The House and Senate may soon begin debate on what to do with the federal estate tax. If Congress fails to act before January 1, 2010, current law calls for death taxes to disappear entirely for one year before returning in 2011 at a top rate of 55 ...
On June 26, the House of Representatives narrowly passed climate change legislation designed by Henry Waxman (D-CA) and Edward Markey (D-MA). The 1,427-page bill would restrict greenhouse gas emissions from industry, mainly carbon dioxide from the ...
On June 26, a 1,427-page climate change bill introduced by Representatives Henry Waxman (D–CA) and Edward Markey (D–MA) passed the House by a narrow margin. The bill, also known as Waxman–Markey, includes a number of alarming provisions, chief among ...
Recently, Dr. Laurie T. Johnson of the Natural Resources Defense Council (NRDC) critiqued[1] The Heritage Foundation's analysis[2] of the Waxman- Markey bill (H.R. 2454, American Clean Energy and Security Act of 2009). The egregious errors that she ...
Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) modified their global warming proposal from the draft version published on March 31. For the most part, the changes focused on the distribution of the allowance revenue--the equivalent of tax ...
Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) proposed yet another global warming bill following the tradition of McCain-Lieberman, Lieberman-Warner, Dingell-Boucher, and others. Though the proposed legislation would have little impact on ...
The new buzz-word in Washington is "pivot," used to describe a fundamental change in public policy. Team Obama has done a lot of pivoting -- on issues both foreign and domestic. Nowhere has it pivoted more, though, than on the economic front. Clearly, ...
In order to jump start the economy, Senator Jim DeMint's (R-SC) economic stimulus plan--known as the "the American Option Act"--proposes to aggressively and immediately lower taxes on businesses and individuals. By cutting taxes, DeMint's plan supports ...
The 111th Congress begins its work with a war against an enemy that is as intractable as it is illusive and with an economic crisis that borders on historic in its severity and complexity. It is clear that the 111th must rise to levels of policymaking ...
In June 2008, The Heritage Foundation invited energy scholars and policy experts to participate in a computer simulation and gaming exercise assessing the economic effects of a global petroleum energy crisis. The exercise was similar to the previous ...
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