Members of Congress—who are about to debate raising the debt ceiling tomorrow—should have paid attention yesterday. The President was very clear that he sees no urgency about reducing the debt and cutting the deficit. In fact, in his second inaugural address, President Barack Obama was honest about his intentions to …
Did you notice how your paycheck shrank in January? The expiration of temporary payroll tax cuts boosted marginal tax rates about two percentage points for most Americans. That might not be a very large number on its own, but taken together with the full range of government policies affecting workers …
New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases. Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day. 13 Tax …
While you were sleeping—or ringing in 2013—the Senate voted to raise taxes. After missing the midnight deadline, Congress and the President have technically sent the nation over the fiscal cliff, meaning higher tax rates are already in effect for all income tax brackets. But the Senate’s deal, brokered by Senate …
Heritage’s blog, The Foundry, turns 5 years old next week. Not only has it transformed how our think tank communicates, but it also features some of the most-read content that our team produces. Thanks in part to the addition of Scribe, our investigative blog, The Foundry nearly doubled the number of unique …
While many Americans resolve to make 2013 the year they really do slim down, exercise more, and spend less, Congress could afford to commit to a few such resolutions of its own. Call them budget resolutions—something Congress hasn’t had in a while. Here are five suggestions: Cut spending. The federal …
