In the short run, the Bush tax cuts were one of the largest and best-timed uses of fiscal policy in history, helping to prevent a much worse downturn (but it would have been better still if the tax rate cuts had been immediate and real spending controls enacted simultaneously to take effect well...

The critics of President Bush’s Social Security reform proposal claim there will be massive cuts in “guaranteed” benefits of 40% or more. That is absurd. Nobody’s benefits need to be cut and nobody’s taxes need to be raised. Current tax rates, given projected economic growth, are sufficient...

The evolution of taxes and government spending will be a primary determinant of whether America remains a successful economy or slides into economic stagnation. The current level of government appears consistent with solid economic growth; a substantially higher tax and spending burden does not...