This article examines when it is appropriate to adjust expected returns upward.

It seems to be that everywhere you turn, strong viewpoints on the opposite side of any given issue are garnering attention at the sake of objective, factual reporting. Truth sometimes is represented by a strong view only on one side of an issue, and in many cases truth can be found by balancing two

Urban Institute Senior Fellow, C. Eugene Steuerle, testifies before the U.S. House of Representatives Committee on the Budget, making recommendations on the Trustees Report on Social Security.

The Economic Growth and Tax Relief Reconciliation Act of 2001 phased out the estate tax by 2010, but it is scheduled to be restored, along with the rest of the 2001 tax changes, in 2011. This commentary argues that the federal estate tax is the most progressive tax in the federal system, an

This paper focuses on how the tax expenditure debate has evolved over the years.

[ Nihonkeizai Shimbun ] What can Japan learn from the United States' experience with deficit reduction? First and foremost, U.S. success in eliminating deficits would not have been possible without the support of a broad public consensus that focused on the long-run negative effects of deficits.

When policy makers decide that they are going to grant a temporary write-off for new capital investments, they essentially conclude that its macroeconomic advantages exceed other alternatives. However, incentive effects apply more powerfully to established or old business than to new business -- a

This brief considers focuses on the ending of temporary investment incentives.

In the early 1970s, a Democratic Congress and a Republican President (Nixon) became concerned about the lack of pension funding, vesting, and coverage for most Americans. They decided to do something about it. This president and Congress, I believe, are not less qualified or less concerned with the

The collapse of Enron brings out many tales, but none motivate action more than images of workers who now are left with little or nothing in the way of retirement plan benefits. In response, President Bush has requested legislation that would essentially remove some bars that prevent workers from

GAO released an analysis on January 11 of Earned Income Tax Credit (EITC) eligibility and participation rates. The study estimates that one fourth of all eligible households do not claim the EITC. However, GAO's study was based on information from two mismatched databases and its conclusions should

This brief focuses on using public finance principles to allocate relief funds.