Federal legislation to legalize, regulate, and tax cannabis could have significant impacts on the federal budget. While the specific details of any potential cannabis legalization legislation are unknown at present, such reforms are likely to affect both tax receipts and federal outlays through...

Alex Brill and Scott Ganz estimate per-capita state-level and county-level non-mortality and total economic burdens of the opioid crisis in 2015.

This report investigates the impact of a revenue-neutral carbon tax whereby revenues raised from a $25/ton carbon tax are used to reduce the tax rate on wage income by a commensurate amount. Recognizing that such a reform is not revenue-neutral for every single taxpayer, nor even revenue-neutral...

We use prediction market data from Betfair, the world's largest Internet betting exchange, to measure the electability of 2016 Presidential candidates using regressions that compare the general election contest and party nomination win probabilities for each candidate. A candidate who is more...