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How the IRS Took 27 Hours from Your Life This Year
Today, Tax Day, everyone understands that it is not just paying the taxes that is painful, it is getting together all the information and filling out the forms. The cost is time as well as money, time...
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On Tax Day, Tax-Cutting Candidates Take Center Stage
By Tax Day, April 15, Americans have spent an average of 27 hours filling out their tax returns. Tax collections are at a record high. The government's numerous encounters with the debt ceiling and a...
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Obamacare Can Leave You Earning More by Working Less (And Why That’s Bad)
Is it possible that working more could actually cost you money? The notion seems impossible, but under the subsidies and penalties of the Affordable Care Act, up to 11 million Americans could find...
View ArticleMaking Central Banks More Resistant to Political Pressures and Fads
This paper was presented April 13, 2014 at the International Monetary Fund’s Spring 2014 Meetings, in the session entitled “Can or Should Central Banks Remain Fully Independent Despite a Wider Mandate...
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The Unfolding Fiscal Disaster Behind ACA Enrollment Figures
Earlier this month there was tremendous press attention to new data indicating that enrollment in the Affordable Care Act (ACA)’s health insurance exchanges had surpassed 7 million. The White House...
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It’s Women Who Suffer Most from the Marriage Penalty
No one likes paying taxes. But this year, some of the biggest losers are married working women, who are being discouraged from working by high effective marginal tax rates, both at the bottom and the...
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Whither The Bottom 90 Percent, Thomas Piketty?
While not quite inducing Beatlemania, French economist Thomas Piketty’s visit this week to America has inspired the Washington analog of teenage frenzy. On Tuesday, the inequality expert spoke here in...
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The Politics of Banking
This article appeared in National Review on April 18, 2014.If you have time to read only one book about the causes of the 2008 financial collapse, read this one. You will discover that the banking...
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Minimum Wage Hike a $15 Billion Tax on Employers
On Thursday the nonpartisan Congressional Budget Office released a cost estimate for the Minimum Wage Fairness Act, which would raise the minimum wage. According to CBO’s estimate, raising the hourly...
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Piketty’s Historic Minimum Wage Errors
Professor Thomas Piketty of the Paris School of Economics has come to America to tell us that many of our problems could be solved with higher taxes on wealth and an increase in the minimum wage....
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A Chance to Speed Up FDA Drug Approvals?
A new Manhattan Institute Project FDAreport tries to move beyond the “too fast” or “too slow” debate over the FDA’s performance. The report’s authors, Joseph DiMasi and Christopher-Paul Milne of the...
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The Liberals’ New Hero
This article originally appeared in City JournalIt’s not every day that an academic work, written by a French economist and published by a university press, is celebrated as a “watershed book,” but...
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The Cost of the Minimum Wage: $20 for a Burger
This week, April 23-30, is “High Road Restaurant Week” in New York City. If you are unfamiliar with it, it is probably because most people cannot afford to regularly eat $20 hamburgers at the expensive...
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Is Inequality Growing Out of Control?
Has income concentration soared in the United States in recent decades? To ask the question is to sound like some sort of inequality truther in today’s post-Occupy world. Many believe the evidence...
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Instead of Taking Kids to Work, Bring Work to Kids
As if you don’t already have enough to do at the office, the non-profit Take Our Daughters and Sons to Work Day Foundation wants you to do just that today. Originally started by the Ms. Foundation in...
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Do Capital Gains Overstate the Rise in Income Concentration?
This essay was adapted from a longer one titled, “Is Inequality Growing Out of Control?”Has income concentration soared in the United States in recent decades? To ask the question is to sound like some...
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Hitting Putin in the Pocketbook
President Putin is mobilizing his forces in eastern Ukraine. Last week, Russian and Ukrainian authorities signed an agreement to ease tensions, but this week Putin is on the attack.Now is the time for...
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Public employees unions help boost state debt crisis
Federal government debt of $18 trillion represents just a fraction of America's total debt. States hold an additional $5 trillion in liability, of which $4.4 trillion represents debt for pensions and...
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Taxing the Wealthy Even More Won’t Get Us Anywhere
Thomas Piketty, a professor at the Paris School of Economics, has achieved a major coup, to use a word from his native France: catapulting his 600-plus-page book on inequality into the public...
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With the Keystone Delay, U.S. Is the Only Loser
President Obama chose Good Friday to announce another delay in the Keystone XL pipeline, which would bring crude oil from Canada to our refineries near the Gulf. If the pipeline is not approved,...
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