Chart of the Year: Entitlements and Interest Drive the Fiscal Crisis
The end of 2012 was marked by lawmakers engaging in a distracting fiscal cliff debate over tax rates when the solution to the real fiscal… Read More
Powerball Jackpot Taxes: How Much Government Would They Pay For?
The two lucky winners of the Powerball jackpot are a part of Powerball history. Of course, the winnings are subject to federal taxes, making the… Read More
What Are Economists Really Saying About Tax Rate Increases?
On Friday, Representative Pete Sessions (R–TX) and House Speaker John Boehner (R–OH) ran afoul of Glenn Kessler’s “Fact Checker” blog regarding a study of President… Read More
What’s Scary: Federal Spending Per Household
On this Halloween, ghastly, ghoulish garb and haunted houses aren’t the only sources of spookiness in Washington. Americans across the country have cause for alarm,… Read More
Carbon Tax: Won’t Reduce Deficit or Temperature
The Congressional Research Service (CRS) released a report that should be a cause for concern to all who believe in limited government. In it, CRS… Read More
Chart of the Week: Tax Revenues Devoured by Entitlements
The looming unsustainability of the big three entitlement spending programs—Medicare, Medicaid, and Social Security—is not inevitable, but in order to avoid the catastrophic effects of… Read More
Chart of the Week: The Tax Burden on American Households
Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has… Read More
Chart of the Week: Runaway Spending, Not Low Tax Revenue, Fueling Deficits
Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive… Read More
Chart of the Week: How Social Security Is Contributing to the Spending Crisis
Last week’s presidential debate at the Reagan Library elevated Social Security as a national issue that could reshape the 2012 campaign. Candidates spent the week… Read More
CBO Figures Once Again Prove Tax Hikes Unnecessary to Fix Budget
The Congressional Budget Office (CBO) just released its long-term outlook for the federal budget. As expected, we are going broke slightly faster than we were… Read More
