Three subsidy schemes for income maintenance are analyzed for their static incentive effects on labor supply. A discussion and critique of regressivity in schemes such as the "income-work" subsidy is offered. The dynamic incentive effects, the costs and benefits, and the redistributive patterns...

Reformed taxation of capital gains could play an important role in a broader policy package to improve the simplicity, equity, and efficiency of the federal tax system. Constructive reforms for the United States would draw on Canadian provisions for taxing capital gains: a) eliminate the...