“I’ve said that this is a make-or-break moment for the middle class, and I believe it,” President Obama told an Ohio crowd yesterday. Indeed it is—because in a sluggish economy, American taxpayers are about to be clobbered by the largest tax increase in history. Starting January 1, 2013, Americans will …
Within one year of being elected, Governor Scott Walker (R) reformed the state’s public sector pension system, eliminated a $3.6 billion budget deficit without raising taxes, saved taxpayers hundreds of millions of dollars, and helped create the conditions that have allowed Wisconsin’s economy to grow again. Meanwhile, thanks to the …
Yesterday, former President Bill Clinton agreed with the strong message The Heritage Foundation has sent Congress and the President: Prevent Taxmageddon from taking place—and do it now. The 42nd President stated: What I think we need to do is find some way to avoid the fiscal cliff, to avoid doing …
President Obama’s proposal to keep interest rates on one type of student loans below market level obscures the fact that, if Taxmageddon strikes, the tax hike young adults entering the workforce would face would vastly outpace the savings they might enjoy from Congress continuing to subsidize their interest rates. Taxmageddon …
Americans are facing an unprecedented $494 billion tax hike on Jan. 1, 2013. It’s been dubbed “Taxmageddon” given the economic devastation it would cause. Conventional wisdom suggests lawmakers in Washington will wait until the 11th hour to come up with a solution. Fortunately, Speaker John Boehner (R-OH) announced last week …
Former Governor Tim Pawlenty (R–MN), national co-chair of the Romney for President campaign, appeared on CNBC yesterday and chastised President Obama for failing to lead on stopping Taxmageddon before the November election. Pawlenty is right: Washington should stop Taxmageddon now. Heritage has been saying just that for weeks. Speaker of …
