In this Bloomberg op-ed, Amity Shlaes says that the Democratic Party must decide which is more important-its eagerness to trash the Bush-Reagan tax legacy, or its eagerness for recovery. The planned tax increases would diminish the effect of the billions planned for infrastructure, just as tax increases undermined the Public Works Administration or the Works Project Administration in the 1930s.
In this Bloomberg article, Amity Shlaes argues that John McCain’s fiscal program may look expensive on paper but it will provide a valuable infrastructure that will shore up the American house in ways that will prove more than worth it later.
Authors: Scott D. Dyreng, Michelle Hanlon, and Edward L. Maydew
Scott D. Dyreng, Michelle Hanlon, and Edward L. Maydew say they have developed a measure to investigate the extent to which some firms are able to avoid taxes over periods as long as ten years, and how predictive one-year tax rates are for tax avoidance in the long run.
Authors: Satoru Kasahara, Sergey Paltsev, John Reilly, Henry D. Jacoby, and A. Denny Ellerman
The MIT Joint Program on the Science and Policy of Global Change reports that the full utilization of international emission trading by Japan reduces the carbon price, welfare loss, and impact on its energy-intensive exports.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.