Issue Briefs

Effects of a Border-adjusted Corporate Tax

U.S. firms pay the world’s highest corporate tax rate — a federal tax of 39.1 percent combined with an average 4.1 percent state tax on profits from domestic sales, or foreign sales (when and if the p…

Why Trump’s Industrial Policy Will Fail

President Trump appears set to press for a mixed bag of fiscal and trade policies that will likely have contradictory effects. In addition to taking pages from President Ronald Reagan’s agenda to lowe…

Should U.S. Imports Be Taxed to Subsidize Exports?

The tax debate in Congress has shifted away from simply cutting taxes to restructuring the tax system. There is no shortage of reform proposals, but current initiatives in tax and trade policy are no…

Terrorism in Latin America (Part One): The Infiltration of Islamic Extremists

The threat from Islamic extremists in Latin America remains an overlooked aspect of U.S. national security strategy. And the threat is worsening – not “waning” as the Obama administration claimed abou…

Who Is Responsible for Rising Drug Costs?

Americans’ prescription drug bills are rising. Most drugs are affordable, but prices for a few drugs exceed the average mortgage payment. They can be especially costly when there are only one, two or…

How the Economy Affects Major Asset Classes

Asset performance patterns are not always easy to explain, even over longer time frames. For instance, stock and bond prices are positively correlated, but they are also negatively correlated at vario…

How to Make New Drugs More Affordable

Over the past several years, a few high-priced drugs have elevated drug spending to a political issue. Patients are more sensitive to rising costs due to increasing deductibles and, because consumers …

The American Dream is Alive and Well – Among Orphanage Alumni!

Over the last several years, national media have reported discouraging news on the survival of the American Dream. One study found that a sizable majority — just under 60 percent — of Americans have l…