Like most Americans, I hate preparing my income tax return. And, as a tax policy expert, I know that our current tax system is deeply...

The Washington pols who are pushing housing legislation should meet my friends Steve and Laura. They are a 30-something couple with a two-year old daughter, and they have been waiting for years to buy a house.

I spent about 90 minutes this afternoon interviewing John McCain's chief economic adviser, Doug Holtz-Eakin. He laid out what would be a powerfully ambitious domestic agenda for a President McCain, including big upfront initiatives on climate change and Social Security reform. But he also set the stage for what would be an existential battle between the parties over taxes and spending.

Why is it that the biggest problems always seem to encourage the worst possible solutions? The latest case in point: The Senate's housing bill, grandly titled "The Foreclosure Prevention Act of 2008."

What to make of Treasury Secretary Hank Paulson's plan to rewrite regulation of the financial services industry?

If we can get past all the noise about Barack Obama’s minister, Hillary Clinton’s 11-year-old recollection of an airport tarmac, and John McCain’s stumble over which Iraqi gunmen are backed by the Iranians, voters will actually have real choices this November. If you don’t believe it, think about how they’d manage today’s economy.

Don’t expect carbon taxes to both dramatically reduce greenhouse gasses and serve as a cash cow for government. They might succeed at one or the other, but not both. That’s the argument Monica Prasad makes in a provocative article in today’s New York Times.

When a young Jack Nicklaus won the 1965 Master's, golf legend Bobby Jones said he "was playing a game with which I am not familiar." I have the same feeling about the financial markets today.

think I need a drink. Yesterday at TPC, a panel of experts looked at what the credit mess means for state and local governments. The answer is: Nothing good. I felt like I was watching the final minutes of the Super Bowl with a room full of New England Patriots fans.

Tax credits for buying health insurance are all the rage. John McCain loves them. So does Hillary Clinton. Barack Obama says he prefers to help people buy coverage with “income-related subsidies,” but these could easily morph into credits as well.