A World Without the CBO

A World Without the CBO

The United States has the highest corporate tax rate in the developed world, but federal revenue relative to that rate is among the lowest. As economist Alan Reynolds has pointed out: The U.K. has gradually reduced its corporate tax rate to 20 percent, and revenue...
Watching TV Through Apps

Watching TV Through Apps

As I write this, I’m watching TV. Or am I? I’m not so sure anymore. I’m watching a philosophy lecture (sorry) on a Sony smart TV that I bought last year. But I’m not watching the Philosophy Channel—no, even in our age of hundreds of TV channels, there isn’t one of...
‘Tis the Season for PITFA

‘Tis the Season for PITFA

‘Tis the season when Congress is forced to get around to doing things members were supposed to do months ago. The season of expiring tax provisions, appropriations not yet appropriated, and yet another (yawn) false threat of a government shutdown. This is getting old....
Don’t Bother with myRA

Don’t Bother with myRA

Last week, the Treasury Department rolled out the new myRA retirement accounts with almost no fanfare. And it’s easy to see why: The myRA is a retirement savings policy embarrassment. The myRA is touted as a safe, easy, affordable savings plan for workers. The...