Based on fairness concerns, there’s a strong case for making the tax system more marriage neutral by shifting to individual rather than family-based taxation, and for providing increased support to low-income individuals without children.
Under tax law, stolen property, bribes, kickbacks, and income from other illegal activities must be counted as income. Embezzlers, thieves, and bootleggers may also take deductions for costs relating to criminal activity.
Neither party will always welcome estimates of how their proposals affect long-run growth. But the American people should welcome the prospect of their elected representatives being asked to think further ahead than the next election.
Charles Murray’s new book addresses topics ranging from the specifics of day-to-day workplace behavior to the ultimate sources of human flourishing.
The prospect of the dollar failing, and the international monetary system with it, looks increasingly inevitable. The dollar nearly ceased to function as the world’s reserve currency in 1978, and similar symptoms can be seen today.
For the environmental Left, pursuit of their policy goals requires neither consistency nor evidence.
States are inhibiting educational entrepreneurship; Congress should step in and provide funding to states to facilitate further charter school growth.
Shouldn’t those who contribute the funds to launch successful startups also share in any profits?
The Obama administration's approach to the public policy challenge of energy production and consumption ignores three important energy realities.
California Democrats have proposed a new referendum that would reinstate racial preferences in higher education, but the state's Asian Americans are rebelling.
There is one effort in which everybody should wish to see China successful: preservation of the country’s farmland. It has already been reduced to well below the level needed to keep the country self-sufficient in grain production.
A one-size-fits-all minimum wage, without any adjustments for the significant differences in the cost of living across the country, will disproportionately affect low-skilled workers in low-cost areas.
Based on a large body of empirical research examining the relationship between the size of government and economic outcomes, the United States should scale back.
Capitol Hill Republicans’ latest plan to replace the Affordable Care Act falls short of what is needed to reverse the downward drift of our over-regulated, over-subsidized, and over-politicized health care system.
An ambitious new book grapples with some of the thorniest socio-moral questions ever to have bedeviled political philosophers, falling short when it attempts to apply its meta-morality to a practical issue.
A St. Louis Fed paper is being cited as 'proof' that affordable housing goals did not contribute to the subprime mortgage boom. While it might delight some lawmakers by supporting their position, the paper’s analysis is mistaken.
For 50 years, the IRS has been exceeding its authority. The agency should get out of the business of regulating political speech.
If universal pre-K is as critical as New York Mayor Bill de Blasio insists, funding should be found by cutting lower-priority programs, not through his proposed new income tax.
Instead of protesting better private transportation for others, San Franciscans should demand improved public services.
Several developments should cause the U.S. Treasury to reverse itself in favor of a smaller International Monetary Fund.