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  • Middle Class Tax Relief and Job Creation Act of 2011
    December 9, 2011 - Budget Impact H.R. 3630 extends the payroll tax holiday, reforms and extends unemployment insurance benefits, and provides for a two-year extension of the Medicare “doc fix.” The bill is fully offset over a ten-year period based on Congressional Budget Office estimates. The table below shows the bud... More
  • A Deeper Look at Income Inequality
    November 17, 2011 - KEY POINTS: The question for policymakers is not how best to redistribute a shrinking economic pie. The focus ought to be on increasing living standards, expanding the pie of economic opportunity, and promoting upward mobility for all. Conventional wisdom on government’s role in inequality often has... More
  • FACT SHEET: The Optimist’s Guide to Repeal and Replace
    September 27, 2011 - The Problem: According to the CBO, spending on Medicare and Medicaid is pulling America towards a debt-fueled economic collapse and, unless reformed, the programs will implode, thus depriving the neediest in our society of a crucial safety net. Moreover, the President’s healthcare law has made thin... More
  • The Empty Promise of Green Jobs
    September 22, 2011 - In the fall of 2008, then-candidate Barack Obama made a campaign promise to jumpstart the economy with an influx of green jobs. “We’ll invest $150 billion over the next decade and harness private efforts to build a clean-energy economy,” he said. This expenditure of taxpayer dollars, averaging $15 b... More
  • Credibility Deficit Widens with President’s Third “Budget” in Seven Months
    September 21, 2011 - In the span of seven months, President Obama has offered three different budget plans for the federal government. He offered an actual budget in February, a budget “framework” in April, and yet another tax-and-spend plan this past week (more spending in the “American Jobs Act”; more taxes in a new p... More
  • In Speech on U.S. Credit Downgrade, President Proposes to Add $250 Billion to the Deficit
    August 9, 2011 - Yesterday, the President gave another speech on the budget. His remarks addressed the recent downgrade by Standard and Poor’s (S&P) of the U.S. Government’s credit rating, and he called for additional reductions in deficits and debt. Towards the end of that speech, the President mentioned three ini... More
  • A Trillion-Dollar Gimmick
    July 25, 2011 - “Why, one wonders, not ‘save’ $5 trillion by proposing to spend that amount to cover the moon with yogurt and then cancelling the proposal?” -George Will, Washington Post, March 12, 2009 Claim 1: “Winding down the wars in Iraq and Afghanistan will save $1 trillion.” Reality: The Reid plan relies on... More
  • The Gang of Six Budget Effort
    July 19, 2011 - Earlier today, a group of U.S. Senators (“Gang of Six”) released “A Bipartisan Plan to Reduce Our Nation’s Deficits.” The plan is not a budget. It is a set of talking points and graphs that outlines an ambitious proposal that has serious flaws but also the potential for worthwhile budget and tax ref... More
  • A Brief History of President Obama’s Fiscal Record
    July 15, 2011 - Despite newfound concern with the debt overhang stifling economic growth, President Obama’s record falls far short of his rhetoric. Let’s review the decisions made by President Obama and Congressional Democrats over the past couple of years, and the disappointing results of their policy choices: Jan... More
  • Actions Speak Louder Than Words
    July 15, 2011 - While President Obama has recently professed a newfound – and vague – desire to cut government spending, it’s useful to recall what the President has actually done since taking office in 2009. The President signed into law a massive spending spree that plunged us deeper into debt, and failed to deli... More

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