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Deficits: Spending, Not Revenue, Is to Blame
Deepening federal budget deficits indicate that one component of the federal budget baseline—either spending or revenue—is out of alignment. Closer inspection reveals that spending is the root cause,...
View ArticleGingrich Wants House GOP to Pass Democrat-Backed Offshore Drilling Bill
Speaking at Heritage this morning, former Speaker Newt Gingrich called on House Republicans to put politics aside and pass a new proposal from two Democratic senators that would expand offshore...
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Outside the Beltway: Luaus in Illinois? Sure, When Pork Is What’s for Dinner!
$1,100 for Hawaiian party props and luaus? $78,066 to promote quail? $6,500 for a 4,000-gallon live bass fish tank? $10,000 for a Batman party? $353,165 to fund car racing? Congratulations,...
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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...
View ArticleWarren Buffett Wrong Again on Tax Increases
As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point with his periodic call for higher taxes on his...
View ArticleFiscal Cliff: Where Are Your Spending Cuts, Mr. President?
The fiscal cliff debate has centered on talk of raising taxes on high-income Americans. The silence on spending cuts has been deafening. On Monday, as if on cue, came investor Warren Buffett’s...
View ArticleLesson for Warren Buffett: British Millionaires’ Response to Tax Increases
As the fiscal cliff approaches, Congress and President Obama continue to debate tax increases, even though spending is the problem. Investor Warren Buffett recently opined that tax hikes on the wealthy...
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It’s Time to Stop Picking Winners and Losers in the Energy Industry
Bill Clark/CQ Roll Call/Newscom Representative Mike Pompeo (R–KS) hopes his new bill calling for the repeal of all energy tax credits on both conventional and renewable energy sources will level the...
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Morning Bell: Obama’s Fake Budget Marketing Exposed
President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” Is this true? In a word, no. In fact, his spending increases and advertised...
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Hunting for Surprises in the Obama Budget
Douglas Graham/CQ Roll Call Photos/Newscom It is somehow fitting President Obama released his budget for Fiscal Year 2014 after Easter, a mere 65 days late—but who’s counting? Fitting because going...
View ArticleA Spend-More, Tax-More, and Borrow-More Budget Would Hurt, Not Help
Congress needs to drive down federal spending toward a balanced budget, including through entitlement reforms, while maintaining a strong national defense and without raising taxes. Neither the House...
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