Articles Posted in Tax and Economics

George Washington law professor and economist Neil H. Buchanan explains how Donald Trump’s recent comments about the federal debt reveal that he is even more irresponsible—though only slightly—than the Republican establishment on this issue. Buchanan describes the problems with repudiating the debt as Trump suggests the government do.

Chapman University Law professor Ronald Rotunda comments on the law in a majority of states requiring car manufacturers to sell through dealers. Rotunda argues that Tesla Motors’ direct-to-consumer model is an excellent opportunity for the state and federal courts to invalidate laws such as these that exist only to favor entrenched economic interests.

Neil H. Buchanan, a law professor and economist at George Washington University, praises a bill proposed by Senator Elizabeth Warren that would simplify the filing of taxes. Buchanan explains why filing should be much simpler than it is and also why efforts to simplify the process have, to date, failed.

George Washington University law professor and economist Neil H. Buchanan explains why, contrary to claims by Republicans, Social Security is not on the brink of bankruptcy or insolvency. Buchanan points out that even in the unlikely event of the worst case scenario—where the Social Security trust fund reaches zero—retirees would still receive modest benefits.

George Washington law professor and economist Neil H. Buchanan explains why Hillary Clinton and Bernie Sanders are both correct about international trade. Buchanan points out that there is no single set of policies that deserves to be called “free trade,” and thus that the term is incoherent.

George Washington University law professor and economist Neil H. Buchanan argues that Social Security will still be there when today’s youth retire, despite claims to the contrary by Republicans and the media. Buchanan explains the key difference between the Social Security trust fund and the Social Security system generally.

In this first of a series of columns evaluating presidential candidates’ claims of being moderate, George Washington law professor and economist Neil H. Buchanan argues that Marco Rubio is extremely conservative on both social and economic issues. Buchanan points to Rubio’s position on such social issues as reproductive rights, same-sex marriage, gun control, and economic issues such as tax policy and the federal budget.

George Washington law professor and economist Neil Buchanan explains how the ways in which Baby Boomers have positively and negatively shaped the world for Millenials. Buchanan points out that Baby Boomers actually did well in some of the areas for which Millenials criticize them, though they also fell short in other areas.

George Washington law professor and economist Neil H. Buchanan cautions against responding to terrorism by reflexively spending on security and military. Buchanan argues that such rash decisions can lead to high human and economic costs.

George Washington law professor and economist Neil Buchanan explains why budget deal that temporarily addresses the debt ceiling issue is really a time bomb that will go off on the next president, if he or she is a Democrat.

George Washington law professor and economist Neil H. Buchanan describes the easiest solution to the debt ceiling crisis: for House Republicans to repeal or increase the debt ceiling rather than using it for opportunistic purposes. Buchanan then goes on to explain what the president should do to avoid financial crisis even if House Republicans do not provide this solution.

George Washington law professor and economist Neil H. Buchanan describes how Donald Trump’s comments about taxes and the national debt reveal that he is hardly any different from the other Republican candidates. Buchanan argues that, in fact, Trump is in line with mainstream Republican with respect to his views on taxes.

George Washington law professor and economist Neil H. Buchanan describes two cynical tactics by House Republicans to win the political debate over the debt ceiling: (1) redefining what it means to default, and (2) singling out the rich and Social Security recipients to receive their payments in full in the event of government default.

George Washington law professor and economist Neil H. Buchanan discusses a topic that is gaining traction among Democrats in Congress and across the country—the suggestion that retirement benefits paid by Social Security be increased.

George Washington law professor and economist Neil H. Buchanan debunks some of the Social Security myths spread by many conservative politicians. Specifically, Buchanan makes the following arguments: (1) Social Security is not a Ponzi scheme, (2) Demographics will not overwhelm social security, (3) the Social Security trust fund is more than simply “worthless paper” and we are not better off investing it on our own, and (4) Social Security will not go broke in the coming decades.

In this second of a two-part series of columns, George Washington law professor and economist Neil Buchanan explains how the German-led policy regime is likely to hurt not just Greece’s people but also people elsewhere in the world. Buchanan also describes how the arguments from German policymakers amounts to blaming the victims of the very policies they imposed upon the Greeks.

In this first of a two-part series of columns, George Washington law professor and economist Neil Buchanan explains why the situation in Greece is economically simple but politically nasty.

Chapman University law professor Ronald Rotunda calls for the end of the Export-Import Bank. Rotunda describes the Bank as a symbol of corporate welfare and government waste and highlights some of the ways in which the Bank is a drain on the American economy.

George Washington law professor and economist Neil Buchanan shares some good news about the living standards of recent retirees and argues that this news should serve as a reminder that there is a way to allow large numbers of people to go through their working lives, and then to live modest, comfortable retirements.

George Washington law professor and economist Neil Buchanan dissects former Florida governor Jeb Bush's statements regarding raising the age of retirement and Social Security.