Few realize how bad the federal government's finances are, because most evaluations are based on what happened in the past--not what is likely to happen in the future.

The study of the incidence of the U.S. tax system has a long and impressive history that has proceeded along many different complementary paths.

Few realize how bad the federal government's finances are, because most evaluations are based on what happened in the past--not what is likely to happen in the future.

The establishment of new accounting rules for expensing options would likely do more harm than good.

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.

The establishment of new accounting rules for expensing options would likely do more harm than good.