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Making American Companies More Competitive

A "territorial" tax system that taxes only income earned insidenational borders would allow U.S.-based companies to compete on alevel playing field with foreign competitors, particularly ifaccompanied by a significant reduction in the corporate tax rate.If Congress lacks the political will to engage in fundamentalreform, it should at least go as far toward a territorial taxsystem as possible. ....

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Time to Rethink the Disastrous Medicare Legislation

The Medicare conference agreement fails the two criticalrequirements of a responsible drug benefit program for the nation'sseniors.  The original idea underlying this legislation wasnever just about adding drug coverage to Medicare.  It wasabout doing so in a way that would not lead to huge additionalliabilities to future generations, and in a way that would reformthe program so that it could respond to the changing needs of theelderly and disabled.   But the agreement will not leadto that. ....

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