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Tag: Taxes

9 Charts You Need to See for Tax Day

Posted: April 15, 2016 at 12:33 pm   /   Politics

Tax Day is almost here. As Americans all across the country finalize their tax filings, let’s take a look at where all those tax dollars go. Here are 9 charts from Heritage’s “Federal Budget in Pictures” covering federal spending, taxes, and debt: 1) Family Spending 2) Entitlement Spending 3) Interest on Debt 4) Public Debt 5) […]

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Puerto Rico’s ‘Wal-Mart Tax’ Ruled Unconstitutional

Posted: March 30, 2016 at 6:25 am   /   Politics

A federal judge has ruled that a law enacted by Puerto Rico’s government to charge Wal-Mart more than three times the rate it charges other companies is patently unconstitutional. Wal-Mart is the only company on the island with revenues anywhere close to the $2.75 billion level to which the law applies—While Governor Garcia Padilla suggested the […]

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Steve Forbes on How a Flat Tax Would Reduce DC Cronyism

Posted: February 29, 2016 at 12:43 pm   /   Politics

How do you get rid of cronyism in Washington? In part two of my interview with Steve Forbes, chairman of Forbes Media and a former Republican presidential candidate, he makes the case that complexity gives power to Washington and there is no better example than the IRS. Forbes says if you throw out the current tax code […]

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Patriot Missile: Is Donald Trump on a Mission to Save America?

Posted: February 24, 2016 at 3:03 pm   /   Elections, Features, Politics, Videos

The full version of this article was originally featured at The Marshall Report I’m going rogue for this piece. I want to talk about some things that will undoubtedly ruffle at least a few readers’ feathers and probably vex the ‘anyone but Trump’ crowd. To borrow from the hashtag-lingo calling card of the courageous and […]

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How To Stop US Companies From Leaving the US

Posted: February 23, 2016 at 7:28 am   /   Politics

In his budget released earlier this month, President Barack Obama took some time to boast about his economic record, saying that “we rescued our economy from the depths of the recession… And today, our economy is the strongest, most durable on Earth.” Unfortunately, he left out one slight caveat – America’s “recovery” under Obama, by […]

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Bernie Sanders’ Fracking Ban Is an Economic Disaster for Energy-Producing States

Posted: February 22, 2016 at 2:45 pm   /   Politics

Many energy-producing states are currently struggling in the wake of falling oil and natural gas prices. Thousands of people are losing their livelihoods in the energy sector, and lower severance tax payments are projected to produce numerous state budget shortfalls, which could end up reducing state spending on social programs. But as bad as the […]

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Heartland Daily Podcast – Terry Miller: America Drops on the Economic Freedom Index

Posted: February 17, 2016 at 12:53 pm   /   Politics

In this episode of the Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with The Heritage Foundation’s Center for Data Analysis director and former U.S. ambassador Terry Miller, about a recent survey of economic freedom indicators all over the world. Miller, The Heritage Foundation’s resident “data nerd,” explains how the […]

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Still, Almost Half of US Residents Pay No Federal Income Tax

Posted: February 17, 2016 at 12:11 pm   /   Politics

According to data published by the IRS and the U.S. Census Bureau, 44.2 percent of U.S. residents paid no federal income tax in 2013 (the most recent year for which data is available). No doubt many of the non-payers would willingly pay income tax in exchange for the chance to work in a more dynamic […]

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Honest School Information Crucial for School Choice

Posted: February 16, 2016 at 6:54 am   /   Politics

Supporters of education reform who advocate for government-funded choice mechanisms, such as vouchers, tend to argue the problems in K–12 schools in the United States are primarily economic matters, not pedagogical. This view is validated by much data, but the concept ought to be extended further to say the economic marketplace in which K–12 education […]

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