but President Obama began raising taxes almost immediately upon taking office: The … More

    Tackling Deficits: The Chicago Way, and the Other Way

    While it’s being reported that every state (except Florida) had snow on the ground this week, 46 states are digging out of another kind of mess — a combined deficit of at least $127 billion. Democratic and Republican state leaders alike are grappling with structural budget deficits, many of whom … More