August 2010
Current News from Weld County
From the Heritage Foundation
The following is a publication of the Heritage Foundation which we thought worth sharing. Be sure to click on the links for their full analysis of each area.
"The House of Representatives was called back into session this week to pass another $26 billion bailout bill. Now that Congress has gone home for good this August, I wanted to share some resources for your use as you attend townhall meetings between now and mid-September when your elected representatives return to Washington.
Deficit/Spending The Tax Cuts Didn't Cause the Budget Deficit Both past and the future budget deficits are driven substantially more by rising spending than by tax cuts. Lawmakers should tighten their belts and rein in spending before demanding more taxes from the American people. Budget Chart Book: The Federal Budget in Pictures  Health Care( fixhealthcarepolicy.com) The Prospects for Ending Obamacare: Learning from Health Policy History The health care debate is not over. For millions of Americans living today, it will never be over. It has only begun. Utahs Defined Contribution Option: Patient Centered Health Care No CLASS: How Congress Saddled Taxpayers with Another Costly Entitlement Energy The Economic Impact of an Offshore Drilling Ban If a total ban on offshore drilling is implemented by 2011, then by 2035 Americans could expect national income (GDP) to drop by $5.5 trillion, total costs of imported oil to rise by $737 billion, total disposable income to decrease $54,000 per family of four, and job losses to exceed 1.5 million. A total ban on offshore drilling would pull the rug out from the economys incipient recovery.Need for Moratorium Mitigated by New Oil Spill Response Capacities Oil Spill Liability: A Plan for Reform Stopping the Slick, Saving the Environment: A Framework for Response, Recovery, and Resiliency Cap-and-Trade Bill Would Make Housing Less Affordable Critical Lessons from the Federal Response to the Gulf Oil Spill Taxes Total Tax Burden Is Rising to Highest Level in History Taxes are projected to increase rapidly under various policy scenarios. If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels. The tax burden will climb even if those tax breaks are extended. President Obamas budget, which cuts some taxes and raises others, also increases the overall tax burden.  Obamas 2011 Budget Tax Hikes Contradict Focus on Job Creation How the Death Tax Kills Small Businesses, Communitiesand Civil Society The Economic Case Against the Death TaxObamas Dividend Tax Proposal Means More Debt, More Instability Obama's Tax Plan: Bad for Economic Growth Immigration White House Must Stop Playing Politics with Immigration and Arizona Law Congress should reject efforts by the White House to demonize the people of Arizona in a crass effort to further the Presidents political agenda. Congress should also insist on incremental, commonsense policies that will address the pressing need for immigration and border security reforms instead of the amnesty-first approach-which both the American people and Congress roundly rejected the last time it was proposed in 2007.Border Security: The Heritage Foundation Recommendations The following papers offer a comprehensive review of The Heritage Foundations most recent work on the border security component of immigration reform. Foreign Policy New START: Beyond the Rhetoric The treaty imposes significant limitations on U.S. ballistic missile defenses, and new limitations continue to be unmasked as the treaty is scrutinized. Considering the rising threat from Irans nuclear and missile programs, not to mention North Koreas existing threat, limiting Americas ability to defend itself should be a non-starter. |
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