McCain Throws Down the VAT Gauntlet
The capstone of President Obama’s the “Glut the Beast” strategy is to maneuver the country into accepting a massive new Value-Added Tax (VAT). This as… Read More
The capstone of President Obama’s the “Glut the Beast” strategy is to maneuver the country into accepting a massive new Value-Added Tax (VAT). This as… Read More
The Associated Press reported last week: “Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s… Read More
The United States is on an unsustainable financial course, and everyone seems to know it. As Heritage highlighted in our recently published 2010 Budget Chart… Read More
Looking for a raise during these tough economic times? You may want to try working for a larger company. Though largely unpublicized, the fact that… Read More
Today is tax day, the day when taxes are due and Americans send in their money to the federal government. These taxes go to fund… Read More
President Obama met today with members of Congress to jawbone them on the pending financial reform bill. A key part of his message: “we must… Read More
Professor Stephen Bainbridge, who is the William D. Warren Professor of Law at UCLA, shares the following insight on economic freedom: I’m happy to acknowledge… Read More
When Chilean President Sebástian Piñera was sworn into office last month, he did so with the walls around the National Congress rattling, as an aftershock… Read More
Is the Federal Communications Commission building a case for government-subsidized news? It’s not hard to imagine that will be the outcome of the Commission’s “Future… Read More
Treasury Secretary Timothy Geithner stumps for Sen. Chris Dodd’s (D-CT) finance reform bill in today’s Washington Post: As the Senate bill moves to the floor,… Read More
A recent GAO report warns that GM and Chrysler may need even more taxpayer money. This comes after GM and Chrysler received the overwhelming bulk… Read More
Economic realities are slapping states in the face as they come to terms with the fact that they can’t afford costly government programs amid declining… Read More
President Obama’s push to enact a massive tax increase in the form of a new value-added tax (VAT) is now clearly underway. Earlier this week,… Read More
The federal budget is on an unsustainable course with red ink as far as the eye can see, so it is especially important for Americans to understand spending, taxes, and debt.
The Heritage Foundation’s Budget Chart Book is a user-friendly way to learn about the federal budget in pictures.
It’s been nearly a year since the Obama administration took the reins of General Motors, and if today’s headlines are any indication, things aren’t looking… Read More
The taxpayer-funded auto bailout was largely the result of a number of poor decisions made by General Motors and Chrysler. Along with the excessively high… Read More
In a huge win for the free market and limited government, a federal appeals court today put a halt to the Federal Communications Commission’s attempt… Read More
After the first few lines of liberal columnist Thomas Friedman’s piece in Sunday’s New York Times, you would have thought he had finally seen the light:… Read More
Roberton Williams and Rosanne Altshuler’s Five Myths About Your Taxes in the Washington Post on Sunday was such a useful piece one hesitates to criticize,… Read More
Americans are endlessly paying taxes–on their income, on their property, on almost anything they purchase. But the heavy burden that the U.S. government places on… Read More
In a recent interview with Yahoo Finance, Vice President Joe Biden said the following: “the top 1 percent of earners get 22 percent of all… Read More
Treasury Secretary Timothy Geithner appeared in an interview on The Today Show this morning and decried the “unfairness” of an economy where businesses on Wall… Read More
While President Obama and congressional liberals have yet to come down from the high of passing their historically horrible health care legislation, conservatives are still… Read More
Unemployment has skyrocketed in this recession. Worse, it has remained abnormally high. Joblessness never rose above 8 percent in either the 2001 or 1991 recessions,… Read More
It’s hard not to sympathize with organized labor—at least to some extent. After all, during the 2008 elections, unions donated roughly half a billion dollars… Read More
Today the U.S. House of Representatives will take up a new “jobs” bill, HR4849, that includes a $2.5 billion provision to expand the size of… Read More
America’s current predicament is that it borrows money from countries or individuals to finance many of its expensive obligations, including financing the $862 billion stimulus… Read More
At 1,336 pages, the Dodd financial services regulation bill proposal, which the Senate Banking Committee will begin to consider today, includes language that could create… Read More
Yesterday, former Reagan administration economic adviser Arthur Laffer stopped by the Heritage Foundation for a lecture titled, “Return to Prosperity: How America Can Regain Its Economic Superpower Status”. Laffer popularized what has become to be known as the “Laffer Curve” which helped demonstrate that increased taxation can be counterproductive in the long-term as it leaves citizens with less resources and depresses economic growth.
After his speech, Laffer sat down for an “In the Green Room” segment where he discussed the roots of the financial crisis, how President Bush and Obama have mishandled the problem, and what to expect in 2010 and 2011.
Senator Chris Dodd’s monstrous 1336-page financial reform draft includes a whopping 217 pages devoted to “improving” over-the-counter derivatives markets. Dodd the derivatives section may be… Read More
