by Jane Richey | Jan 7, 2013 | Fiscal Responsibility, Politics
Pushing back against the Republicans’ deficit-reduction strategy, House Minority Leader Nancy Pelosi (D-Calif.) said this weekend that more tax revenues – not just spending cuts – must be a part of Congress’s effort to rein in deficits. Pelosi said the tax...
by Jane Richey | Dec 27, 2012 | Fiscal Responsibility, Politics
From the Heritage Foundation: Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike,...
by Jane Richey | Dec 18, 2012 | Fiscal Responsibility, Politics
House Speaker John Boehner (R-OH) and Republican leaders have done it once again. Their latest fiscal cliff proposal capitulates on core conservative principles, yielding woefully inadequate concessions from President Obama in the process. Will they ever learn? The...
by Jane Richey | Jul 26, 2012 | Fiscal Responsibility, Free Markets, Politics
Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all...
by Jane Richey | May 11, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
The largest tax hike in history is due to strike the United States on January 1, 2013. Known as “Taxmageddon,” it would impose $494 billion in higher taxes on the American people in the first year. So terrible would be its impact that yesterday Fed Chairman Ben...