The Basics of the Border Adjustment Tax

Perhaps the most controversial policy proposal in the House Republican blueprint for tax reform is the "border adjustment tax." Also known as a destination-based cash-flow tax (DBCFT), the border adjustment…

The Reality of America’s Finances

When Washington raised the debt ceiling this week, the Beltway media breathlessly reported that the fiscal crisis had ended. Lawyers danced in hallways, bureaucrats twerked on the…

The Government Spending Binge

For most of this year, the talk in Washington has been focused on the debt, the debt ceiling, spending, and tax revenue. Politicians, economists, reporters, and citizens keeps referencing these…