A Primer on Refundable Tuition Tax Credits President's Proposal Scores an "E"--Expensive!
President Clinton has proposed a 2-year, $1,500 per year refundable tuition tax credit for the first two years of post-secondary education. But for every new student drawn to postsecondary education, the President's proposal would spend $51,500. Because already today, over 62 percent of all high school graduates go to college, and because tuition rates have risen in correspondence to the increase in federal student aid, the President's proposal is at least an inefficient expenditure of taxpayer funds.
Which Tax Reform Plan: Developing Consistent Tax Bases for Broad-based Reform
Support is growing among the American public for far-reaching tax reform, but which plan? The National Sales Tax? The Flat Tax? Or the USA Tax? This report computes the tax bases of each type of tax reform, and from there determines what tax rates are necessary to make each plan revenue-neutral under the traditional static analysis employed by government forecasters. The results may surprise you.
Eating Out Our Substance (II): How Taxation Affects Investment
Eating Out Our Substance: How Taxation Affects Saving
Salvaging Social Security: The Incredible Shrinking Trust Fund, and What We Can Do About It
Reversing the Decline in Saving and Investment: Depreciation Reform through Neutral Cost Recovery
This is a 6-page analysis of the House Republican "Contract With America" proposal to reform business depreciation rules.
Reducing Tax Rates on the Savings of Average Americans
A 6-page analysis of the House Republican "Contract With America" proposals to expand the availability of IRAs, and to increase the unified estate tax credit.
Cooking the Books: Exposing the Tax and Spend Bias of Government Forecasts
Faulty static government forecasting methods that are biased in favor of spending and against tax cuts have contributed to out-of-control government spending and spiralling budget deficits. Dynamic scoring, which better reflects the reaction of taxpayers and businesses to changes in tax law, should be incorporated into the government forecasting process. This paper is the definitive case for dynamic scoring.