New Tax Credit for Homebuyers Unnecessary
Senator Johnny Isakson (R-GA) reintroduced his plan today to create a $15,000 tax credit for homebuyers purchasing primary residences. The goal of the plan is to jumpstart the depressed real estate...
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Indiana Scores School Choice Victory
Yesterday, state lawmakers in Indiana passed a scholarship tax credit program—making the Hoosier state the latest to offer private school choice. Under the plan, people or corporations who make...
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Tax-Credit-for-Hire: Another Failed Stimulus Policy in the Pipeline
As President Obama continues campaigning for yet another round of stimulus it appears now that even democrats are beginning to question the soundness of this strategy. This new focus includes a...
View ArticleWhat If Oil Producers Actually Received Subsidies Like Wind Energy Producers?
With the current debate over ending oil producers’ subsidies the question arises as to what subsidies do the producers actually get. It is a surprisingly complicated question. Wind producers also get...
View ArticleObama’s $10,000 Subsidies for Electric Cars Aren’t So Popular
President Barack Obama wants to see one million electric cars on the road by 2015, and he wants to spend more taxpayer dollars to make it happen. But if electric vehicles were economically competitive,...
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Morning Bell: How Taxmageddon Will Impact You
“I’ve said that this is a make-or-break moment for the middle class, and I believe it,” President Obama told an Ohio crowd yesterday. Indeed it is—because in a sluggish economy, American taxpayers are...
View ArticleWind PTC Already Phasing Out—for Certain
The production tax credit (PTC) for wind energy is set to expire at the end of this year, but its supporters are arguing for an everlasting extension using twisted logic. For a while, the argument was...
View ArticleObama Promises to Increase Taxes on Small Business, Then Give Them a Tax Credit
In the midst of President Obama’s push to hike taxes on the most successful job-creating Americans, the President proposed a new “stimulus” of $25 billion to offer tax breaks to businesses for hiring...
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12 Days of Obamacare Surprises: Small Business Tax Credit
Photo: Mike Kemp/Tetra Images/Newscom Not all surprises are good. When it comes to Obamacare, the original projections are turning into unfortunately different realities. For the next 11 days, Heritage...
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A Simple and Wrong Answer to Poverty: Increasing the Minimum Wage
Photo credit: Newscom During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not work. Labor economists...
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$1.2 Billion in Cash Goes to Energy Projects, Despite Sequestration
Rainer Jensen/dpa/picture-alliance/Newscom Despite a fiscal cliff and sequestration worries, more than $1.2 billion in cash payments for energy projects (in lieu of tax credits) have been issued by the...
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Obamacare Cost Rises by $30 Billion
Newscom The Congressional Budget Office (CBO) issued a new statement on the budgetary effect of repealing the Affordable Care Act (Obamacare) for fiscal years 2014 to 2023. The CBO did not model or...
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How to Help Uninsured Americans
Two of the problems Obamacare promised to solve were getting coverage for people with pre-existing conditions and helping the uninsured get coverage. Last week, we talked about how Heritage’s...
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Tony Stark, Come Home: Hollywood Seeks Tax Breaks to Lure More Movies
Kevin Winter/Getty Images Hollywood’s new role may be as the world capital for film entertainment in name only, unless California can compete with other states in tax incentives, industry watchers say....
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Practical Solutions That Could Help Restore the American Dream
“As governors, as state leaders, we’re more optimistic than our friends in Washington. We’re not just against something. We’re laying out a plan, laying out a vision. You don’t just sit back and nick...
View ArticleResponse to Club for Growth’s Chocola: Let’s Not Raise Taxes with the Extenders
In today’s Wall Street Journal, the estimable Chris Chocola, former congressman from Indiana and current president of the Club for Growth, writes that Congress should allow all of the so-called tax...
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