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Chart of the Week: How to Simplify the Tax Code and Lower Taxes
House Republicans return to Washington today to vote on a two-month payroll tax extension. If news reports are correct, the bill is likely to fail, leaving in doubt how lawmakers will resolve their...
View ArticleEnough Political Theater – Time for Congress to Get the Job Done
As the clock counts down toward Christmas, Congress still has major unfinished business to attend to. Not that we should be surprised. Emblematic of a resoundingly disappointing year, the last...
View ArticleMorning Bell: Senators, Do Your Job and Get to Work
On the front page of the White House’s website, a clock slowly ticks away, second by second, counting down to the day, hour, minute, and second that the nation’s payroll tax “holiday” expires and the...
View ArticleThe Senate Takes a (Payroll Tax) Holiday
The political battle over extending the payroll tax holiday is understandably confusing for many Americans, so it is worthwhile to step back and see how we got into this mess. Americans have come to...
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Chart of the Week: Obamacare’s 17 New Taxes
Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a whopping cost of $502 billion over its first 10 years. This week’s chart illustrates...
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Morning 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 ArticleWhat About the Payroll Tax, Mr. President?
Finally, President Obama has awakened to at least a part of Taxmageddon as it barrels down on American taxpayers next year and drags down job growth this year. Was he previously unaware of it? Did he...
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How Much Will Taxmageddon Cost Your Family?
Check out and share our new infographic on the impact of Taxmageddon. The post How Much Will Taxmageddon Cost Your Family? appeared first on Daily Signal.
View ArticleIs a Tax Cut Always a Good Thing?
According to Friday’s Washington Post, the Administration is considering a new, short-term tax cut. Should conservatives cheer? As a matter of principle, there are at least two reasons to dislike taxes...
View ArticleMorning Bell: The Specter of Taxmageddon Rises
On this Halloween, a truly frightening specter is looming. No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase this ghoul away. It’s Taxmageddon. A...
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Obama’s Dirty Little Tax Secret: He’s Already Raised Taxes on the Rich (CHART)
The one glaring omission in President Obama’s fiscal cliff demands for higher rates on top earners is that he’s already raised their taxes. That’s right! When he signed Obamacare into law, he raised...
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Obama Fiscal Cliff Plan Silent on Payroll Tax Cut
Credit: Jewel Samad/AFP/Getty Images/Newscom This time last year President Obama said of the pending expiration of the payroll tax cut, “It may be that there’s [sic] some folks in the House who refuse...
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Morning 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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Morning Bell: 13 Tax Increases in 2013
New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven...
View ArticleSmaller Paycheck? Welcome to Obama’s Post-Fiscal-Cliff World
Working Americans receiving their first full paycheck of the year may have had a rude awakening today. Despite all the President’s promises not to raise taxes on the middle class, he did exactly that....
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Effective Marginal Tax Rates: A Growing Discussion
Photo: Tetra Images/Newscom Did you notice how your paycheck shrank in January? The expiration of temporary payroll tax cuts boosted marginal tax rates about two percentage points for most Americans....
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Watch Out…The President’s Talking “Balance” Again
Cartoon by Eric Allie, Townhall.com If you aren’t nervous, you should be. The President is, once again, talking about a “balanced approach” to fixing sequestration—the across-the-board budget cuts...
View ArticleVIDEO: Obama’s 13 Tax Hikes in 2013
President Obama is crisscrossing the country to scare Americans about sequestration. But what’s really frightening are the 13 Obama tax hikes that took effect in 2013. These tax increases, which range...
View ArticleMorning Bell: Obama’s Sequester Smokescreen
Suppose you desperately needed to lose weight but had a Big Mac with fries and a Coke staring you in the face. You could take your need to diet seriously and say, “No thanks, I’ll have a salad.” Or you...
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Retirement: Delaying It Brings Many Benefits
Newscom Too many healthy seniors retire early at a loss to their wealth and to society. Meanwhile, Social Security is in dire need of reform. Delaying the age of retirement for those able to continue...
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Social Security’s Unfunded Obligation Rises by $1 Trillion
Newscom Contrary to claims by cheerful news sources, Social Security’s deficit outlook is not “unchanged” or “no worse.” Social Security’s unfunded obligation rose by $1 trillion according to the...
View ArticleVIDEO: Three Reasons to Reform Social Security Now
In a recent video by ReasonTV, Nick Gillespie describes Social Security as a “fiscal and demographic disaster.” Heritage research provides further support that the program “desperately needs to be...
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A Constructive First Step to Reform Social Security
Newscom Dave Camp (R–MI), chairman of the House Ways and Means Committee, has announced a series of hearings on bipartisan entitlement reform proposals, the first of which is using the chained Consumer...
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Social Security Turns 78: What Was It Meant to Do?
When President Franklin D. Roosevelt signed Social Security into law on August 14, 1935, he referred to it as “a law which will give some measure of protection to the average citizen and to his family...
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Obamacare and Its Impact on Hispanics
Glowimages Glow Images/Newscom Here’s something you won’t hear from the Hispanic media, the mainstream media, or the White House: Among the many terrible side effects of Obamacare is its adverse...
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The Case for Medicare Reform in One Chart
Last week’s release of the annual long-term budget outlook by the Congressional Budget Office (CBO) illustrates the need to control federal spending, and spending on health entitlements in particular....
View ArticleThese 13 Tax Increases Hit in 2013
It’s about time for us to uncover our eyes and take a hard look at what 2013 did to our finances. Did you feel the pinch of the 13 tax hikes that hit Americans this year? Before you review the list...
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Generation X and Millennials Face Retirement Crisis
Photo credit: Moment/ZUMA Press/Newscom While social commentators bemoan the impending retirement crisis facing baby boomers, younger Americans should really be the ones worrying, argues Heritage’s...
View ArticleSocial Security Disability Insurance Program Requires Immediate Reform
The Social Security Disability Insurance (SSDI) trust fund is projected to run dry in just two years. Absent legislation to address the disability program’s impending insolvency, benefits for all...
View Article2014 Tax Day Chart: Who Pays the Most?
Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers were hit with the President’s myriad tax...
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