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    How the Value Added Tax Works

    The spending pace of President Barack Obama and the 111th Congress simply cannot be sustained. There will either have to be spending cuts or higher taxes. The left prefers higher taxes, including the imposition of a value-added tax (VAT). How would a VAT work. Heritage scholar Curtis Dubay explains: The … More

    Top Ten Charts of 2010

    As 2010 draws to a close, The Foundry will be posting a series of Top Ten lists highlighting some of The Heritage Foundation’s most influential work. The Top Ten Heritage Charts are below, sorted by pageviews with the 10th most popular chart on top, and the most popular chart at … More

    VIDEO: Santa's Wish List for Washington

    Businesses are facing increasing uncertainty — temporary tax rates and burdensome regulations are just two of the factors slowing America’s economic recovery. Now even Kris Kringle is voicing concerns. Jolly Old Saint Nicolas is the star of a new video from Bankrupting America, a group that shines the light on … More

    The Age of Uncertainty

    Entrepreneurs fret daily over economic uncertainty. Case in point: Even with passage of the lame-duck tax deal, they still don’t know what their tax burden will be two years from now. Approval of that deal lifted what The Wall Street Journal dubs the “world of the temporary tax code” to … More

    Happy Anniversary to the Tea Party

    On this day in 1773, a group of colonists disguised as Indians boarded British merchant ships and dumped into the Boston Harbor an estimated £10,000 worth of tea as a protest against British colonial policies. John Adams declared this event, that we celebrate today as the Boston Tea Party, to … More

    Lame Duck Congress, Will You Please Go Now!

    The lame duck Congress is a clone of Marvin K. Mooney.  He’s the Dr. Seuss character who refused to leave. Refusing to accept the voters’ record-low approval of Congress (13 percent according to Gallup) and refusing to accept their rejection by voters, those running the show are clinging to their … More

    U.S. to have Highest Corporate Tax Rate in the World

    Most of the time being number one is good. But when it comes to having the highest tax rate in the world, it is much better for a country to be bringing up the rear. Currently Japan holds the inauspicious distinction of having the highest corporate income tax rate in … More

    Did High Taxes Help Phillies Land Cliff Lee?

    Many baseball fans and sports writers woke up yesterday morning scratching their heads to Cliff Lee’s decision to turn down a deal worth $154 million over 7 years with the New York Yankees to join the Philadelphia Phillies for a mere $120 million over 5 years. As ESPN columnist Jayson … More

    Morning Bell: Liberals Leave The Reservation

    Any piece of legislation must be both constitutional and improve the condition of the American people. When President Obama and Congressional Republicans first announced their tax deal early last week, our reaction was to hold our noses against its bad elements; on balance, we thought the extension of the current … More

    O, Christmas Tree! O, Taxing Tree!

    The tax bill (still being drafted in secret) is becoming a lobbyist’s dream, just in time for Christmas. The Democrat opposition to President Obama’s compromise has increased the negotiating power of every Representative and Senator, especially the Democrats. The vote by the House Democrat Caucus to denounce the unwritten bill … More