Politics and Investment Options Don’t Mix

In the midst of rightly placed concerns over proposed new Department of Labor (DOL) fiduciary rules for brokers, the DOL has also issued a new interpretive bulletin designed to politicize investment choices.  How so?  As Andy Kessler writes in the Wall Street Journal, a previous 2008 Interpretive Bulletin issued by the DOL encouraged pension fund […]

Welders Do Not Earn More Than Philosophers, But Rubio Has a Point

During last night’s debate, Senator Marco Rubio applied economic principles to numerous subjects including the public school system, higher education and the job market.  In explaining his opposition to free college tuition – which has been championed by Hillary Clinton and Bernier Sanders – Sen. Rubio advocated for increasing vocational training. He stated, “For the […]

Flattening Tax Rates

To date, five Republican presidential candidates have announced tax proposals that have at least one thing in common – simplifying the current tax code. In its most basic form, a flat tax taxes all income once, at the source, at the same rate. While Senators Cruz and Rubio have suggested one 10% and 15% rate […]

In the Minimum Wage Debate, There Is Still No Such Thing as a Free Lunch

The City Club, a progressive advocacy group in Portland, Oregon, recently published a report arguing that the city needs a higher minimum wage than the current state minimum wage of $9.25 an hour.  This will stimulate consumer spending, they say, by putting more money in the pockets of workers.  Additionally, they find that most businesses […]

Trump’s Tax Plan and the Deficit

Structurally, Donald Trump’s tax plan is pretty much like every other Republican tax reform proposal.  Nothing really new or exciting to sink your teeth into.  Fewer individual tax brackets, lower rates, elimination of the Alternative Minimum Tax, a lower corporate tax rate, and elimination of the estate tax.  A little hoopla about repatriating foreign earnings […]

Internet Sales Tax Collection and Small Businesses

When my college roommate asked me to be her maid-of-honor I was thrilled. But with bridesmaids spread across three different states it was impossible to gather everyone together for a fitting. Instead, we used an online boutique to purchase the beautiful lace dresses we wore for her summer wedding.  The online store — which made bridesmaid […]

NCPA’s New DCGE Tax Model

In case you missed it yesterday, we here at NCPA are pleased to announce that we now have a tax model to – well – model taxes!  Developed by Beacon Hill Institute, the dynamic computable general equilibrium (DCGE) model, will measure the impact of tax changes on economic variables such as capital stock, employment and wages. […]

Hillary Clinton’s Corporate Profit-Sharing Plan – It’s Nothing to Get Excited About

The last thing government should ever be doing is providing taxpayer-financed incentives to fix things that aren’t broken.  Among her plans to “help” families, including college giveaways, Democratic presidential candidate Hilary Clinton wants to boost middle class incomes by incentivizing firms to share their profits. Under her profit-sharing plan, which she calls “Raising Incomes, Sharing Profits,” corporations that […]

Administration Efforts to Halt Tax Inversions Fall Short

Tax-driven corporate migration from the United States to countries with more favorable corporate tax regimes (which means just about anywhere else) continue, despite new rules put into effect by the Treasury Department last fall to curtail these so-called tax inversions. Fifty-five U.S. companies have been sold to, or targeted by, foreign buyers since the rules were […]

Congressional Spending Still Runs Amok

In the antebellum south, it is said that a common practice among slaveholders was to give a barrel of salt pork to slaves to divide amongst themselves. This scrambling and fighting for a share of the pork became equated with its political meaning in the early 1870s, according to Wendy McElroy of the Future of […]