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Chart of the Week: Your Share of the National Debt Is Growing Rapidly
The newly formed Joint Select Committee on Deficit Reduction holds its first meeting this week. The 12-member panel will gather at 10:30 a.m. Thursday for an organizational session, then meet again on...
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Think Tax Day Is Expensive This Year? Just wait.
As federal income taxes come due this Thursday, Americans are well aware of just how expensive government is becoming. But as the Wall Street Journal warned today, we ain’t seen nothing yet. Obama’s...
View ArticleThe Federal Budget in Pictures
Earlier this month, we announced the release of the 2010 Heritage Budget Chart Book. This recurring feature allows visitors to dig down deep into the data of government revenue and expenditures in a...
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Morning Bell: Pictures of a Budgetary Disaster
Another budget battle looms on the horizon as Congress returns from recess next week to continue work on the nation’s finances and debates whether to raise the debt limit, now at $14.3 trillion. In...
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PODCAST: Heritage 2011 Budget Chart Book
In a new Heritage in Focus, Heritage research assistant Emily Goff discusses our 2011 Budget Chart Book which shows in vivid detail the severity of America’s spending crisis. Listen to the full...
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Chart of the Week: National Debt Set to Skyrocket
The Senate canceled next week’s recess to address the country’s debt crisis. It’s an issue in the headlines every day as lawmakers and the White House debate a debt-reduction plan. Why does it matter?...
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Battle of the Charts: Spending Is the Problem, No Doubt About It
While Americans across the country were celebrating independence on Monday, Talking Points Memo (TPM) was churning out its “Chart of the Day” to support the false claim that the nation doesn’t have a...
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Chart of the Week: U.S. Corporate Tax Rate Is Uncompetitive
The U.S. is a worldwide business leader. However, high corporate taxes increase the difficulty for businesses to compete internationally in this age of globalization. Private investment in the U.S....
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Chart of the Week: Federal Spending on Defense vs. Entitlements
Providing for the defense of the United States is Congress’ constitutional obligation. Lawmakers should recognize defense is a necessity, if not the federal government’s most important responsibility....
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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...
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Chart of the Week: U.S. Rivals Japan for World’s Highest Corporate Tax Rate
Republicans and Democrats on the Joint Select Committee on Deficit Reduction this week finally agreed on something substantive: The U.S. corporate tax rate is too high. It’s a point we’ve been making...
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Chart of the Week: Cutting All Defense Spending Would Not Solve Debt Crisis
House Armed Services Chairman Buck McKeon (R-CA) is a man on a mission. He’s making the rounds on Capitol Hill to convince his colleagues, particularly those on the 12-member Joint Select Committee on...
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Chart of the Week: Taxing the Wealthy to Cover Future Deficits Won’t Work
Democrats on the Joint Select Committee on Deficit Reduction last week floated a proposal that includes massive tax increases on wealthy Americans. While their plan would also include some cuts to...
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Chart of the Week: U.S. Debt on Track to Fuel Economic Crisis Like Greece
Greece continues to dominate the headlines as the country faces an increasingly dire economic situation and now political uncertainty as well. Prime Minister George Papandreou plans to resign once an...
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Chart of the Week: Runaway Spending, Not Low Tax Revenue, Fueling Deficits
Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive tax hike. In a speech at Heritage...
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Chart of the Week: Where Does the Federal Government Get Its Revenue?
President Obama and Republicans in Congress continue to wage war over an extension of the payroll tax cut. But missing from the debate is any discussion of comprehensive tax reform that would...
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Chart of the Week: U.S. Presidents Ranked by Budget Deficits
Over the past 50 years, 10 U.S. presidents have made annual budget requests to Congress, projecting deficits both big and small. But no other president compares to Barack Obama when it comes to the...
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Mr. President: “We Can’t Wait” for the FY 2013 Budget
President Obama will release his annual budget proposal late yet again. Choosing the date is not merely a convention. By law, the President must release the budget by the first Monday in February,...
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