A $2 trillion proposal from William G. Gale and Benjamin H. Harris, via The Hamilton Project at Brookings: We propose a value-added tax (VAT) to contribute to the U.S. fiscal solution. A 5 percent broad-based VAT, paired with subsidies to offset the … read more
Very interested to see how Paul Ryan’s 10-year balanced budget plan comes out. As I muddily explained yesterday, I view Ryan’s previous plans more, ultimately, as fiscal education modules than actual budget blueprints. They highlight good ideas, such as Medicaid … read more
Rep. Paul Ryan, to his credit, has taken two big swings at long-term budget reform, “A Roadmap for America’s Future” and “The Path to Prosperity.” Both are serious, structurally sounds plans — supply-side tax reform, Medicare premium support, block granting Medicaid to the … read more
The sequester is only four days old and it has already done untold damage — not to teachers, air traffic controllers, or the military, mind you, but to President Obama’s credibility. Obama has been caught in one misstatement after another … read more
David Blom is the CEO of OhioHealth, a Columbus, Ohio, based not-for-profit health care system that includes 18 hospitals. Because the 2% sequestration cuts to Medicare providers, OhioHealth will lose $12 million in revenue this year from Uncle Sam. In an … read more
In this week’s episode of AEI’s Banter podcast, Stu and Andrew sit down with the man, the myth, the legend: AEI economist Michael Strain. The topic: minimum wage laws. Michael walks through the likely effects of raising the federal minimum … read more
Simon Kuznets, the economist who created the accounting mechanism known as gross domestic product, warned that “distinctions must be kept in mind between quantity and quality of growth, between costs and returns, and between the short and long run. Goals … read more
The current US tax code subsidizes more expensive homes at the expense of more business investment — in the process offering the biggest tax benefits to the wealthiest taxpayers. It’s costly policy in more ways than one. The tax break may … read more
In a sharp rebuke of a New York Times investigation, an analysis by the nonpartisan Congressional Budget Office found that a last-minute provision added to the early January “fiscal cliff” bill could save taxpayers as much as $4 billion—rather than … read more
President Obama seems to pride himself on a deep understanding of the Republican/conservative mind. He thinks he knows the other side’s arguments at least as well — probably better — than they do. And perhaps he does, though I doubt it. … read more
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