Globalization and capital mobility are increasing tax competition among countries. Lower tax rates increase after-tax returns to capital, raising economic growth rates. They can also make economies more attractive for foreign investment. Furthermore, lower taxes on capital are generally associated with increased government tax revenues.
Dates: Thursday, September 25, 2008 – Friday, September 26, 2008
Don't get me wrong. I'm not going soft on moral hazard, the idea that people behave recklessly if they don't have to deal with the consequences of their actions. But …
Don't get me wrong. I'm not going soft on moral hazard, the idea that people behave recklessly if they don't have to deal with the consequences of their actions. But …
A new NCPA study examines a quirk in the tax code that pushes married couples into a higher tax bracket than two unmarried single earners living together and earning the same combined income.
Up to a point, government spending on public goods – such as national defense and protection of property – can raise the economic growth rate. However, as government spending rises, the tendency is to increase spending on nonproductive income transfers – such as subsidy and welfare programs. Research indicates that the high levels of taxation required to pay for such income transfers inhibit economic growth, whereas lower taxes can raise the rate of economic growth.
Energy is essential in America, and 40% of what we use comes from oil and 23% from natural gas. That comes to about 21 million barrels of oil and 64 …
Although the ANPR seeks to assess the effectiveness of the Clean Air Act (CAA) as a vehicle to regulate and reduce greenhouse gas emissions in the United States, we believe it suffers from several defects. We recognize that the EPA is precluded by law from considering the costs of its actions when deciding whether to issue an endangerment finding and subsequently regulate a pollutant.
Plan Promotes Savings and Competition
What should we do about the fact that as many as 46 million Americans at any one time lack health insurance? My colleagues and I at the National Center for …
I was afraid of accounting in school; I still am. Back then, I feared it would wreck my grade point average; today, I fear it will wreck our financial system. …
I was afraid of accounting in school; I still am. Back then, I feared it would wreck my grade point average; today, I fear it will wreck our financial system. …
The most important domestic policy problem this country faces is health care. The most important component of that problem is Medicare. Forecasts by every federal agency that produces such simulations – the Congressional Budget Office (CBO), the Social Security/Medicare Trustees, the General Accounting Office (GAO) – show that we are on a dangerous and unsustainable path. Indeed, the question is not: Will reform take place? The question is: How painful will reform have to be?
A free trade agreement commits two or more countries to reduce mutual trade barriers — tariffs, quotas and so forth. Such agreements give both countries' products an advantage in each other's markets relative to imports from other countries.
Federal mismanagement of U.S. forests has increased the number, size and cost of wildfires over the past decade. Historically, the national forests have been logged to provide lumber for commercial activities, to promote forest recreation, species protection and management, and to prevent wildfires.
Public officials and health care experts have recently suggested a number of reforms to reduce the cost of individual health insurance. However, most of the proposals fail to address the contribution of mandated benefits to the high cost of insurance in many states.
In the history of politics, there is only one fundamental, abiding issue: It is individualism vs. collectivism. Do individuals have the right to pursue their own happiness, as Thomas Jefferson thought and as the Declaration of Independence deemed self-evident? Or do we have an obligation to live our lives for the community or the state, as most societies have claimed throughout most of history?
The purpose of this primer is to explore some of the main scientific, economic and political issues surrounding the topic of global warming.
If you listen only to presidential campaign rhetoric, you might conclude that Barack Obama has proposed bold new changes for our health care system, while John McCain is offering only small improvements. If so, you are in for a surprise. Most health policy analysts believe that Sen. McCain is proposing the most fundamental health care reform.
Sen. Barack Obama has released only sketchy details about his health reform plan. The Commonwealth Fund has produced a very detailed plan, however, which it encourages readers to view as very similar to Obama's. Thus, one can assume the Commonwealth plan details apply where Obama has been vague.
In 2006, the Roth 401(k) plan was introduced as an alternative to regular 401(k)s, in which contributions are made with after-tax dollars.
In 2006, the Roth 401(k) plan was introduced as an alternative to regular 401(k)s, in which contributions are made with after-tax dollars.