National Center for Policy Analysis Congressional Briefing
In his State of the Union address, President Bush proposed a tax deduction for people who purchase catastrophic (high-deductible) health insurance, in addition to his previous health proposals. Such insurance could be combined with Health Savings Accounts (HSAs), deposits to which are already deductible.
A week after President Bush outlined ideas to help the unemployed survive while out of work and train for the available jobs in our changing labor market.
In the area of taxation, there is probably nothing that drives Democrats crazier than when they hear Republicans praise John F. Kennedy's tax cut and compare their tax cuts to his. Unfortunately, Democrats keep running up against Kennedy's own statements and actions, which show a clear parallel to Republican tax policies since 1980.
In 1958 liberal economist John Kenneth Galbraith's best-selling "The Affluent Society" assured us that living standards had risen so far they couldn't rise any further. In 1960 Prof. Paul Erlich concluded that 65 million Americans would perish from famine in the 1980s and food riots would kill millions more. Scientific American predicted in 1970 that in 20 years the world would be out of lead, zinc, tin, gold and silver. And Jimmy Carter's 1980 "Global 2000" report forecast that mass starvation and superplagues would ravage the globe in the final year of the millennium. They all more or less agreed with English philosopher Thomas Hobbes that our lives would be "solitary, nasty, brutish, and short."
At a time when the United States and U.S.-backed international financial institutions are encouraging countries around the world to adopt free market economies, a new study examines how well states in the U.S. fare by that measure.
Having failed miserably in its effort to shore up U.S. manufacturing with trade protection, it now appears the Bush administration is preparing to use direct government subsidies instead. Like the ill-fated steel tariffs, this effort, too, is doomed to failure.
Having failed miserably in its effort to shore up U.S. manufacturing with trade protection, it now appears that the Bush administration is preparing to use direct government subsidies instead. Like the ill-fated steel tariffs, this effort, too, is doomed to failure.
There's no reason to be pessimistic about life in America.
The statistical results of this year's study persuasively confirm those published last year: economic freedom is a powerful driver of growth and prosperity and those provinces and states that have low levels of economic freedom continue to leave their citizens poorer than they need or should be.
Founder and Chair of the King Hussein Foundation International
The idea behind Health Savings Accounts (HSAs) is quite simple. Individuals should be able to manage some of their own health care dollars through accounts they own and control. They should be able to use these funds to pay expenses not paid by third-party insurance, including the cost of out-of-network doctors and diagnostic tests. They should be able to profit from being wise consumers of medical care by having account balances grow tax free and eventually be available for nonmedical purchases.