As Obamacare’s Medicaid expansion is being debated in the states, many myths are being perpetuated by its advocates. Here, Heritage provides the research to debunk such myths: 1. Myth: Expanding Medicaid is “free money” for the states. Reality: The expansion adds an estimated $638 billion in new government spending from 2013–2023. New spending at the […]
The U.S. Senate is debating the so-called Marketplace Fairness Act. It’s a bill that would result in the taxation of Internet sales, driving up costs for consumers. The legislation cleared a procedural hurdle Monday and could have a floor vote by Thursday. This is a classic case of where the interests of big business and […]
The Senate soon will take up ill-advised legislation (S. 743) misnamed the “Marketplace Fairness Act” to authorize every state to force out-of-state businesses to serve as the state’s sales tax collector, overruling the U.S. Supreme Court’s 1992 decision in Quill Corporation v. North Dakota. As Senator Kelly Ayotte (R-NH) said on March 21, 2013, with […]
(CNSNews.com) – A new Gallup poll finds almost 6 in ten Americans believe that money and wealth should be more evenly distributed among a larger percentage of Americans, while one third think the current distribution is “fair.” Slightly more than half of Americans (52 percent) want government to do the redistribution by taxing the wealthy. […]
Newscom April 18 marks the 108th day of 2013. It is also Tax Freedom Day, as calculated by the Tax Foundation. Tax Freedom Day is the day that we as a nation have finally earned enough income to pay the tab for all federal, state, and local taxes for the year. It is hard to […]
Just days before President Obama released his fiscal year (FY) 2014 budget request, the Air Force reported that it will have to ground one-third of its aircraft due to budget constraints. Operations and maintenance accounts will be hit particularly hard, causing the Air Force to severely restrict which of its assets will continue to operate. […]
Retired Home Depot co-founder Bernie Marcus declared to Newsmax TV in an exclusive interview that “Obamacare is going to kill off small business.” “If [employees] are thrown out of their medical plans now, where they’re covered in a good plan and thrown under the bus, they’re going to be destroyed,” Marcus said on Thursday. “If, […]
Newscom Most Americans believe “work is the best solution for poverty,” according to a recent Rasmussen Report. A full 80 percent of Americans agree with this statement (9 percent disagree and 11 percent are undecided). Using work to fight poverty was the driving force behind the welfare reforms of 1996. Temporary Assistance for Needy Families […]
On Wednesday, President Barack Obama released his long awaited and dreaded budget proposal. He claims that it will help lead to a deficit reduction of over $1 trillion over the next 10 years, which breaks down to only a reduction of $200 billion a year. He also claims that his proposal will help lead efforts […]
(CNSNews.com) – President Barack Obama’s proposed budget would simultaneously compel Americans to enroll in a tax-deferred retirement account and “prohibit” them from saving more than $3 million in such accounts. That sum, Obama’s budget argues, is all that is “needed to fund reasonable levels of retirement saving.” Under current law, American who save money in […]
