What is tax reform?
That's the Jeopardy-like question matching the answer: "The best step the government could take now to promote growth and employment." The Obama administration has been responding with "What are higher marginal tax rates and more stimulus?" But fundamental tax reform offers three key benefits.

As Washington struggles to find a way to raise the debt ceiling, one piece likely left out of a compromise is the Balanced Budget Amendment. That’s a shame.

The row in Washington over the US federal debt ceiling raises the question of whether we are observing political theatre or a serious struggle with a large and complicated problem. The answer is a bit of both.

Repeated battles over the 2011 budget are taking attention from a more dire problem—the long-run budget deficit.

Divided government is no excuse for inaction.

The bipartisan National Commission on Fiscal Responsibility and Reform, under co-chairmen Erskine Bowles and Alan Simpson, issued a report on the problem in December supported by 11 Democrats and Republicans — a clear majority of the panel’s 18 members.

There's simply no evidence to support the claim that the insured bear the costs of caring for the uninsured. The centerpiece of the court battle over ObamaCare's constitutionality is the law's mandate that most U.S. residents obtain health insurance.

The recent and current upheavals in the Middle East mark a good moment for the United States to rethink its economic aid to the region. Over the past twenty years, the Middle East has been the largest recipient of U.S. economic assistance -- but to what result? From the perspective of promoting local business, American aid has been a failure.

GIVEN the furor from both the left and the right, one would be tempted to think that the initial proposal from the co-chairmen of President Obama’s fiscal commission, Erskine Bowles and Alan Simpson, must offer an excellent starting point for a discussion of deficit reduction.