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Chart 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...
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Chart 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...
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Chart 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...
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Chart 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,...
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Chart 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,...
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Chart 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...
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Chart 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...
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Chart 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...
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Chart 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...
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Chart 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...
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Chart 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...
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By 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...
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Chart 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...
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Chart 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...
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Chart 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...
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