Even so, you do not have to be smart with numbers to know that the real state of the U.S. economy is pathetic these days. You can thank Barack Obama for that because, dear reader, he is utterly clueless regarding America’s economy; how it works, and what it needs to work.
Coming thirteen days after state and federal income tax returns were initially due, Tax Freedom Day, according to the Illinois Policy Institute’s Senior Budget and Tax Policy Analyst Benjamin VanMetre, marks the point in the year when Illinoisans have worked long and hard enough in the aggregate to cover their share of state, federal and local taxes “and can start keeping their hard-earned money.” About a third of Illinois residents’ efforts this year – 118 days’ worth out of the calendar year’s 365, in other words – went just to paying taxes.
In a hard fought election campaign, voters in the city of Tigard appear to have narrowly enacted another barrier to light rail expansion in suburban Portland. The Washington County Elections Division reported that with 100 percent of precincts counted, Charter Amendment 34-210 had obtained 51 percent of the vote, compared to 49 percent opposed.
As a longtime book reviewer, I have read a growing stack of books warning about a financial collapse, but Holland’s book is not only based in the actual debt, but is written in a manner that even a person who has no knowledge of this issue can understand.
Chicago Mayor Rahm Emanuel is proposing to increase the city’s cigarette tax by $.75 a pack, which would raise the combined local and state tax rate to $7.42 a pack- the highest in the nation. The video above, by Fox 32, features the Heartland Institute’s John Nothdurft and his brief, yet powerful, opinion on the proposed tax increase.
President Barack Obama released his 2014 budget proposal, which would spend $3.8 trillion. The budget contains a tax hike of some $800 billion, including a requirement that “millionaires” pay at[…]
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You’re a reader of this blog, so you are a part of the conversation at The Heartland Institute, one of America’s most influential free-market think tanks. The posts here reflect[…]
Get ready for the Ryan/Biden showdown Thursday night by reviewing this new Policy Brief by Peter Ferrara, senior fellow for entitlement and budget policy at The Heartland Institute. By selecting[…]
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In a recent editorial in The Wall Street Journal, a group of prominent economic experts took the government to task for many of its current poor fiscal and monetary decisions[…]