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Government Will Take Almost Half Your Paycheck in 2013
How high is the marginal tax rate on each additional dollar the average American earns? In other words, if you got a raise of one dollar, how much of that dollar would be taxed away? These rates are...
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Rural Utilities Create Zero Jobs With $47 Million in Stimulus Funding
A stimulus program designed to create jobs by funding rural utility projects has created only about 12% of the jobs projected at the outset of the program in a sample of towns recently examined by the...
View ArticleHeritage Foundation “Cut Government Spending” Goal Gains Ground
As the public debate swirls over whether and how to limit the size and cost of the federal government, The Heritage Foundation’s longstanding efforts to shrink the government gain ground. In May 2010,...
View ArticleHeritage Solutions Advance in the Public Debate
As the public debate over America’s future unfolds, The Heritage Foundation continues to advocate conservative solutions for America. A comparison of the Heritage solutions with former Massachusetts...
View ArticleAuto Bailout Success? For Union Workers, Maybe
President Obama’s auto bailout is being touted as a great success of his Administration. Speaking in Detroit at a Labor Day rally, Vice President Joe Biden used it to explain how Americans were better...
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Socialist Austerity in France
Francois Hollande won election to the French presidency by promising that more government spending would lead to quick economic growth. He sharply criticized the “austerity”—i.e., sudden spending...
View ArticleObama Ducks Responsibility for Washington’s Spending Binge
In a recent “60 Minutes” interview, host Steve Kroft primed President Obama with this statement: “Most Americans think we’re spending too much money.” To which Obama uttered a contemplative “Mm-hm.” An...
View ArticleRomney’s “60 Minutes” Fix For Social Security and Medicare
President Obama’s and Governor Romney’s appearances on “60 Minutes” Sunday revealed an interesting contrast. The President punted on a serious question about the nation’s concern over spending—blaming...
View ArticleAble-Bodied People Defrauding Social Security Disability Program
After shimmying up trees and doing away with storm debris, the obviously able-bodied tree trimmer asked his customer, “Could you make the check out to my mom? I’m on disability.” Inconveniently for...
View ArticleWhy Big Bird’s Federal Subsides Need to Go
The call to eliminate federal subsidies to the Public Broadcasting Service (PBS), such as Governor Mitt Romney’s recent statement, shouldn’t ruffle the famous fowl. After all, not only does PBS not...
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Fiscal Cliff: Will Obama Stop Kicking the Can Down the Road on Entitlements?
Even with the President’s desired tax hikes, publicly held debt would rise by $7.7 trillion in 10 years under the President’s budget. That’s right: Our federal debt would continue growing even if the...
View ArticleBank Profits Soar as Washington Subsidies Flow
Too often, government policies designed to ameliorate a general problem merely benefit a special interest. A case in point, highlighted by Binyamin Applebaum on the Economix blog, is the Home...
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