Policy Report

An examination of a proposed change in the tax code revising the rules for business depreciation, taking into account inflation and the time value of money. This proposal was part of the House Republican's Contract with America.

An examination of the total liability of the U.S. government, including the national debt, but also including credit and insurance programs, and the actuarial liabilities of the Social Security system and federal employee pension programs.

An evaluation of six proposal for capital gains tax relief, comparing them with regard to their effect on the economy.

The price controls contained in the Clinton Health Care proposal will stifle the critical development of pharmaceuticals and drug therapies, which are the most cost effective health care treatments.

The federal backing of GSE obligations may be implicit, but it is very real. Taxpayers have literally billions of dollars at stake if a GSE fails to meet its obligations.