Heritage - Which is a Bigger Dud: Obama's Tax Policy or North Korea's Missiles?

Friday, April 13


Despite the very public failure of North Korea's missile launch yesterday Americans should still be wary of the young dictator at the helm of the world's most oppressive Communist regime. A more immediate threat is the imminent tax increase that will be triggered by many long-standing tax policies that all expire at the end of 2012.

What Do You Do With A Problem Like North Korea?
Heritage expert and former Chief of CIA's Korea Branch Bruce Klingner quickly produced an issue brief discussing the missile launch failure and why a strong US response is necessary. The launch was a blatant violation of existing UN resolutions that preclude any launch using “ballistic missile technology.” For more in depth analysis on the Korean peninsula read Klingner's backgrounder on the North Korean leadership transition and its effects on regional stability.
Taxmageddon: The Biggest Tax Hike in History is Just Around the Corner
Starting January 1, 2012, Americans will face a $494 billion tax increase, the highest ever in one year. The Washington Post called the looming tax increase "Taxmageddon," and Federal Reserve Chairman Ben Bernanke called it a "massive fiscal cliff." The average American household would see even higher tax hikes in succeeding years.  Taxmageddon falls primarily on middle- and low-income Americans, but Americans at all income levels will feel the pain of Taxmageddon because it will slow job creation and wage growth. President Obama and Congress should start working together now to prevent this massive tax increase rather than waiting until the end of the year. Find out more in the Heritage factsheet "Taxmageddon: Massive Tax Hikes on the Horizon."
Mothers Work Hard Too
Democratic strategist Hilary Rosen couldn't have expected the social media firestorm she created by stating that a stay-at-home mom "never worked a day in her life." Contrary to her feminist leanings, Pew Research found that 70% of working moms would rather work part-time or not at all. Penny Nance, CEO of Concerned Women for America was quick to respond by saying that "raising kids is the hardest and most important work in the world. How does this administration not get how important stay-at-home moms are to our nation? Haven’t they heard the saying, 'The hand that rocks the cradle rules the world'?" The Foundry blog post gives more insights on this debate.


NASA Scientists & Astronauts Object to Agency's Political Activism
Forty-nine former NASA astronauts and scientists sent the agency administrator Charles Bolden a letter stating that his claim that man-made carbon dioxide is having a catastrophic impact on global climate change is not substantiated, especially when considering thousands of years of empirical data. The Insider blog discusses more about the fallout of this challenge to global warming alarmism.