• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • taxes

    The Left Takes a Tax Holiday

    Earlier today, House Ways and Means Committee Chairman Charlie Rangel (D-NY), told reporters that the tax cut provisions in the economic stimulus plan will be cut, without offering further details. You may remember that earlier in 2008, Chairman Rangel was investigated for violating a number of House ethics rules, which … More

    No Contradiction Here

    CNBC’s Maria Bartiromo has a must read interview with Rep. Barney Frank (D-MA) in Business Week. Bartiromo asks: Should GM (GM) acquire Chrysler? I’m not competent to say. I try to resist the temptation that too many of us in politics and the media fall into, which is telling people … More

    A Keynesian Christmas Present: Rep. Louie Gohmert's Tax Holiday

    Rep. Louie Gohmert (R-TX), champion of a federal tax holiday, faced skeptical questions today about his idea to give the economy a boost. Gohmert wants to stop collecting taxes for two months — using the unspent $350 billion from the Wall Street bailout to pay for the plan. Although his … More

    Morning Bell: Cutting Taxes for Growth and Fairness

    Throughout his 1992 campaign, then-candidate Bill Clinton promised tax cuts for the middle class. By the time he was sworn into office in 1993, though, Clinton said he would have to “revisit” his tax-cut plan and was “absolutely mystified” that the media had perceived it as a major pledge. A … More

    Morning Bell: Change We Believe In

    On Nov. 4, Sen. Saxby Chambliss (R-GA) narrowly outpolled challenger Jim Martin (D), 49% to 46%, triggering a runoff election held yesterday. This time around, Chambliss crushed Martin by a margin of 57% to 43%. Why the difference? The New York Times reports: Many voters interviewed Tuesday said the balance … More

    Chicago a Microcosm of Things to Come?

    Chicago business leaders recently told Mayor Richard Daley that their companies plan massive layoffs throughout the city that will continue into the new year.  Certainly, the cost of doing business in Daley’s Empire is partially to blame for the pending pink slips: The Second City’s 10.25% sales tax makes it First in … More

    Heritage Center for Data Analysis Makes Its Way Into Palin's Speech

    In several recent speeches by Sarah Palin, she has cited an analysis of Barack Obama’s tax plan prepared by the Center for Data Analysis (CDA), a research division of The Heritage Foundation. I direct the CDA and posted the new analysis last week. We used a model of the U.S. … More

    Middle Class Would Pay Less Under McCain Tax Plan

    A closer look at the Obama and McCain tax plans for the reveals that it is not just the “rich” taxpayers earning more than $200,000 that would face higher rates under Obama than under McCain’s tax proposal. The reason for this is simple: McCain expands the exemptions families can take … More

    Barack Obama's Gonna Make Us All Rich

    Last week we documented Barack Obama’s devolving definition of who he considers to be rich. At first it was families making more than $250,000. Then it was those making more than $200,000. Than those making more than $150,000. Now Bill Richardson is telling New Mexico radio listeners only those making … More

    Setting the Record Straight: Obama's Misleading Tax Ad

    Barack Obama has spent more money on political advertising than any campaign in history. In the case of his 30-second spot, “Try This,” we’d like the Democrat presidential to try honesty instead. The misleading and false ad suggests The Heritage Foundation supports his tax plan. Nothing could be further from … More