Testimonies, Speeches and Comments
The NCPA has a highly effective office in Washington, D.C. that sponsors Capitol Hill briefings, conferences and testimony by NCPA experts before congressional committees. The NCPA serves as a source of "outside the Beltway" thinking for Capitol Hill deliberations.
May 19, 2005
In the United States, we have made promises to senior citizens that far exceed what we can pay for at current tax rates. As a result, future retirees will have to rely more on private savings than previous generations. For this reason, we need programs that encourage private sector saving.
May 05, 2005
Over the past 20 years more than 30 countries, spread across Latin America, Eastern and Western Europe, Australia and Hong Kong, have adopted social security systems that include funded privately managed plans, usually based on personal accounts. Contributions to the accounts range from 2.5% to 12.5% of wages and they are projected to supply between 30% and 80% of total benefits.
Apr 21, 2005
The Small Business Administration estimates that only about 47 percent of small businesses (with less than 50 employees) offer health plans as contrasted with about 97 percent of large firms (with more than 50 employees). This gap between coverage in large versus small employers is unacceptable.
Apr 13, 2005
Congress is considering the most significant trade liberalization agreement since passage of the North American Free Trade Agreement (NAFTA) more than 10 years ago. The Central America Free Trade Agreement (CAFTA) was signed last year by the United States and Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. These six nations make up the second largest market for U.S. goods exports in Latin America, behind only Mexico. They purchased $15.1 billion worth of U.S. exports in 2003, an increase of 11 percent from 2000. Meanwhile, U.S. imports from the region totaled $16.8 billion in 2003, up 4 percent from 2000, making it the 15th-largest supplier to U.S. consumers and businesses.
Mar 09, 2005
There is inherent uncertainty in projecting the future and especially the far-distant future. But using the best information and methods available, the Trustees, the Congressional Budget Office, and most private forecasters all project cash flow deficits for Social Security beginning in little more than a decade and growing worse thereafter for the indefinite future because of the demographic changes we have noted. The reason to act soon is to avoid the forced necessity of more precipitous action later.