Republicans will face a critical test of their unity when a spending bill that would avoid a partial government shutdown and keep federal…
The House of Representatives narrowly passed a budget resolution last month that included a framework for trillions of dollars of tax cuts…
Trying to reduce federal budget deficits by increasing the efficiency of federal operations is an appealing idea. However, greater…
January 6, 2025, Audio: "The 119th Congress is seated and getting on with the business of governing, with tax policy at or near the top of…
Importance: The Inflation Reduction Act (IRA) requires Medicare to negotiate prices for some high-spending drugs but exempts drugs approved…
The outlook for federal debt represents a significant economic challenge for the United States. Economic developments and policy changes…
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Research Summary
The microfinance “group lending” approach has achieved widespread success in promoting high rates of repayment, and thus…
Can taxes on consumption redistribute in developing countries? Contrary to consensus, we show that taxing consumption is progressive once…
Exploiting a new global macro-historical database of effective tax rates, we uncover an intriguing pro-tax-capacity effect of international…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…