Real Patient Protection: Expanding Medical Savings Accounts

In 1996 Congress created a demonstration project permitting small employers and the self-employed to establish up to 750,000 tax-free Medical Savings Accounts (MSAs). However, as a result of opposition in Congress, lawmakers imposed a number of restrictions that limit who can purchase MSAs and thwart the ability of MSAs to work properly.

Putting Drivers in the Driver's Seat

Auto Choice, a proposed structural reform of the country's fraud-ridden $150 billion per year auto tort system, is quietly gaining broad bipartisan endorsement. Its supporters already include Democratic Sens. Daniel Patrick Moynihan of New York and Joseph Lieberman of Connecticut, Republican Sens. Mitch McConnell of Kentucky and Kay Bailey Hutchison of Texas and House Majority Leader Dick Armey (R-Texas).

The Underground Economy

Internal Revenue Service Commissioner Charles Rossotti recently estimated that the federal government is losing $195 billion per year in revenue due to the failure of people to report income and pay taxes on it.

Are School Vouchers Constitutional?

Many legislators who vote for sweeping government programs without a second thought about their constitutionality suddenly grow concerned when the issue is school vouchers. The moment a dollar of public funds crosses the threshold of a religious school, they contend, it violates "separation of church and state."

Privatizing Social Security

The U.S. Social Security system is broke. It does not have the assets to pay promised benefits. Unless the system is fundamentally changed, solvency will require either massive tax increases for future workers or draconian cuts in benefits for future retirees.

Measuring the Burden of High Taxes

Not only would Americans have a higher standard of living if the tax rate had been at 21 percent of GDP, but based on public spending and indicators of social progress, it appears that the marginal benefit of taxation in the United States has been far less than the marginal cost.