Publications

A 6-page analysis of the House Republican "Contract With America" proposals to expand the availability of IRAs, and to increase the unified estate tax credit.

This is a 6-page analysis of the House Republican "Contract With America" proposal to reform business depreciation rules.

An 11-page expose of the federal budget process, where spending is compared to an inflated current services budget, rather than to last year's spending. This is how a 4.5% spending increase over the previous year can be characterized as a "draconian cut."

Published in Cooperation with the Lehrman Institute.

Faulty static government forecasting methods that are biased in favor of spending and against tax cuts have contributed to out-of-control government spending and spiralling budget deficits. Dynamic scoring, which better reflects the reaction of taxpayers and businesses to changes in tax law, should be incorporated into the government forecasting process. This paper is the definitive case for dynamic scoring.

In 1995 government at all levels will spend almost a billion dollars a day on welfare, yet today we have a higher poverty rate than the one reported in 1966. Clearly, what we've been doing for the past 30 years isn't working.

The U.S. economy is lagging in GDP growth relative to recent history. This study proposes and evaluates a package of six changes to the tax code that would increase job creation and GDP growth, and restore long-term growth prospects.

A survey of major tax bills since 1954, demonstrating that, with a few notable exceptions, the constant effort to make the tax code "fairer" by raising tax rates on capital and labor have resulted in a tax code that discourages business formation, job creation, and capital formation, thus limiting growth.

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.