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    Obama Keeps Recycling Failed Tax Policies

    There he goes again. It seems that President Obama just can’t help himself. He keeps pushing Congress to pass policies it has rejected in the past or has foolishly passed to little beneficial effect. The latest recycling of policies comes from the President’s Post-It note to-do list for Congress. If … More

    Obama's To-Do List: Clean Energy Over Taxmaggedon

    During a speech this week, President Obama presented Congress with a 5-point to-do list, which, as the President proudly proclaimed, would fit on a sticky note. When it comes to unleashing the economy and creating jobs, his suggestions are only worthy of a sticky note. It is particularly telling of … More

    Congress Needs to Act Now on Taxmageddon

    A few weeks ago, around Tax Day, Heritage started warning of Taxmageddon—a one-year, $494 billion tax hike that slams the economy on January 1, 2013, unless Congress and President Obama act to stop it. At that time, Taxmageddon was merely a blip on Washington’s radar, because the conventional wisdom was … More

    Morning Bell: What Tax Day Could Feel Like in 2013

    In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill — 29.2% of all our income. In other words, for … More

    Tax Day 2012: Taxmageddon on the Horizon

    In a bit of scheduling serendipity, Tax Freedom Day—the day when Americans finally earn enough income to pay off the bill for all federal, state, and local taxes for the year—falls on April 17 this year. That also happens to be Tax Filing Day 2012. Absent tax changes made by … More

    Morning Bell: Tax Gimmicks, Tax Doom

    The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring “fairness” to the tax code and pay down the debt. As the paper-thin justification for the proposal … More

    Chart of the Week: The Tax Burden on American Households

    Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has risen dramatically and will continue to climb into the future without action from Congress. This week’s chart outlines the growth of taxes over the past … More

    Online Chat on Taxmageddon and the Buffett Rule

    Taxmegeddon is coming. No, it’s not April 15th, but in 2013, there will be massive tax increases that will raise taxes by $494 billion. Does President Obama want to talk about that?  No. Just as he doesn’t want to talk about the deficit, or gas prices, or Obamacare.  Instead, President … More

    Morning Bell: Beware the Taxmageddon

    Brace yourself. In a mere 271 days, you and your fellow Americans will be hit with a tax hike the likes of which this country has never seen. The Washington Post aptly called the unprecedented $494 billion tax hike “Taxmageddon,” and Federal Reserve Chairman Ben Bernanke described it as a “massive fiscal … More