The Case for Abolishing Death Taxes
The estate tax is a bad tax. It raises little revenue. It does not redistribute wealth. It imposes large costs on the economy. And it is complicated and unfair. It should be abolished.
The estate tax is a bad tax. It raises little revenue. It does not redistribute wealth. It imposes large costs on the economy. And it is complicated and unfair. It should be abolished.
As expected, President Clinton has pledged a U.S. commitment to slow global warming, but he didn't offer any specific plan in his speech Thursday at the United Nations Earth Summit.
President Clinton has pledged U.S. commitment to an internationally binding Global Climate Treaty, but his lack of specifics during Thursday's speech to the United Nations Earth Summit enraged radical environmentalists.
One of the most important factors in evaluating tax legislation is the distributional impact of the tax changes. The Treasury Department produces tables showing the effects of tax cuts and tax increases on people with different incomes. However, Treasury's distribution tables bear no relationship to reality, and fail to convey to policymakers any sense of how people are actually affected by proposed tax changes.
The approach of Independence Day affords us a time to marvel at the genius of what the Founding Fathers created for us in the new nation that grew out of the Declaration of Independence and ensuing events: a nation based not on allegiance to a ruler but on individual rights.
As part of the recent budget agreement, President Clinton and Congressional leaders agreed to spend $16 billion over the next five years on health insurance for children. Now the question facing Congress is: What's the best way to spend the money?
Republicans almost lost their majority on Capitol Hill in the '96 elections and have since resembled Clark Kent more often than Superman. Their mild mannered Resist-and-Retreat routine is no expressway to smaller government and more freedom. They've forgotten what General Douglas MacArthur told them at their 1952 National Convention: "It is fatal to enter any war without the will to win it."
Theories about global warming and the proposed treaties to reduce climate change are based on disputed science and will shackle developed economies.
Across the country state and local governments have been privatizing welfare services.
If climatologists cannot agree on a climate change diagnosis – some contend the earth is warming, some say it's cooling, others assess no significant change at all – is it appropriate to prescribe a "cure" certain to impose negative side effects?
National Center for Policy Analysis (NCPA) President John Goodman will testify before the House Ways & Means Subcommittee on Social Security that adoption of a fully funded private pension system, coupled with a restructuring of Medicare would convert Social Security to a safer, more lucrative retirement system for tomorrow's seniors.
National Center for Policy Analysis (NCPA) tax expert Bruce Bartlett will testify before the Subcommittee on Tax, Finance and Exports of the House Committee on Small Business that the estate tax.
The National Center for Policy Analysis and CEO America will present the live taping of William F. Buckley, Jr.'s Firing Line Debate on the topic Resolved: Government Should Not Discriminate Against Private Schools.
As part of the Contract With America, Congress passed the Unfunded Mandates Reform Act of 1995. The legislation restricts the ability of Congress to pass laws that would impose costly burdens on state, local and tribal governments. Under the legislation, any proposed bill that would impose a cost of more than $50 million on a state or local government would be subject to a "point of order" – a procedural move that would permit congressmen to stop the legislation unless a majority voted to override the point of order. In addition, the Congressional Budget Office (CBO) has to estimate the cost of mandates imposed on private-sector businesses if the mandates exceed $100 million.
A casual glance at the nation's highways shows that much has changed in the last 25 years. The changes include fewer large family cars on the road, a dramatic increase in the number of light trucks and sport utility vehicles (SUVs) and the introduction of minivans. If federal regulators have their way, minivans and SUVs will go the way of the station wagon. In the process, American lives, especially those of children, will be put at risk and gas will be wasted.