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General Tax Policy

If Tax Cuts Boost Foreign Investment, The Income Boost May Be Moderate

In principle, well designed tax cuts can increase US investment and lending by foreigners which can, in turn, increase the aggregate US capital stock and,......

Thirty Days Hath September…

A vote, a vote, their kingdom for a vote…. Senate Republicans continue their push to pass the Graham-Cassidy bill before September 30, after which date they’d require Democratic support....

Choices, Promises, and Confusion

Americans still want to tax the fella behind the tree. As part of a budget-cutting exercise, a new online survey finds that a majority of Americans would raise taxes on the top 5 percent of earners...

Bernie Sanders and Donald Trump Have Something In Common: Big Dreams They Can’t Pay For

Sen. Bernie Sanders (I-VT) and President Trump have more in common than either would likely admit. For example, both have grand, ambitious plans they cannot......

"Look into your heart..."

“With a positive mind.” Another day, another trial balloon, or two....

Eight Thoughts on Business Tax Reform

Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my......

Once more unto the breach, dear friends…

Before tax reform, one more attempt at ACA repeal and replace....

Tax Reform Affects The Level Of Economic Output — Not The Long-Run Growth Rate

President Trump and his top economic advisers often argue that a major tax reform would permanently boost the nation’s economic growth rate to 3 percent......

Biting the Hand that Feeds You

The President seeks Democratic votes on tax reform. For now....

Agreeing to Disagree, Hurrying Up to Wait

The House passed a $1.2 trillion spending bill. The legislation funds most government activities for the fiscal year beginning October 1....

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