Obama’s War on Job Creators

Today, President Barack Obama is expected to announce his latest plan for reducing the deficit, and central to it are $1.5 trillion in new taxes, aimed predominantly at wealthy Americans. Unfortunately for the 14 million unemployed Americans, the President is continuing down his steady path of ushering in big spending policies, then turning to even […]

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Chart of the Week: Total Tax Burden Is Rising to Highest Level in History

President Obama unveiled the details of his jobs plan last week, including a proposal to offset the new government spending with tax hikes. It’s a bizarre strategy for a president who says he wants to create jobs. As the above chart from Heritage’s 2011 Budget Chart Book illustrates, Americans are already grappling with the prospect […]

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Obama’s Risky Iraq Drawdown Plans Prompt Open Letter from Foreign Policy Experts

A flurry of newspaper articles reporting that the Obama Administration may decide to disregard the advice of its military commanders and reduce the U.S. military presence in Iraq to less than 4,000 troops by the end of the year prompted 42 distinguished American foreign policy experts to write an open letter to President Obama on […]

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Taking Sides in the Taiwan Strait

In an article entitled “China and US on Edge over Vote in Taiwan,” today’s Financial Times (FT) quotes a “senior US official” as saying Taiwan DPP presidential candidate Tsai Ing-wen “left us with distinct doubts about whether she is both willing and able to continue the stability in cross-Strait relations the region has enjoyed in […]

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Solar Bankruptcies Mean It’s Time to End Energy Subsidies, Not Increase Them

Last week, Solyndra became the third solar company in recent weeks to go belly-up, but the Fremont-based solar manufacturer made the most noise—because it lost more than a half a billion dollars in taxpayer money. Solyndra received one of the first stimulus loan guarantees, a $535 million loan. During a visit to the plant last […]

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Congressional Investigator: More Solar Bankruptcies to Come

A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee program will go bankrupt before all allotted funds are spent. The program, which guaranteed a $535 million loan to Solyndra before the company declared bankruptcy last week, still has $8-10 billion in authorized […]

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Another Loss for Obamacare

This afternoon, the District Court for the Middle District of Pennsylvania became the latest court to strike down the Patient Protection and Affordable Care Act’s (Obamacare) individual mandate, holding that “[t]he power to regulate interstate commerce does not subsume the power to dictate a lifetime financial commitment to health insurance coverage.” The challenge was brought […]

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