Chart of the Week: Slow Job Growth Means a Slow Economic Recovery
President Obama will deliver his third State of the Union address on Tuesday night. According to a preview video released this weekend, the speech will outline Obama’s vision for improving the economy...
View ArticleChart of the Week: Top 1 Percent Paid 38 Percent of Federal Income Taxes
President Obama used his State of the Union address Tuesday to outline his idea of fairness. To put it simply, that means redistributing wealth by raising taxes on the most successful Americans. “If...
View ArticleChart of the Week: Obama’s Abuse of FEMA Declarations
President Obama has used his executive power in many ways to expand the role of government. But there’s one area that stands out: Obama’s frequent and repeated use of the Federal Emergency Management...
View ArticleChart of the Week: 1 in 5 Americans Are Dependent on Government
The number of Americans dependent on the federal government has exploded over the past five years, reaching a record 67.3 million people, according to Heritage’s annual Index of Dependence on...
View ArticleChart of the Week: Nearly Half of All Americans Don’t Pay Income Taxes
This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other...
View ArticleChart of the Week: Obama Makes Defense the Lowest Budget Priority
President Obama’s budget proposes a sharp increase in entitlement spending and more outlays for domestic programs and interest on the national debt. Defense spending, meanwhile, takes a backseat to...
View ArticleChart of the Week: Obama Tops Bush With More, Costlier Major Regulations
President Obama famously declared in this year’s State of the Union: “I’ve approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his.” Heritage’s...
View ArticleChart of the Week: Obamacare’s 17 New Taxes
Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a whopping cost of $502 billion over its first 10 years. This week’s chart illustrates...
View ArticleChart of the Week: Estimated Loss of Health Coverage Under Obamacare
President Obama has reassured Americans that if they like their current health insurance, they can keep it. “If you’ve got health insurance through your employer, you can keep your health insurance,...
View ArticleChart of the Week: Obamacare’s Bundle of Budget Gimmicks
President Obama has touted reports from the Congressional Budget Office claiming his health care law would actually decrease the deficit. But due to a bundle of budget gimmicks and other legislation,...
View ArticleChart of the Week: The Tax Burden on American Households
Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has risen dramatically and will continue to climb into...
View ArticleChart of the Week: Crony Capitalism Leads to Higher Sugar Prices
Sugar producers contribute only a small percentage of value to overall U.S. crop production, yet the industry continues to reap the rewards from government thanks to a significant lobbying presence...
View ArticleChart of the Week: Entitlement Spending Will Nearly Double by 2050
President Obama has called Rep. Paul Ryan’s budget “an attempt to impose a radical vision on our country,” but as this week’s chart illustrates, if something radical doesn’t happen, entitlement...
View ArticleChart of the Week: Taxes Soaring Past Highest Level Ever
Americans are facing an unprecedented $494 billion tax hike on Jan. 1, 2013. It’s been dubbed “Taxmageddon” given the economic devastation it would cause. Conventional wisdom suggests lawmakers in...
View ArticleChart of the Week: Household Income Soars In Energy-Producing States
North Dakota’s energy boom helped the state surpass California and Alaska to become the No. 2 oil-producing state in America. But oil isn’t the only thing that’s booming. Household income rose faster...
View ArticleChart of the Week: Obamacare’s Barrage of Tax Hikes Coming in 2013
The first presidential debate takes place in Denver on Wednesday with a focus on domestic issues, including President Obama’s unpopular health-care law. Obamacare imposes numerous tax increases on...
View ArticleChart of the Week: Poor, Middle Class Hit by Obamacare Mandate Tax
With campaign season in full tilt, Americans are being inundated with rhetoric regarding the various tax proposals touted by President Obama and Governor Romney. Given that these discussions usually...
View ArticleChart of the Week: Major Benefits of Free Trade
Nations that embrace international trade enjoy significantly stronger economies, achieve lower rates of hunger, and maintain a better stewardship of the environment, according to new data published by...
View ArticleChart of the Week: Slowest Economic Recovery Since the 1960s
Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the...
View ArticleBy the Numbers: Medicare Costs for Seniors to Rise Under President’s Plan
Under current law, as amended by Obamacare, seniors enrolled in traditional Medicare can expect to face higher Part B and Part D premiums. Moreover, President Obama has planned in his 2013 budget...
View ArticleChart of the Week: Cut Spending to Avoid the Fiscal Cliff
The Heritage Foundation has updated its Saving the American Dream plan as the nation moves inexorably towards the fiscal cliff set to hit at the beginning of 2013. From Amy Payne’s Morning Bell: To...
View ArticleChart of the Week: Government Spending Drives Debt Limit Higher
Even though Congress and President Obama reached a fiscal cliff deal, the fallout will continue to be felt by individuals, investors, married couples, and small businesses earning $400,000 and above...
View ArticleChart of the Week: Each American’s Share of Debt Is Skyrocketing
As the nation pushes into another debt ceiling debate, an AP-GfK poll released last week found that 39 percent of Americans think any debt ceiling increase should come with a serious plan to reduce...
View ArticleChart of the Week: Union Membership Continues to Decline
Union membership fell by 400,000 to the lowest level since the 1930s, the Bureau of Labor Statistics announced this past week. As a percentage of the work force, union workers fell from 11.8 percent...
View ArticleChart of the Week: High Public Debt Damages Economic Growth
When President Obama says he wants “a smarter government that sets priorities and invests in broad-based growth,” he means more government spending. This is why his State of the Union provided a...
View ArticleChart of the Week: Sequestration Cuts 2.4 Percent out of Total Spending
Federal spending will explode from $3.6 trillion to $6 trillion over the next 10 years, but the much-maligned sequester will cut only 2.4 percent of this spending. Sequestration represents a...
View ArticleChart of the Week: The Impact of an Aging America
Sequestration has taken effect, and yet government spending continues growing. Sequestration’s 2.4 percent reductions are not enough to fix Washington’s spending and debt problem because they do...
View ArticleChart of the Week: The States That Have Expanded Medicaid
Expanding Medicaid will be costly for most states. The authors of The Patient Protection and Affordable Care Act of 2010 (Obamacare) threatened to strip all federal funding for states’ Medicaid...
View ArticleChart of the Week: This Farm Bill 56 Percent More Costly Than Last
The House is expected to take up its farm bill this week. As it does, legislators should bear in mind the excessive costs of the bill. The Congressional Budget Office (CBO) projected the last farm...
View ArticleChart of the Week: Marriage Guards Children Against Poverty
As a Senator, Barack Obama was right—there are serious disadvantages to being raised without a father. “We know the statistics—that children who grow up without a father are five times more likely to...
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