Adam S. Wallwork is an attorney in the public finance and tax departments of Ballard Spahr LLP in Washington, D.C. In this article, Wallwork shows how tax reform has affected the municipal bond market and why Republicans should care

EU law is a separate legal framework, different from international law, and integrated into the legal systems of the Member States. The Union's legal framework is based on autonomous legal sources. Different nature of these sources requires the introduction of a hierarchy among them. At the top...

This paper presents the results of an original survey experiment on whether the public prefers “tax expenditures” to “direct outlays” — that is, whether members of the public are more likely to support government spending that takes the form of a tax credit rather than a check or cash....

[Note: For a revised and expanded version of this paper, please see Hidden Foreign Aid, http://papers.ssrn.com/abstract=1044041]Whether the U.S. government should be allowed to claim credit for the private philanthropy of its citizens is a hot topic in today's foreign aid debate. Overlooked in...

When policymakers look to trim fat from the federal government they too often ignore half the problem: the vast and complicated set of spending programs administered by the IRS. These programs are often referred to as tax expenditures, but this paper argues that they should be viewed just like...

The United States Code (Code) is a document containing over 22 million words that represents a large and important source of Federal statutory law. Scholars and policy advocates often discuss the direction and magnitude of changes in various aspects of the Code. However, few have mathematically...

This paper combines unique individual-level information on ballot votes with state-level data on expenditures to provide new evidence on how women suffrage has affected government spending. Using data from the last country in Europe to adopt suffrage, Switzerland, we demonstrate two main...

The Patient Protection and Affordable Care Act of 2010 (“ACA”) requires most Americans to obtain health insurance for themselves and their dependents by 2014. In a recent essay, Professor Douglas Kahn and Professor Jeffrey Kahn take issue with one of several justifications for what has...

Economic analysis of law is a powerful analytical methodology. However, as a purely consequentialist approach, which determines the desirability of acts and rules solely by assessing the goodness of their outcomes, standard cost-benefit analysis (CBA) is normatively objectionable. Thus, for...

This article describes how in the “Fable of the Keiretsu”, Miwa and Ramseyer (M&R) skilfully demonstrate that Ivy League academics, Nobel Prize Laureates, a Pulitzer Prize winner and almost every Japanologist has inaccurately described Japan’s postwar economy. M&R achieve this by applying...