Why Some States Are Doing Better Economically

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In Heritage Work

Stephen Moore

Stephen Moore. Photo: Willis Bretz

Low-tax states are outperforming their high-tax counterparts in business growth, job growth, income growth, and population growth.

That’s according to a panel of experts including Heritage Foundation Chief Economist Stephen Moore, economist Arthur Laffer, investor Rex Sinquefield, and tax advocate Travis Brown. They held an important discussion today at Heritage detailing the results of their new book, An Inquiry into the Nature and Causes of the Wealth of States.

Their quantitative research shows the fluidity of wealth and how it’s moving from states with the highest tax burdens to the states with lower tax burdens. Continue Reading »

Heritage Report Exposes NATO Allies Who Continue to Aid Russia’s Military

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In Heritage Work

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Two major NATO partners, France and Spain, continue to maintain strong commercial ties with Russia despite broad international sanctions in response to the country’s aggression. Even more alarming, according to a new report by Heritage Foundation experts Luke Coffey and Daniel Kochis, is that they are still doing business with Russia’s military.

Spain continues to grant the Russian navy access to the ports of Ceuta and Melilla for refueling and reloading. Meanwhile, France is proceeding with a $1.6 billion sale of two new Mistral-class amphibious assault ships to the Russian navy. Continue Reading »

Does the Ex-Im Bank Actually Help ‘Small Business’?

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In Heritage Work

The Ex-Im Bank's "Small Business" Ruse

A new graphic from The Heritage Foundation shows how much the loans made by the Export-Import Bank are helping small businesses–and how much more these loans are helping foreign governments and big corporations.

The Ex-Im Bank is up for renewal in September, and Congress should let it expire.

Rep. Jeb Hensarling (R-TX) made the case for letting it expire during a talk last week at Heritage. Watch the video of his speech here.

This 94-Year-Old Protectionist Law Limits Trade Within the United States

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In Heritage Work

A protectionist law is actually hindering trade within the United States, according to a new report by Heritage Foundation experts Brian Slattery, Bryan Riley and Nicolas Loris.

The Merchant Marine Act of 1920, more commonly referred to as the Jones Act, requires that any goods shipped by water between two points in the U.S. must be transported aboard a U.S.-built and U.S.-flagged ship with a crew composed at least 75% by Americans: Continue Reading »

Free Enterprise Is Shrinking the Gender Pay Gap

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In Heritage Work

Heritage Foundation experts Rachel Grezler and James Sherk highlight the success of free enterprise in shrinking the gender pay gap. Their new report shows how differences in pay reflect not systematic bias, as liberals claim, but different choices made by individual men and women: Continue Reading »

The Best Way Out of Poverty Is Education, Not Hiking the Minimum Wage

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In Heritage Work

An increase in the minimum wage is not an effective way to lift Americans out of poverty. The real answer is still to equip them with the necessary skills to earn a higher wage, especially a high school diploma.

Heritage Foundation expert Mary Clare Reim reports on ways to help both youth and schools succeed in this mission: Continue Reading »

How Uncle Sam Is Limiting Domestic Energy Production

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In Heritage Work

American oil production has skyrocketed over the past seven years, but production could be even higher, according to a new report by Heritage Foundation expert Nicolas Loris. Production has actually fallen on federal lands, where red tape limits exploration and drilling.

Loris recommends streamlining environmental reviews and allowing states to make more decisions about energy development.

Do you think more land should be opened to oil exploration?

The Facts About the EPA’s Questionable Climate Regulations

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In Heritage Work

After the cap-and-trade energy scheme failed in Congress, President Obama said he’d push for other ways to control Americans’ energy use. “Cap and trade was just one way of skinning the cat,” he said at a press conference. “It was not the only way.”

So the EPA designated carbon dioxide, a naturally occurring compound and necessary component to life on Earth, as a pollutant.

Predictably, it has proven more difficult for the EPA to determine how to regulate CO2 than for it to determine whether it should be regulated. A new report by Heritage’s Center for Data Analysis, for example, finds that the models the EPA used as the basis for its regulation “are fundamentally unsound as a basis for justifying significant regulations of the American economy.”

Do you think the EPA should go back to the drawing board?

Two Costly Mistakes Buried in the Farm Bill

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It shouldn’t come as too much of a surprise that two poorly crafted parts of the new farm bill are expected to cost taxpayers billions of dollars. Heritage Foundation experts Daren Bakst and Rachel Sheffield explain: Continue Reading »

The Fantasy and Reality of the President’s Budget

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In Heritage Work

Obama greatly understated deficits in his budget

When it comes to managing the deficit, President Obama’s 2015 budget relies heavily on hope. That’s the takeaway from a new analysis by the nonpartisan Congressional Budget Office.

The administration makes quite a few convenient and overly-rosy assumptions about our struggling economy. This leads to wildly differing projections about future deficits.

The chart above shows the gaping differences between the CBO’s projections and Obama’s. But even under the White House’s scenario, the deficit will never be less than $400 billion, and the budget will never be close to balanced.

Whose projections do you believe?

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