Because Social Security spends tax collections almost immediately, rather than putting them aside to fund future retirement costs, it is believed by many to reduce net national saving at a time when other private and public saving are considered too low. This low savings rate coincides with a

Senior Fellow Eugene Steuerle comments on Social Security privatization options, noting that none say much of anything about the current private pension system, its advantages and limitations, nor about the ways that new, mandated, private accounts would be integrated with private accounts already

At least 21 states have already enacted tax cuts this year, and several more reductions are likely to be adopted before the books are closed on this year's legislative sessions. But, from the perspective of the overall state budgets, the great majority of tax reductions are little more than tokens

Devolution is a mixed blessing for states. The positive side of the ledger the increased flexibility in using funds that may accompany block grants has been widely discussed, although it is impossible to be certain about how states will take advantage of that flexibility. Less attention has been

This paper raises a number of concerns about various options and offers a number of examples of ways to slow the growth of Medicare spending.

Senior Fellow Eugene Steuerle offers a partial guide for thinking about tax reform.

Senior Fellow Eugene Steuerle examines the popularity of the Earned Income Tax Credit and its expansion, and warns that policymakers need to be modest in their expectations of it.

Senior Fellow Eugene Steuerle takes a look at how the Earned Income Tax Credit is meeting its policy goals.