Proponents of the Affordable Care Act have pointed to the Congressional Budget Office s cost estimates to support their argument that the law will result in lower federal budget deficits in the future. Much less is said about the reasons for this forecast. This paper explains that the primary...

Recognizing the unsustainable fiscal outlook facing the United States, the authors present a plan to constrain the growth of federal spending and reform the tax system to promote economic growth. The plan replaces the income tax system with a progressive consumption tax, eliminating the bias...

Our country faces a serious fiscal crisis. According to President Obama's National Commission on Fiscal Responsibility and Reform, the nation is on an unsustainable fiscal path, with spending well above tax revenue. The Congressional Budget Office projects that, under current policies, federal...

The Department of Health and Human Services recently finalized a regulation requiring drug manufacturers to offer rebates directly to consumers rather than paying rebates to insurers providing benefits under Medicare Part D. Both the current and incoming administrations support tying Medicare...