This paper reviews changes in the federal government's approach to antipoverty policy, analyzes the trend in child poverty and the antipoverty impacts of current income maintenance programs, and proposes some additional antipoverty policies. No single program or policy can meet the needs of the diverse poverty population. There is now greater variation in economic status among children and amon...

Little undermines the case for a market economy more than the perception that there is injustice in the rewards that it generates. In that sense, the recent financial crisis is a body blow, and has spawned a series of noisy but so far largely ineffectual campaigns for radical change from the Left (e.g., the Occupy Wall Street movement). But the greatest clamor for reform should come from those ...

The Taxpayer Relief Act of 1997 (TRA97) significantly changed the tax treatment of housing capital gains in the United States. Before 1997, homeowners were subject to capital gains taxation when they sold their houses unless they purchased replacement homes of equal or greater value. Since 1997, homeowners can exclude capital gains of $500,000 (or $250,000 for single filers) when they sell thei...

I propose a Schumpeterian analysis of the e¤ects of a de…cit-…nanced cut of the tax rate on distributed dividends. I develop a very tractable model that allows me to study analytically transition dynamics and welfare, and complement the qualitative results with a quantitative assessment of the Job Growth and Taxpayer Relief Reconciliation Act (JGTRRA) of 2003. I …nd that the JGTRRA produces low...

John Malcom directed the Student Union plant sale held in LaFortune last week, [photo by Bob Gill] WASHINGTON [AP] Liberal tax activists, facing a heavy sched­ ule of Proposition 13-style initia­ tives and referenda on Election Day next month, are vowing to wrestle the tax issue from conservatives. Their battle cry is a call for “ tax justice,” essentially an increase in corporate tax collectio...

LISBON—Non–small cell lung cancer (NSCLC) accounts for some 80% of cases of lung cancer,1 which remains the leading cause of cancer death in the United States. Patients with NSCLC usually present with stage III or IV disease; because of the prevalence of advanced stage at presentation, end points for clinical studies include survival benefit, relief of symptoms, and quality of life (QOL) as wel...

While economic deterrence models are fully based on maximizing economic utility; social psychology models explain human behavior by examining the underlying attitudes, norms and beliefs. Tax morale is defined as the intrinsic motivation to pay taxes. However, determinants of tax morale need to be investigated for a more comprehensive understanding of tax morale. In this paper we analyze the mos...

The OASI eligibility provisions include a retirement test (or earnings test), and in 1979 aged beneficiaries who are under age 72 give up $1 in current benefits for each $2 of annual earnings above $4,500. If the retirement test were eliminated, total OASI payouts would increase because aged workers would no longer forfeit benefits. Aged workers also might increase earnings or delay retirement ...