Two Cheers for the Bush Health Plan

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.

Haunted by tax cuts past

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.

Don't Worry, Be Happy

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."

Manufacturing miscalculations

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.

Economic Freedom Index of North America 2004

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.

Health Savings Accounts Will Revolutionize American Health Care

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.