President Obama’s tax plan would create “A Simpler, Fairer Tax Code,” according to the official fact sheet. The president’s budget uses “simplify” numerous times in describing the plan, and the president declared in his State of the Union address: “let’s simplify the system.”
Chris Edwards is director of tax policy studies at the Cato Institute, and a former senior economist on the congressional Joint Economic Committee.
February 5, 2015, 4:03 PM EST
November 19, 2014, 9:35 AM EST
Under the U.S. Constitution, the powers delegated to the federal government are “few and defined,” as James Madison noted in Federalist 45, while the powers of the states “will extend to all the objects which, in the ordinary course of affairs, concern the lives, liberties, and properties of the people.”
December 11, 2013, 12:53 PM EST
Yesterday, Republican leaders reached a discretionary spending deal with the Democrats for 2014 and 2015 that blows up the 2011 Budget Control Act. That Act had been the GOP's only major spending accomplishment in years.
January 4, 2010, 9:39 AM EST
January 4, 2010, 9:18 AM EST
December 22, 2009, 12:01 PM EST
The Congressional Budget Office has released final budget numbers for fiscal year 2009. The numbers allow us to take a last look at the Bush administration’s record on spending from a statistical point of view.
April 14, 2009, 3:41 PM EDT
The outlook for American taxpayers is pretty grim. The federal tax code is getting more complex, the president is proposing tax hikes on high-earners, businesses, and energy consumers; and huge deficits may create pressure for further increases down the road. Despite promises by President Obama and other politicians to simplify the federal tax code, it gets more complicated every year:
February 17, 2009, 7:03 PM EST
Federal policymakers are moving ahead with a $789 billion stimulus plan to return the U.S. economy to growth. Will it work? Decades of macroeconomic research suggest that it won’t. Indeed, the revival of old-fashioned Keynesianism to fight the recession seems to stem more from political expediency than modern economic theory or historical experience. The errors of Keynes
October 6, 2008, 7:05 PM EDT
Of late, U.S. economic policy has been dominated by responses to short-term crises — the Wall Street bailouts, the economic stimulus bill, and post-hurricane spending. Whether or not such interventions make sense, they divert attention from the urgent need to bolster America’s long-term competitiveness in the global marketplace. While U.S. fiscal policy has been directionless, many of our international competitors have initiated dramatic tax reforms that put them at a distinct advantage for attracting outside investment and attendant job growth.