In a bit of scheduling serendipity, Tax Freedom Day—the day when Americans finally earn enough income to pay off the bill for all federal, state, and local taxes for the year—falls on April 17 this year. That also happens to be Tax Filing Day 2012. Absent tax changes made by Congress, Tax Freedom Day moves […]
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 risen dramatically and will continue to climb into the future without action from Congress. This week’s chart outlines the growth of taxes over the past 45 years. Large tax increases […]
By Stephanie Condon Six years after Mitt Romney signed into law a signature health care reform package in Massachusetts, it’s his chief political rival, Barack Obama, who’s celebrating. President Obama’s re-election team on Thursday released a three-minute web video marking the sixth anniversary of the law that’s now known as “Romneycare,” reminding voters that the […]
Buried deep in the President’s hyperbolic assault on the House-passed budget last week—with all that “radical vision” and “social Darwinism” rhetoric—was one kernel of truth: “This isn’t a budget supported by some small rump group in the Republican Party,” the President said. “This is now the party’s governing platform. This is what they’re running on.” […]
It’s hard to deny the benefits of working for Uncle Sam — outstanding benefits, good pay, and great job security. Though some government workers might throw up their arms in protest when confronted with the facts, a new poll shows that nearly half of government workers now say private sector employees work harder than them. […]
A study released today by Charles Blahous, one of two public trustees of Medicare and Social Security, once again shows that Obamacare increases federal deficits and significantly worsens the nation’s fiscal outlook. According to the study’s most optimistic scenario, the health law will increase federal spending by $1.16 trillion and increase the deficit by $346 […]
President Obama has touted reports from the Congressional Budget Office claiming his health care law would actually decrease the deficit. But due to a bundle of budget gimmicks and other legislation, calculations show that Obamacare actually adds $698 billion to the deficit. This week’s chart outlines each of those budget gimmicks. “This morning a new […]
Charles Murray likes making the upper middle-class a bit uncomfortable. That was exactly the goal of his latest book, “Coming Apart: The State of White America, 1960-2010.” Included in it is a popular quiz, “How Thick Is Your Bubble?” The 25 questions offer a test for how well you related to middle-class Americans. Murray, a […]
(Reuters) – Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more […]
Who is responsible for the current economic malaise? If you ask Bill Whittle, it’s Obama’s pals like David Axelrod, Harry Reid and Tim Geithner, some of the many Merchants of Despair. These merchants are costing taxpayers trillions and creating deep national divides based on class and race. [youtube Y-FGgoReyNE nolink] See more at pjtv.com
