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    Morning Bell: Tax Hikes to Start the New Year

    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 … More

    GAO Cites Waste in U.S. Food Aid Programs—But Does Not Call for Budget Cuts

    Senator Tom Coburn (R–OK) and others in Congress have repeatedly expressed concerns about “fragmentation, overlap, and duplication” in non-emergency food aid programs administered by the United States Agency for International Development (USAID) and United States Department of Agriculture (USDA). But a study released this month by the United States Government … More

    Hearing Exposes Obamacare's Implementation Challenges for States

    Yesterday, the House Energy and Commerce Committee held a hearing to discuss the implementation of Obamacare’s exchanges and Medicaid expansion, both of which are slated to begin in 2014. Exchanges Two officials from the Centers for Medicare and Medicaid Services expressed confidence that exchange implementation was on schedule, stating, “All … More

    Morning Bell: Businesses Cutting Hours, Bracing for Costs of Obamacare

    It seems that every day now brings another business owner in the news talking about cutting workers’ hours or making other cost-cutting moves in anticipation of Obamacare’s impact in 2013. Here are just a few of the business owners’ comments on the health care law: “We’ve calculated it will [cost] … More

    Morning Bell: What IS the Fiscal Cliff?

    With just a few weeks left in 2012, all eyes in Washington are on Capitol Hill and the “fiscal cliff” negotiations. As usual, Congress and the President are taking highly contentious issues down to the wire before cutting a deal—never a situation that ends well for taxpayers. Federal Reserve Chairman … More

    Morning Bell: 4 Reasons Warren Buffett Is Wrong on Tax Hikes

    Let’s talk taxes. In a New York Times op-ed yesterday, famed investor and Berkshire Hathaway CEO Warren Buffett once again argued that the wealthy should be taxed more. This isn’t the first time Buffett has made the case for higher taxes, and it’s not the first time he’s been wrong. … More

    Morning Bell: Should We Pay Government Employees More?

    Federal employees—who work on average a month less than private-sector workers and get paid more—are lobbying for higher pay. Government unions know that Congress is looking for ways to nip and tuck the federal budget, and they’re counting on being left out of the deal. “The Federal-Postal Coalition—a group representing … More

    Time to Remove the Taxpayer Trough from Wind Producers

    The meal provided by the taxpayer is over. When pigs finish eating the slop that a farmer put in the trough, they’ll hang around the trough waiting for more food, but the farmer doesn’t cave. That meal is over, and the farmer promised no more food than what he put … More

    IMF: Fannie and Freddie Threaten U.S. Fiscal Health

    Followers of the International Monetary Fund (IMF) have long joked that the fund’s acronym stands for “It’s Mostly Fiscal.” For a long time it has helped bail out basket-case economies with severe fiscal deficiencies, such as Greece, Russia, and Argentina. But a recent report shows that the IMF is now … More

    National Education Standards: Been There, Didn't Do That

    While 46 states have jumped on the national education standards bandwagon, it’s not too late to hit the brakes. We’ve been down this road before. During the 1990s, the push to nationalize standards and testing reached a fever pitch. There were the infamous national history standards, which were so poor … More