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07/23/08
Press Release
#110-46

It is a pleasure to join in welcoming the panel of witnesses before us today.  We are all concerned about the increases in the cost of living that threaten to erode American living standards.  

As I talk to my constituents in New Jersey, the number one concern on their minds is the high cost of oil and gasoline.  This year, the oil price has risen about 40 percent so far, with further price increases a distinct possibility.  These higher energy costs leave families with less money to cover other expenses, such as food.  Of course, rising food prices also reflect higher costs for fertilizer, transportation, packaging, and the impact of our ethanol tariff, among other things.  As a first step we should repeal the ethanol tariff, and also seek to produce more energy here in the United States. 
   
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Download Testimony of David Kreutzer, Senior Policy Analyst for Energy Economics and Climate Change for The Heritage Foundation

07/21/08
Press Release
#110-45

WASHINGTON, D.C. – The share of total federal income taxes paid by the top 1 percent of tax filers increased to 39.89 percent in 2006, while the tax share of the top 5 percent climbed to 60.14 percent.  The income tax share of the top half rose to 97.01 percent, according to recent Internal Revenue Service (IRS) data.  The tax shares are the highest on record for these groups based on comparable IRS data going back to 1986.
   
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07/16/08
JEC Study & Press Release
#110-44

07/14/08
Research Report
#110-24

06/26/08
Research Report
#110-23
& JEC Study


06/18/08
Economic Conditions

05/22/08
Press Release
#110-43

 

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