Policymakers and even policy analysts often consider the progressivity of specific proposals independently from the broader systems in which they operate. Consequently, they often leave...
When Congress increases spending and cuts taxes then fails to extend the nation’s debt limit, it effectively orders the president to run deficits while prohibiting...
All major provisions of the House Ways & Means Committee’s budget reconciliation tax bill would cut 2022 taxes on average for households making $200,000 or...
Welcome to Fall. The season where, predicably, the weather gets cooler, the leaves change color, and Congress puts on its annual fiscal crisis. This year,...
As of this morning, yields on 10-year Treasury bonds stood at 1.33 percent. The yield on TIPS bonds–which are adjusted for inflation–was negative. These astonishingly...
Partisan congressional squabbling over the nation’s debt limit once again threatens to shut down the federal government and perhaps trigger a worldwide financial crisis. The...
if we want more of a good thing, don’t tax it. So how should we think about the vehicle-mileage tax (VMT) that raises the costs of driving planet-friendly hybrid or electric vehicles?
Buried in today’s partisan squabbles over President Biden’s ambitious domestic agenda is a fundamental question: How can government best increase the nation’s wealth? Does it...
