(CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS’s assumption that […]
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer […]
Bill Clark/CQ Roll Call/Newscom Representative Mike Pompeo (R–KS) hopes his new bill calling for the repeal of all energy tax credits on both conventional and renewable energy sources will level the playing field for energy producers and consumers and prevent the government from picking “winners and losers.” The Energy Freedom and Economic Prosperity Act (EFEPA) […]
Research Associate Sarah Torre joins Heritage in Focus to discuss the 40th year of legal abortion in the United States under one of the most hotly contested Supreme Court cases in U.S. history – Roe v. Wade. She looks at how both sides of the aisle have evolved over the past four decades, and how […]
“The battle to feed all of humanity is over. In the 1970s hundreds of millions of people will starve to death.” That was Paul Ehrlich’s prediction in 1968. He was wrong then, and he’s still wrong now, as he touts his new paper warning that a cocktail of population growth, global warming, and starvation will […]
What would the potential impact on the economy be if Fannie Mae and Freddie Mac—the housing finance government-sponsored enterprises (GSEs)—were eliminated? Our research indicates that winding down Fannie Mae and Freddie Mac from the mortgage market would have a minimal and predictable effect on the economy. Since 2008, Fannie Mae and Freddie Mac reside under […]
Working Americans receiving their first full paycheck of the year may have had a rude awakening today. Despite all the President’s promises not to raise taxes on the middle class, he did exactly that. By allowing the payroll tax holiday to expire at the end of 2012, President Obama and Congress allowed the portion of […]
Even as the President and Congress have again failed to deal with the genuine fiscal threats facing the nation, the Department of Transportation (DOT) is considering gambling $5.5 billion in taxpayer funds on a high-speed train to Las Vegas. The loan could be approved under the Federal Railroad Administration’s Railroad Rehabilitation and Improvement Financing (RRIF) […]
The Department of Health and Human Services (HHS) just released its latest batch of Head Start data, revealing, once again, that its students are receiving far less than a “head start.” The study, which was finally released the weekend before Christmas after more than a year’s delay, examines the third-grade outcomes of two groups of […]
Planned Parenthood reported receiving record taxpayer funding last year, while also performing a record number of abortions, according to the organization’s new annual report released this week. The nation’s largest abortion provider maintained its infamous title, performing 333,964 abortions—a record for the organization that received 45 percent of its revenues from taxpayer-funded government sources during […]
