Double Dip?
Tax hikes helped the U.S. economy go from downturn to depression in 1932.Throughout the mid-30s there were glimmers of economic recovery until taxes were raised again in 1937, helping send the economy...
View ArticleTreasury Secretary’s Bogus Claim: Failure to Raise Taxes Would Hurt the Economy
Weak economy or not, a huge tax increase is just around the corner. Tax relief enacted nearly a decade ago is set to expire in January, raising taxes for middle-class families, slamming the economy...
View ArticleThe Obama Tax Hikes: It’s Not Their Money!
America is having a serious conversation on taxes and their impact on economic growth: The Obama administration is making the case for raising taxes by not extending the Bush tax cuts; Opponents...
View ArticleHoover, FDR and Clinton Tax Increases: A Brief Historical Lesson
The obvious reason to prevent a tax hike by extending current tax rates is that doing so will prevent further economic harm to an already flat economy. How do we know that tax increases will cause...
View ArticleThe Futility of Tax Hikes in Pictures
In light of the impending Obama Tax Hikes, Mercatus Center senior research fellow Veronique de Rugy created the chart to the right illustrating Hauser’s Law which Standford University professor Kurt...
View ArticleHouse and Senate Cloakroom: December 5-11, 2010
House Cloakroom: December 5-11, 2010 Analysis: With the administration in negotiations regarding the extension of tax relief measures from 01/03, a deal could be struck at some point this week and the...
View ArticleContinual Keynesian Collapse
The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more money in people’s pockets in hopes that they’ll...
View ArticleMorning Bell: The Truth About Tax Cuts
All you are likely to hear about low tax rates from liberals and their echo chamber in the media is that they don’t work—that they fail to gin up economic or job growth. Exhibit A for this preposterous...
View ArticleChart of the Week: Tax Burden Is Rising to Highest Level in History
President Obama will meet with congressional leaders tomorrow to resume talks on the debt limit. The rare Sunday meeting between top Republicans and Democrats could signal the start of “hard...
View ArticleSen. Gillibrand Accidentally Makes the Case for Bush Tax Rates
Sen. Kirsten Gillibrand, D-NY, is determined to convince Americans that the Bush-era tax rates have directly resulted in job losses for New Yorkers. To that end, she recently published a series of...
View ArticleHeritage Radio – Sunday, August 7, 2011
Tune in here at noon ET on Sunday to listen to Heritage Radio. Topics will include the new job numbers, the economy, and a discussion with Heritage expert James Gattuso on the increasing number of...
View ArticleFact-Checking President Obama on “Trickle-Down” Economics
In a recent speech in Kansas, President Obama launched a diatribe against “trickle-down” economic policies. Not only did President Obama mischaracterize conservative tax policy, but facts rebut his...
View ArticleMorning 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...
View ArticleWhy Bush Isn’t Responsible for Today’s Debt Crisis
We get it, the last thing President Obama wants is to be blamed for is the nation’s growing debt—or anything else, actually. But the statute of limitations on blaming President George W. Bush for...
View ArticleChart of the Week: Taxes Soaring Past Highest Level Ever
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...
View ArticleObama Tax Hike on Small Business Would Chill Hiring
“Would raising taxes on the wealthiest Americans have a chilling effect on hiring in this country?” When asked this question by Today’s Matt Lauer, Warren Buffett confidently answered, “No.” How could...
View ArticleMorning Bell: Taxes to Rise on Most American Workers
Representative Nancy Pelosi (D-CA) called it “a happy start to a new year.” That probably tells you all you need to know about the fiscal cliff deal that passed the House last night. The bill—which...
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