Focus on Fundamentals

The Wall Street Journal: Instead of worrying about how high to raise taxes, the government should concern itself with creating an environment beneficial for long-term economic wealth, says NCPA Board Member Pete du Pont.

The ObamaCare Fiscal Cliff NCPA President John C. Goodman says the tax increases caused by the Affordable Care Act are a larger burden on Americans than the Bush tax cuts.

Happy Doomsday

The Washington Times quotes the NCPA in an editorial on Unfunded liabilities owed to Social Security and Medicare adding $59 Trillion to the total national debt.

The Payroll Tax Holiday

In December 2010 President Obama traded Congress a two-year extension of the Bush-era tax cuts for a one-year, 2 percentage-point payroll tax holiday and additional unemployment benefits. The “Temporary Employee Payroll Tax Cut” reduced the employee portion of the Social Security payroll tax from 6.2 percent to 4.2 percent on individual earnings up to the taxable maximum of $110,100.

The Fiscal Cliff and the Next Recession

On January 1, 2013, taxes will go up and federal spending will be cut as a result of an agreement last summer between House Republicans and President Obama. Under current law, increases in the top rate of nearly every major federal tax will go into effect on January 1 because the Bush tax cuts expire and tax increases to pay for ObamaCare go into effect.

Exchanging Medicaid for Private Insurance

The Supreme Court’s ruling that provisions of the Affordable Care Act that would take away all federal Medicaid funds from states that refuse to expand their Medicaid programs are unconstitutional inadvertently liberated millions of people who might have been forced into Medicaid.

The Veterans Disability System: Problems and Solutions

Throughout the history of the Department of Veterans Affairs (VA), fraud, mismanagement and waste have plagued what is perhaps the most comprehensive veterans’ assistance system in the world. An examination of the Veterans Disability Compensation Program offers little reassurance that the system is improving. What can be done about the VA?

Lifetime Income, Longevity and Social Security Progressivity

Life expectancy has increased for most Americans in general over time, and life expectancy at retirement has been rising for decades. This has resulted in lengthening periods of retirement and higher associated spending on Social Security and Medicare. However, the longevity gains are significantly larger for men with relatively high lifetime earnings than those with relatively low lifetime earnings.

The Liberal Mind Liberal commentators focus on taxing the wealth of corporate executives, neglecting the top 1 percent of income earners who acquired wealth through sports, music and acting, says NCPA President John C. Goodman.

Farewell Zig Ziglar

Forbes: In his latest Forbes commentary, NCPA Distinguished Fellow Bob McTeer writes about his personal encounter with motivational speaker Zig Ziglar.