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Taxes - The Heritage Foundation

Taxes - The Heritage Foundation
A powerful lesson of recent months is that gimmickry makes good bumper stickers but lousy economic stimulus.
View Article - Wed, 08 Sep 2010 11:42:00 -0400

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

In many respects, Dan L. Duncan was the embodiment of the American dream, the self-made man incarnate. He transformed $10,000 and two propane trucks into a natural gas empire and a personal net worth of $9 billion—making him the richest person in Houston, and the 74th wealthiest individual in the world.
View Article - Wed, 18 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

Looking for more great sites?

May I suggest the following....

 

Progressive Liberals ... We're Not In High School Anymore

 

Sunday, September 13, 2009
www.meatandpotatoes.org
 

 

There are reasons why I didn’t attend my 10 year high school reunion, and those reasons are now on display on the Sunday talk shows.  This administration and the parties are playing out every cheesy 80’s teen movie I was forced to watch during my years of ninth to twelfth grade.  The template was the same, weather you watch The Karate Kid, Can’t Buy Me Love, or Revenge of the Nerds: 

 

  1. Popular Guy runs the show because he’s popular and has been anointed as such by his mindless followers.
  2. Popular Guy begins to spit on everyone, with his elite friends standing behind him and laughing.
  3. Underdog rises up against all odds and defeats Popular Guy and his minions with truth, honor and justice.
  4. Popular Guy is exposed for the “Rat-Fink” he truly is.
  5. Popular Guy runs off with tail between his legs and we all live happily ever after.

 

 


Let’s face it folks, the last nine months have been one really long rerun of all those movies put together.  And now we are in the 3 chapter of the movie.  Sorry Liberals and Progressives, but if the analogy fits...wear it.

Like all good analogies, something triggers the comparison.  Take Senator Joe Wilson, for example, and let’s look at it through the same lense.

On Wednesday September 9th, a 'school dance' was held in the congressional gym.  All the 'nerds', who for years had been ridiculed and even had their spokesman booed at previous gatherings, had been put in their place by the 'popular crowd' and religated to sit off to the side.  The 'king of the dance' gets on stage and addresses the attendees.  While the un-cool group sat there listening to insults to their kind, their thoughts and their beliefs, the 'popular guy' tells a flat out lie.  One of the 'nerds' in a fit of anger cries out, “You Lied”.  The 'popular guy', flanked by his perpetually drunk best friend on his right, and his two faced shallow girlfriend to his left, all stare at the man with complete contempt thinking of how they will make him pay for his insolence.  How dare that 'nerd' speak out against the 'popular guy', and the popular class!


Now days later, an apology is not enough.  Even though one was issued to the President, and accepted.  No, the members of the popular (strike that) democrat leadership are now asking for more apologies, and Joe is no longer playing.  Rightfully so, because there will not be an apology that will be good enough, nor is one even necessary.  However, Joe could go on a world wide apology tour like the president did this year, and the popular crowd along with the rest of the world, will sense weakness and continue to walk all over him.  If this were still high school, the democrats would pull some prank on him, like cover his house with toilet paper to send an intimidating message to sit down and shut up.  Oh, that’s right they did, they crashed is web site several times, but that’s different….right?

I grew out of the high school mentality years ago, and the American public at large has as well.  Saturday marked the beginning of a new age of Political Enlightenment for the American people and its view on their elected officials.  This is no longer about Democrat or Republican, Popular or Nerd (sorry People magazine…stop putting Obama on the cover we no longer care), it’s now about Right versus Wrong.  We the people, are going to be asking a lot of questions now about the corruption in Washington and talking points won’t help.  Talking points are a product of a bygone era.  They may have been effective before the monopoly of the media fell and before the internet; where a talking point can be debunked with a ten second search on Google.  Don’t believe me?  Ask Van Jones.  After all it was not a Nixon era major news organization that dug into him, it was all on YouTube for heavens sake!

Speaking of talking points, the latest one pertaining to the unprecedented demonstration this weekend in DC is about two days too old, and it goes like this: “These guys are part of a shrinking Republican Party and make up only 10 to 20 represent of the population.”   Wow, sounds good on the surface, but let’s take a closer look at that:


 

Presidential Inoguaration of Obama

9/12 March on Washington DC

Attendance: up to 1.8 million Attendance: up to 2.2 million
Cost to Tax Payer: $160 -$170 Million Cost to Tax Payer: $0
Obama was elected with 52% of the vote, and drew up to 1.8 million people (the highest estimate issued by the park service), and was billed as the largest event ever held in Washington DC.  One must remember that this was the culmination of a presidential election that was hammered by the media for 18 months, and is a tradition held every 4 years sense the founding of the republic.  One must also note that 240,000 tickets were issued for the event and that the event cost the tax payers between $160 - $170 million dollars to put on.

The 9/12 March, that is only supposed to represent 10% to 20% of Americans, drew up to 2.2 million (according to ABC news), surpassing the inauguration as the largest event ever help in Washington DC.  Not a single invitation was printed or sent out.  The event wasn’t even announced by the national media till 60 days before it happened, and when it was, only a fraction of the national media uttered a word of it, until the day of the event. The march was held on a day not marked by any national holiday, and was the first of its kind, ever!  Most importantly, this grass roots effort did not receive a single dollar of tax payer money.


Don’t care for my logic?  Well how about this one.  The Democratic Party has always catered their legislative agenda to union member and special interest needs, thanks to the union's massive pocket books.  Just what percentage of the population are union members today?  A 2008 survey, done by the Bureau of Labor Statistics shows that 12.4% of wage and salary workers are union members.  The first year this survey was done was in 1983 when the rate was 20.1%.  Why would a party continue to press an agenda in the face of contradictory pubic opinion polling data, when this demographic has shrunk by nearly 50% over the last 25 years?  The only logical answer is they are being paid to do it, and in this new age of Political Enlightenment; corruption of such scale will no longer be permitted by the American people.  This again drives home the issue of right vs. wrong. 

 

Are there any lessons from my high school worth noting?  At the end of my freshman year, our class decided they have had enough of the popular guy as our president, so we voted him out.  We replaced him with someone that drove the principal nuts.  He was not part of the popular click, and sure he stood at 6’3”, with orange hair, and had a spent more time in detention than in the library, but he spoke the truth.  He held office though my senior year and his speech at graduation is the only one I can remember.  “Go forth class of 1990 with pride, and make the word your own, for we all are Little Kings.” 

 
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

My Top Blog Picks:

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Roberts Report
 

 
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>> Josh Mandel:
Candidate for Ohio State Treasurer
 
 

 

We are an independent group of thinkers, who are neither Democrats nor Republicans, but believe in right and wrong.  It’s time to clear all the crazy stuff from our lives, and get down to just the Meat and Potatoes of today’s issues.  Join us, and invite your friends to sit down at your table and discuss with us.  Site Map