It is generally recognized that, in the absence of policy changes, the U.S. faces a long-term fiscal challenge. But, as a result of the 2007-09 recession, the U.S. is currently facing an unemployment crisis — the unemployment has been above or near 8 percent since February 2009. Furthermore,...

Adoption of fiscal rules and fiscal councils continued to increase globally over the last decades based on two new global datasets. During the pandemic, fiscal frameworks were put to test. The widespread use of escape clauses was one of the novelties in this crisis, which helped provide policy...

Federal tax law has long provided a tax benefit for charitable contributions of easements for conservation purposes. A fundamental problem with this conservation easement tax expenditure is that the measure for the tax benefit – lost economic development value – is erroneous. Use of such an...

When policymakers look to trim fat from the federal government they too often ignore half the problem: the vast and complicated set of spending programs administered by the IRS. These programs are often referred to as tax expenditures, but this paper argues that they should be viewed just like...

An Abuse-of-Crisis Prevention Act to reaffirm boundaries of politicians and the legislation they can pass has become necessary to the survival of limited government, given the routine “flash policy” responses to crises - including the 2008 financial crash and the COVID-19 pandemic. Excessive...

Spanish Abstract: Este documento busca identificar las variables financieras que explican la situación de fracaso empresarial de la pequeña y mediana empresa (pyme) en Colombia. Para alcanzar este fin, se tomaron los resultados financieros de todas las empresas que están obligadas a reportar...

Since the birth of world wide web and social media, more and more citizens around the world are joining the political discussions over the internet. Political scientists have found that many political discussions on the internet are not very productive, and political opinions in many countries...