Taxes

Will a Cigarette Tax Increase Really Help Uninsured Children?

Senators Orrin Hatch and Ted Kennedy have joined forces to establish a new government program to finance children's health insurance. They propose to fund the program by increasing federal cigarette…

Should We Abolish the Estate Tax?

While the estate and gift tax is insignificant in terms of federal revenue, it is quite significant economically. It wastes resources. It discourages work, saving and investment. And it does virtually…

The Economic Effects of the Dole Tax Plan

This study examines the economic effects of the Dole plan using a computable general equilibrium (CGE) model, an economic model that has been published in several peer-reviewed journals.

The Case For An Across The Board Tax Rate Reduction

Federal taxes have reached their highest level in history. To bring federal taxes to a tolerable level will require not just tax reform, but a complete overhaul of the federal budget as well.

Fighting the Rising Tax Burden

Recently released data from the Department of Commerce reveal that federal, state and local taxes consumed a record 31.3 percent of gross domestic product last year - the highest level in U.S. history…

The Economic Effects of A Flat Tax

Using an economic model published in several peer-reviewed journals - a computable general equilibrium (CGE) model - this study examines the effects of a 17 percent flat tax on the various sectors of…

Tax Reform's Third Rail: Mortgage Interest

The mortgage interest deduction has long been considered the untouchable third rail of tax reform. However, a close look at a flat-rate tax suggests that, on balance, homeowners would gain more from i…

Principles of a Flat Tax

There is a better way of taxing. Under a flat tax, all income is taxed, and it is taxed at the same rate. Furthermore, income is taxed only once, at its source, when it is realized.