Obamacare: Higher Taxes, More Uninsured, Says CBO
On March 13, the Congressional Budget Office (CBO) updated its score of Obamacare, announcing that the program is $48 billion cheaper than in its previous 2011 score. The primary reason for this change...
View ArticleMedicare Trustees to America: A Bleak Future Without Real Reform
On September 8, 2011—well after the enactment of Obamacare—President Obama told Congress: “Millions of Americans rely on Medicare in their retirement. And millions more will do so in the future.… But...
View ArticleUnemployment Rate Drop Due to Workers Leaving Labor Force
The November employment report appeared to be good news. The unemployment rate fell to 7.7 percent, the lowest level since 2009, and the economy created 146,000 jobs. However, a closer reading of the...
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Saving Medicare: New Legislation from Retiring Congressman Herger
Congressman Wally Herger (R-CA). (Photo: James Berglie/Zuma Press/Newscom) Retiring House Ways and Mean Health Care Subcommittee chairman Wally Herger (R–CA) has introduced the most complete and...
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The “Buffett Rule” Returns
Newscom President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the soon-to-begin sequestration spending...
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Obamacare Continues to Restrict Hiring
Newscom The Federal Reserve Beige Book, released on March 6, cited Obamacare as a factor in slowing hiring and employment growth. The Beige Book is a report published eight times a year that details...
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Senate Budget Tax Plan: Slowing Opportunity for Americans to Grow Income
Chris Maddaloni/CQ Roll Call/Newscom Senator Patty Murray’s (D–WA) budget tax plan directly calls for $975 billion in new tax increases over the next decade. Indeed, the Senate budget is only a...
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Medicare Trustees Report Gives Seniors, Taxpayers a Bleak Future
Newscom The 2013 Medicare trustees report reconfirms a basic fact: Seniors and taxpayers face a bleak future. The trustees project that Medicare’s share of the economy will almost triple over the next...
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Obamacare Cost Rises by $30 Billion
Newscom The Congressional Budget Office (CBO) issued a new statement on the budgetary effect of repealing the Affordable Care Act (Obamacare) for fiscal years 2014 to 2023. The CBO did not model or...
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For the Record: Tax Increases Are Harmful, but Europe Has Pursued Them Anyway
Dr. Salim Furth at a Senate Budget Committee Hearing. Heritage economist Salim Furth gave testimony last week to the Senate Budget Committee, reminding the Senators that economic research shows that...
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Obamacare Continues to Cut Workers Hours
Newscom A Washington Post front-page story reported what many of us already know: The employer mandate in Obamacare is causing employers to cut workers’ hours as well as the number of workers they...
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Why Conservatives Don't Like the Ryan-Murray Budget Deal
Bill Clark/CQ Roll Call/Newscom Next week, the Senate will consider the Ryan-Murray budget deal — a spending plan that disappoints conservatives and believers in a limited government that manages its...
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Heritage’s Macroeconomic Estimate of Camp’s Tax Reform Proposal
The Heritage Foundation’s Center for Data Analysis recently completed a preliminary macroeconomic analysis of House Ways and Means Committee chairman Dave Camp’s (R–MI) Tax Reform Act of 2014. This...
View ArticleA Dynamic Leap Forward on Tax Policy
On May 21, Senator Rob Portman (R–OH) introduced an important piece of legislation, the Accurate Budgeting Act (S. 2371). It would require the Joint Committee on Taxation (JCT) to dynamically score all...
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