EconomyNews
Pro-Internet-Tax Groups Get the Facts Wrong
A letter from a small group of four pro-Internet-tax advocacy groups sent to Members of Congress yesterday claims that The Heritage Foundation is wrong on… Read More
President Obama, Bangladesh Has Faced Enough Tragedy, Don’t Take Away Jobs, Too
Since late last year, workers in Bangladesh have been beset by tragedy after tragedy. First there was a factory fire that killed over 100 garment… Read More
Getting More Bang for the Buck from Food Aid
Proposed changes to food aid programs would allow U.S. tax dollars to feed more people at a lower cost. Representatives Ed Royce (R–CA) and Karen… Read More
Morning Bell: Immigration Reform Should Strengthen, Not Cost, America
Lawful immigration can bring important economic and cultural benefits both to the United States and to the immigrants. Americans rightly live and celebrate the values… Read More
Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts
The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a… Read More
House Republicans Are Right to Focus on Spending Cuts as Part of Debt Ceiling Increase
This week, the House Republican conference met to discuss what their priority will be in connection with any vote to increase the debt ceiling. This… Read More
A Spend-More, Tax-More, and Borrow-More Budget Would Hurt, Not Help
Congress needs to drive down federal spending toward a balanced budget, including through entitlement reforms, while maintaining a strong national defense and without raising taxes…. Read More
Anniversary of U.S.–Colombia Free Trade Agreement: Solidifying a Partnership for the Future
May 15th marks the one-year anniversary of the implementation of the U.S.–Colombia Free Trade Agreement (FTA). Over the past 12 months, a growing number of… Read More
Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO… Read More
Tax Reform: Ways and Means Committee Takes Another Step
The House Ways and Means Committee took another necessary step toward tax reform with a report requested from and issued through the Joint Committee on… Read More
Morning Bell: The Ugly Facts About the Internet Sales Tax
The Internet sales tax passed the Senate, but a growing chorus is pointing out that it would hurt many to help the tax man. The… Read More
EconomyNews
Labor: D.C. Circuit Strikes Down NLRB Poster Rule
On May 7, the U.S. Court of Appeals for the D.C. Circuit struck down a National Labor Relations Board (NLRB) rule that required more than… Read More
Morning Bell: Ready for Another Debt Limit Fight?
Yes, it’s time to talk about the debt limit again. Every time the U.S. bumps up against its debt ceiling, we start the cycle all… Read More
INFOGRAPHIC: Boehner and Small Business Owners Agree, Internet Sales Tax Is Bad for Everyone
Speaker John Boehner (R-OH) told Bloomberg Television Wednesday he would “probably not” support the Marketplace Fairness Act, an Internet sales tax bill that passed through… Read More
House Bill Ends the $3 Public Election Tax Check-Off, Spends “Savings”
H.R. 1724, the Kids First Research Act of 2013, sponsored by Representative Gregg Harper (R–MS), would end the Presidential Election Campaign Fund (PECF). That’s the… Read More
Heritage Statement on the Cost of Amnesty Study
The Heritage Foundation has released the following statement: Our vision at The Heritage Foundation is to build an America where freedom, opportunity, prosperity and civil… Read More
To Prevent Another Factory Tragedy, Bangladesh Should Embrace Economic Freedom
Over the past two weeks, the world has looked on in shock and horror as the mangled bodies of Bangladeshi garment workers were pulled from… Read More
Morning Bell: Amnesty Would Cost Taxpayers $6.3 Trillion
What is the goal of immigration reform? As Heritage President Jim DeMint put it yesterday, “Any immigration reform should improve the lives, the incomes, and… Read More
Heritage to Detail Amnesty Costs at 11:30 News Conference
WHEN: Today, May 6, at 11:30 a.m. ET (Camera setup: 10:30 a.m.) WHO: Jim DeMint, President, The Heritage Foundation Robert Rector, Senior Research Fellow, Domestic… Read More
How Do Nations Succeed? With Economic Freedom
It’s often easy to forget where we’ve been on the journey to where we’re going. In America, the foundation of our society and the source… Read More
Housing Finance Nominee: Expect Big Government Housing Policies Doomed to Fail
President Obama nominated Representative Mel Watt (D–NC) as new chief regulator to the Federal Housing Finance Agency (FHFA), replacing the current acting director Edward DeMarco…. Read More
Too Big to Fail: Brown–Vitter Swings and Misses
In an unusual left–right pairing, Senators Sherrod Brown (D–OH) and David Vitter (R–LA) last week introduced legislation to increase capital requirements on large banks. Calling… Read More
GDP Grew 2.5 Percent in the First Quarter
After dreadfully low growth in the last quarter of 2012—just 0.4 percent—gross domestic product (GDP) returned to a healthier rate of growth of 2.5 percent… Read More
Reid Suggests Exploiting Budget Gimmicks for Sequestration
Senate Majority Leader Harry Reid (D–NV) is proposing not one but two old budget gimmicks to spend $85 billion more in 2013 than allowed under… Read More
Morning Bell: Internet Sales Tax Is a State Money Grab
Why are states so eager to collect taxes on Internet sales? In short, because they could grab money from other states. Heritage legal expert David… Read More
Immigration Bill Is a Trojan Horse for Spending
The contentious immigration bill (S. 744) put together by the Senate Gang of Eight is a spending Trojan Horse with several provisions that simply declare… Read More
Morning Bell: Beware the Internet Sales Tax
The Internet sales tax is back, and it could be the next big vote in the Senate. The proposed law would enable states to force… Read More
Thomas Perez a Troubled Pick for Labor Secretary
The President has a right to nominate cabinet secretaries who share his political views. He does not have a right to appoint unqualified cabinet secretaries…. Read More
EconomyNews
Hunting for Surprises in the Obama Budget
It is somehow fitting President Obama released his budget for Fiscal Year 2014 after Easter, a mere 65 days late—but who’s counting? Fitting because going… Read More
Raising the Minimum Wage to $9 Would Harm Most Vulnerable Job Seekers
President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help. When the… Read More
