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Taxes - The Heritage Foundation

Taxes - The Heritage Foundation
Proponents of raising taxes have offered many straw man arguments and myths to support their case.
View Article - Tue, 07 Sep 2010 01:00:00 -0400

As we celebrate Labor Day, let’s remember what makes this holiday possible in the first place: American workers. For the most part that means small business.
View Article - Tue, 31 Aug 2010 01:00:00 -0400

The CEO of Intel has joined the ranks of those labeling big government as the cause of our economic slump, not the solution.
View Article - Sat, 28 Aug 2010 01:00:00 -0400

President Obama has called for a huge tax increase to take effect on January 1, 2011. Instead of reducing spending, he proposes to raise taxes on a wide swath of taxpayers—including small businesses—despite the weak economic recovery. Congressional Democrats stand poised (immediately following the November elections) to endorse the President’s request and threaten to go much further. Proponents of letting the tax cuts expire—which would indeed be a tax hike—have offered a wide array of justifications for this wrongheaded policy. Heritage Foundation fiscal policy expert J. D. Foster wades through the myths and straw arguments to set the record straight.
View Article - Thu, 26 Aug 2010 11:29:00 -0400

Curtis Dubay discusses the merits of extending the Bush tax cuts, including cuts for the middle class.
View Article - Wed, 25 Aug 2010 01:00:00 -0400

Bill Beach discusses whether a national tax holiday would encourage more lending.
View Article - Mon, 23 Aug 2010 01:00:00 -0400

The Economic Freedom Act, proposed by Representative Jim Jordan, would terminate the ineffective Troubled Assets Relief Program (TARP), and substitute a proven way to stimulate the economy: tax relief—from permanent repeal of the capital gains and death taxes to significant reductions in payroll taxes and the top corporate tax rate. Analysts at The Heritage Foundation’s Center for Data Analysis (CDA) conducted static and dynamic analyses of the act (H.R. 5029), finding that over the long term, dynamic economic effects would offset much of the cost of the tax relief. In the short term, the act would increase the deficit if it was not coupled with reductions in spending. This means a specific plan for spending cuts is imperative. The CDA analysts detail the economic and fiscal effects of the Economic Freedom Act’s spending and tax cuts.
View Article - Thu, 19 Aug 2010 10:30:00 -0400

Bill Beach discusses the possible outcomes of a flat tax.
View Article - Thu, 19 Aug 2010 01:00:00 -0400

J D Foster discusses the possibility of an American VAT.
View Article - Wed, 11 Aug 2010 01:00:00 -0400

Imagine you are one of House Speaker Nancy Pelosi’s top political strategists. The polls show your party needs a game-changer, something that will transform what looks like a losing political hand into a winner. “I know,” you shout, “let’s push for a large tax increase on the ‘fortunate few’ — the 2 or 3 percent of the population with so much money they won’t even miss a few thousand bucks. The other 97 or 98 percent will feel no pain, and we’ll be able to call ourselves deficit hawks when all those billions start rolling in.”
View Article - Tue, 10 Aug 2010 01:00:00 -0400

President Obama wants to drastically raise taxes in January
View Article - Thu, 05 Aug 2010 17:57:00 -0400

The CBPP's critique is based on faulty economic analysis and fundamental misrepresentations.
View Article - Tue, 03 Aug 2010 11:00:00 -0400

Liberals in Congress have a plan to raise your taxes after the elections this fall, something they must do to continue feeding the Obama Administration’s spending addiction. Watch for them to act after the midterm elections under the cover of the report from the bipartisan National Commission on Fiscal Responsibility and Reform.
View Article - Mon, 02 Aug 2010 01:00:00 -0400

Curtis Dubay returns to The Ed Show to discuss jobs and extending the Bush tax cuts.
View Article - Mon, 02 Aug 2010 01:00:00 -0400

Curtis Dubay discusses renewing the Bush tax cuts to support economic growth.
View Article - Tue, 27 Jul 2010 01:00:00 -0400

The death tax: What does it kill? Who does it affect? It affects hundreds of thousands of small-business owners across the country—as well as their employees and community residents who benefit from the senior and day care centers, playgrounds, charities, and learning centers that are built or supported by small-business owners. Like water and sunlight in an ecosystem, small businesses provide sustenance essential to building and preserving communities. So high is the death tax that a large portion of heirs to small companies cannot afford to pay it after the business founder dies, and see themselves forced to sell to giant corporations—which have no personal ties to the communities of their new acquisitions, and thus no incentive to commit to local institutions. What does the death tax kill? The best of American life and civil society itself. The death tax is simply antithetical to the core of the American dream.
View Article - Mon, 26 Jul 2010 10:53:00 -0400

Millions of Americans face potential financial ruin because they bought homes they couldn't afford. Often, these homeowners were lured by initially low interest rates that provided the illusion of affordability. After a few years, these "teaser" rates reset upward, creating unaffordably high mortgage payments.
View Article - Fri, 23 Jul 2010 01:00:00 -0400

Senator Jim DeMint cites Heritage research in his speech on preventing the renewal of the death tax.
View Article - Wed, 21 Jul 2010 01:00:00 -0400

2010 is the only year since 1916 in which heirs to an estate will not have to pay the dreaded death tax. Victory for small businesses? Not yet—due to a legal quirk, the death tax is scheduled to come back to life in 2011. Studies, statistics, and real life have shown again and again that the businesses and families burdened with the death tax often see themselves forced to cut back on benefits, investments, and employees. The death tax keeps new jobs from being created, hurting not just the affected businesses, but the economy as a whole. Because it is a tax on capital, the death tax destroys as many as 1.5 million jobs that the economy needs as it struggles to recover. Heritage Foundation tax policy expert Curtis Dubay details a replacement for the death tax, and explains why Congress must kill the death tax—now.
View Article - Tue, 20 Jul 2010 18:09:00 -0400

The Clean Energy Jobs and American Power Act would likely lead to the same conditions that caused the housing bubble of a few years ago.
View Article - Tue, 20 Jul 2010 13:00:00 -0400

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Emanuel Was Right - Never Let a Crisis Go to Waste!


Wednsday, June 17, 2010
www.meatandpotatoes.org 
By: Brian Miller
 

 

Louisiana is the perfect reflection of the country at large.  Here is a portion of our country that has seen first hand just how incompetent and useless big government actually is.  Now people are beginning to compare the failed responses of both their local government and the federal government in 2 major disasters within a decade. 

 

Hurricane Katrina exposed how at the local level, government was unprepared for a disaster that many had predicted would happen for decades.  While the images of the flood itself are still in our memory, how about this picture; hundreds of busses that could have been used to New Orleans sat for days unused and were left behind as the flood waters rushed in.  Not to mention the stories of the hundreds of thousands of people who were haphazardly corralled into the New Orleans Superdome instead of being evacuated. 

This was followed by the Federal Emergancy Management Agency (FEMA) completely botching up in the days that followed with no organization and no communication.  Thousands of  manufactured homes that FEMA had purchased sat unused because of FEMA's own regulations.  While people suffered without shelter, the mobile homes previously used for Florida hurricane victims, also sat unused for months in a vacant lot Venice LA.

The people in these communities identified the problems and have elected new leaders of their state and insisted on more organized emergency response protocols.  Government, after all, works best when it is closer to the people it serves.  Yet despite all of the efforts to fix things locally, the oil disaster happened.

 

Now even with a more organized local government, an ever larger and more dysfunctional federal government ran the show.  Booms sat in factories undeployed for weeks as the oil made it's way to the shore.  BP was given orders on what to do, with daily contradictions and delays, and money was not released for state officials to take action.  In fact, in a recent poll of Louisiana's residence, over 50% of both Republicans and Democrats believe that the Oil Spill was handled worse by the Obama Administration than Katrina was by the Bush Administration.

     "Fool me once shame on you.   Fool me twice, shame on me!"

 

This is a watershed moment for the people of Louisiana and for the nation at large.  The call should be to reduce the size of the federal government and return control to state and local governments.  After all, this was the way our nation was created to work.  The lesson learned, from both Katrina and the Oil Spill, is that the larger and more complex a government is, the less capable it becomes of achieving any of it's objectives.  The progressive experiment of a big federal government is over, and the results are in.  Continuing to expect the Federal Government to get better by being even bigger is as foolish as calling for stopping production of oil and massively increasing taxes on oil to solve this current disaster. 

 

 

 

 

 

 

 

 

 

 







 
1 - There is no liberal bias in the media
2 - Separation of Church and State
3 - Banning partial birth abortions is an assault on a woman's right to choose
4 - The Outsourcing of American Jobs
5 - The Creation of Green Jobs 
6 - Same Sex Marriage
7 - Rasing Taxes Equals more government funds
8 - The Supreme Court should keep International Courts in mind
9 - America must be humble to the international community
10 - Government Knows Best

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