The supply-side framework outlined in this paper does not include all the effects of taxation that economists would like to examine. Depending on one's perspective, the glass could be considered half-full as well as half-empty. But if the only "dynamic" thing the Joint Committee on Taxation did was to incorporate the detrimental effects of federal deficits on capital formation, this would be more than worth the effort.
America's workers deserve a more informative debate on SocialSecurity reform than they're getting. Personal retirement accountscan address the impending insolvency of the system and improveretirement incomes to help close the gap between the paymentspromised by the system and the amounts that it is able to pay.
Current immigration practices, both legal and illegal, operate like a system of trans-national welfare outreach bringing millions of fiscally dependent individuals into the U.S.
President Donald Trump’s proposed budget for fiscal year (FY) 2021 proposes to significantly reduce the size and reach of the federal bureaucracy by focusing federal activities on constitutional priorities and empowering state and local governments to address other issues closer to the people. Such reforms would have put the budget on track to balance, before exceptional measures to respond to COVID-19 (a disease caused by the novel coronavirus that originated in China) led to a steep and sudden economic decline and a massive increase in deficits.