Taxes

The Case for Permanent Expensing

Investment spending has been sluggish in spite of record low interest rates and enormous levels of excess reserves in the banking system. Banks have been criticized for not lending enough, but the rea…

Don't Let the R & D Tax Credit Slip Away

Prior to the 1970s, there were barriers to foreign investment, such as laws limiting ownership of U.S. corporations. As trade barriers fell in the 1970s and the economies of countries in North America…

Trade Agreements with Colombia, Panama and South Korea: What Are We Waiting For?

American businesses pay billions of dollars in tariffs each year on exports to countries that are willing to eliminate those tariffs. Why? Because Congress has failed to ratify three key trade agreeme…

Do Drug Courts Work?

Drug courts are judicially supervised programs that provide long-term treatment and other services to nonviolent drug law offenders. Cases can be referred to drug courts in lieu of or in addition to t…

The Limit of Tax Revenues

The Greeks have always been trendsetters for the West. Washington has repudiated two centuries of U.S. fiscal prudence as prescribed by the Founding Fathers in favor of the modern Greek model of debt,…

Is a VAT the Answer?

All over the developed world, countries are facing an extremely unpleasant budgetary reality: Per capita health care spending is growing at twice the rate of growth of per capita income.

The Likely Effect of the Federal Budget Deficit

Many people are worried about the United States' federal budget deficit and accumulating debt burden. In 2009 the federal budget deficit reached a record $1.4 trillion, and public debt (U.S. Treasury…

Should Carried Interest Be Taxed as Ordinary Income?

Investment firms include private equity funds (which raise capital to invest in start-ups or existing businesses) and hedge funds (investment funds that specialize in certain investments such as debt…