Policy Backgrounders

Policy Backgrounders are designed as briefing papers on public policy issues for people with limited time and a need to know about public policy issues.

Why Does Crime Pay?

America is burdened by an appalling amount of crime.  Although the crime rate is not soaring as it did during the 1960s and 1970s, we still have more crimes per capita than any other developed country…

If the Budget Summit Was a Success, Why is the Five-Year Deficit Heading Toward $1 Trillion?

The recently released 1992 federal budget documents the failure of the federal government to live within its means.

Will The New Budget Package Create A Recession?

The United States has experienced the longest peacetime economic expansion in its history, due to tax reductions enacted during the 1980s.

Rethinking the Clean Air Act Amendments

The Clean Air Act was passed in 1970 and has been amended on several occasions.  Recent amendments proposed by President Bush have been so altered in the Senate and the House of Representatives that t…

State Governments Turn to New Taxes

This year 25 states -- leb by California, Massachusetts, New Jersey, and New York -- have approved roughly $10 billion in new taxes, making 1990 the second-largest state tax increase year on record. …

Do We Need New Taxes?

In budget summit negotiations, the President and Congress originally had agreed in principle to reduce the federal deficit by $50 billion next year and $500 billion over the next five years.  About ha…

How to Stimulate Economic Growth and Reduce the Deficit at the Same Time

President Bush and congressional leaders have agreed that any new budget package must contain incentives for investment and capital formation.  The overriding reason for the budget summit is to reduce…

Would a Capital Gains Tax Cut Increase or Reduce Government Revenue?

Last year the House passed a capital gains tax cut which subsequently died in the Senate.  The Joint Committee on Taxation (JCT) prediceted the bill would reduce federal revenues by about $60 billion…