by Alex Engler In the past year, the United States government spent every penny that it collected. Then it went on to spend an additional $1.1 trillion, generating a deficit equivalent in value to everything produced in Mexico during that same year. Although the fiscal 2012 deficit fell to 7.3 percent of GDP, down from […]
We’re Doing It Wrong – Corporate Taxation in the United States
By Alex Engler Senator Max Baucus [D-MT] made some noise this week when he announced that he had turned his attention to an overhaul of the United States tax code. Not only is the Chairman of the Senate Finance Committee going to address the systemic problems facing the nation’s revenue machine, but he is going […]