In two weeks, Americans will celebrate “Tax Freedom Day,” the point at which they will have earned enough money to cover their total tax bill for the year. This year Tax Freedom Day falls on April 18, almost a whole week later than the previous year. As we move closer to that date, here are the top five things to know about Tax Freedom Day.
With the sequester approaching, some are calling for the cuts to be replaced with a plan that includes more tax increases. This is unfair to Americans that shouldn’t be shouldering the burden of Washington’s wasteful spending. And, most importantly, Americans just don’t want it.
It seems like every time America faces a major crisis, instead of finally accepting reality and making tough decisions, Congress hits snooze for another few months. The problem? While Washington is sleeping, spending doesn’t stop.
This survey was conducted January 13-16, 2013 among N=805 registered “likely” voters nationwide. The margin of error is +/- 3.5%. All interviews were conducted over the telephone, with 25% via cell phone.
Here’s a roundup of the latest must-read budget and economic stories.
CQ Roll Call reported this week that the president’s budget proposal is likely to be late for the third year running—this time because of the lengthy fiscal cliff negotiations at the end of 2012.
In 2012 the “fiscal cliff” crisis had lawmakers in Washington scrambling for a last-minute deal to avert a series of
tax hikes and spending cuts that were made by formula—not by making the hard decisions. Over the years, much
of the talk in Washington has been familiar while our debt continues to grow.
For years, leaders have been all talk and no action when it comes to tackling our overspending problem, and now Bankrupting America, a project of Public Notice, is calling them out for the empty promises with a new video as part of our “Talk is Cheap, Overspending is Not” campaign that launched in early January.
#TalkIsCheap, except when it leaves the country over $16 Trillion in debt. Have politicians talked about reducing our deficit and debt? Yes. Have they taken action? Find out in our latest video.
The nation’s unemployment rate has been above 7.5 percent for four full years. Americans are beginning to wonder if high jobless rates are here to stay. According to Gallup, 47% of adults think America’s best days are ahead of it. 50% think the country’s best days are behind it.