A National Sales Tax Is a Terrible Idea

A small minority of House Republicans can force a vote on creating a national sales tax. It will give Democrats a needless political cudgel in exchange for a flawed bill with no hope of passage. The Fair Tax Act has been introduced by a small handful of Republicans in every Congress since 1999. The bill … Read more

America’s Retirement System Is Broken. This Economist Is Trying to Fix It.

Economist Alicia Munnell tells America it has had a retirement problem for decades, and by most measures it has gotten worse. The Center for Retirement Research at Boston College, which she directs, calculates that half of households will have a reduced retirement because they haven’t saved enough. But unlike some economists and researchers who want … Read more