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This article argues in favor of the elimination of so-called corporate welfare, or subsidies given to businesses by the federal government, in the United States. A forthcoming paper by Stephen Slivinski of the Cato Institute lists $87 billion of corporate welfare in this year's budget. And corporate-welfare spending is growing, and has increased by 30 percent since 1997. Different groups had different views on corporate welfare. Conservatives argued that most tax breaks could not be counted as welfare. According to them, letting companies keep more of their profits was not the same as giving them taxpayers' money. Since 1995, opponents of corporate welfare have tried to eliminate the Advanced Technology Program. U.S. President George W. Bush wants to eliminate the program, but so far his proposal is going nowhere.

The article discusses the establishment of the Council on Competitiveness, chaired by U.S. Vice President Dan Quayle, to continue the deregulatory efforts of the Reagan Administration. One of its primary goals was to assess the effects of deregulation. In 1991, a paper was drafted and positioned to become a key element of the administration's economic agenda. Its release was delayed and Jim Tozzi, formerly of the Office of Information and Regulatory Affairs, notes that a lot of the substance discussing a course of action seems to have been stricken. By the time of its release, little enthusiasm for its contents remained.

In the article, the author discusses the government policies that would adversely affect the American working class. Other topics include how the economic policies of former U.S. President Donald Trump like reforming the corporate tax code and reducing the statutory corporate-tax rate and his economic nationalism and populism did not positively affected the workers, and how Trump's trade restrictions were also detrimental to the workers.

This article comments on a paper by William R. Hawkin, a U.S. professor, about his analysis of economic problems in the U.S. Hawkin pointed out that performance in the mature industrial economy, even when overall macroeconomic policy is right, is far from optimal. He views that this must be corrected by deliberate planning and policy by the government. Hawkin argues that the present economic recovery, based on a greatly relaxed monetary policy and on a level of Keynesian deficit financing, will still leave a substantial amount of unemployment in the communities that have depended on the older mass-production and process industries.

The article reports that the Association of Western Pulp and Paper Workers has questioned the legality of U.S. President Jimmy Carter's anti-inflation program. The union has accused the U.S. administration of violating the National Labor Relations Act. The union's lawyer claimed that Crown Zellerbach Corp., was advised by the Council on Wage and Price Stability to not give its striking workers the same wage increases that other unions in the industry had already received.

Analyzes the land reform program in El Salvador with major backing from the United States government. U.S. ambassador to the United Nations, Jeane Kirkpatrick's views about the involvement of the U.S. to the El Salvadorian land reform program; Problems associated with the land reform in El Salvador; Political case for land reform in El Salvador; Reasons behind U.S. Conservatives' opposition of the Reagan administration's support of the land reform program in El Salvador.

The article argues for the privatization of the Social Security system in the United States. Social Security privatization is becoming a major political issue in the country. Jack Kemp, a Democrat who run for presidential nomination in 1988, initially opposed the idea of privatizing the Social Security. Now, Kemp has joined other Republicans in calling for the privatization of Social Security. There are at least two fiscal realities that support for the privatization of Social Security. Liberals are alarmed by the prospect of privatization and there are expected to mount a determined opposition against any move at privatization.

The article looks at the policies surrounding the North American Free Trade Agreement (NAFTA). The goal of NAFTA is to reduce tariffs among Mexico, Canada and the U.S. over a period of years. It would make it easier to trade goods across national borders and increase economic efficiency in North America. Also, NAFTA comes with agreements on labor and the environment as well as with import surges. However, these additional agreements were not made public until September 1993, by which time, all politicians had declared for or against the treaty. Representative Dick Armey, who is a supporter of the agreement, said that he had not actually studied the legalese, but was relying on Joint Economic Committee staffer Edward Hudgins, who was aware of the policies.

The article discusses the history of the presidency of Ronald Reagan in the U.S. From 1992 to 1990, the U.S. experienced straight months of economic growth and almost 20 million brand-news jobs were created. Inflation and interest rates fell to low levels. Government expenditures nearly doubled. Reagan himself was a pretty good economist. He majored in economics in college and studied economic policy. But the driving force behind Reagan's economic policy was the large group of economic experts he assembled in 1980. INSET: Untitled (quote), by Stanley Greenberg..

The article argues that the economic policies presided over by former U.S. President Ronald Reagan were stunningly successful--except to informed opinion, as represented by the academy and the major media. From 1980 to 1989, all income groups experienced significant income gains, despite the 1981-1982 recession. With millions more families earning much higher incomes, it required much higher incomes to make it into the top 5 percent or top 1 percent, which accounts for the illusion that such top groups experienced disproportionate gains.

Presents information on various economic and political developments from around the world. Concern shown by Senator Richard Nixon toward disrespect for law and race turmoil and disenchantment with the cause of civil rights due to growing violence; Arguments between Mayor Sam Yorty of Los Angeles and Senators Robert Kennedy and Abraham Ribicoff about big city problems like rioting; Distrust toward British Prime Minister Harold Wilson's economic policy; Reason why Brazil has clamped a one-year moratorium on all wage increases.

Focuses on the federal expenditures in the U.S. View that those people who have been troubled by the explosive growth of governmental activities in recent years and by the threat they pose to the freedom and responsibility of the individual can relax; Claim that people have all been mistaken and government is not really growing when one views it in meaningful terms; Comment on the speech of U.S. President Lyndon Baines Johnson to the Committee for Economic Development; Information that ten years ago there was one person on the public civilian payroll for every eight in private employment and today that ratio is down to 1:6.3.

Points out that the greatest single challenge facing the new citizens' activist movement in the U.S. is the re-establishment of involved citizenship as everyday behavior. Need for an outpouring of civic energy and commitment to bring about substantial reform; View that only millions of engaged citizens can develop the new approaches that will combine better preventive medicine, home-based services, and user-friendly technologies.

Questions the premises of optimism toward the economy of the U.S. as of August 1956. Definition of inflation; Reason that a change in money supply does not improve the economy; Ways in which people can acquire money on the free market; Reason for the urge of economists for governmental stabilization of the price level.

The article presents a focused discussion on the impact of tax cuts on business in the United States. Several topics are discussed in the article including the opposition of the business sector to cuts in individual tax and tax rates for workers, the significance of a supply-side monetary policy, and the failure of monetarism.

The article presents commentary on the difficult tasks ahead for United States Treasury Secretary W. Michael Blumenthal. The author believes that Blumenthal is having a difficult time managing the budget deficit. Several of Blumenthal's comments about the Federal deficit are challenged by the author, especially regarding interest rates and private investment.

The article argues against the many proposals for credit allocations under consideration in the United States Congress. Credit allocations would impose substantial costs on the economy and they are inferior to direct subsidies and explicit taxes. A credit allocations system can work in the short run, but it does not work in the long run and would have little effect on the way credit is actually distributed.

The article presents the author's opinions regarding the foreign relations between the United States and China. U.S. President Bill Clinton's trip would be the first visit by an American President to China in this decade. According to Clinton, the alternatives to his agreeing to make this trip were isolationist. The U.S. has hardly been isolationist in its economic dealings with China. In 1997, the U.S. imported approximately 62 billion dollars worth of Chinese products. That year the Chinese imported about 13 billion dollars worth of American products.

The article offers a look at the economic policy of Hong Kong, China. To determine which values are virtues and which are vices in determining economic policy for a nation, the author presents an experiment thrown up by nature provided by Hong Kong between the end of World War II and this past July, when Hong Kong reverted to China. In this experiment, Hong Kong represents the experimental treatment; Britain, Israel and the U.S. serve as controls. Israel followed a socialist policy and Hong Kong a free-market policy. The author observes that the real lesson of Hong Kong for the U.S. is that the U.S. is using its resources inefficiently.

The article discusses the division among Conservatives in the U.S., in relation to dealing with China as of May 1997. Several matters relating to China is causing dissension among the conservative community, matters such as, the country's economic growth, her sharpening despotism, the country's rearmament, and the scheduled re-annexation of Hong Kong. The matter of trading with China is of primary importance in the U.S. Congress. According to the author, the government should focus on expressing its contempt for and hatred of religious and other persecution in China.

The article discusses the basic principles of the public choice theory and how it can explain congressional votes on the North American Free Trade Agreement (NAFTA). The public is confused over the arguments and contradictory statistics about the alleged risks or benefits of NAFTA. It is assumed that the U.S. Congress makes decisions on trade policy on the basis of public interest. Because of these assumptions, the proliferation of trade barrier was puzzling to economists. One of the principles is that small groups exploit the large. Small interests in the labor market have a disproportionate influence on the U.S. Congress. Another principle is that it takes time and money to be informed, and trade policy is more detailed and complex. This principle, together with the first one, implies that voters should be suspicious of any individual or group that claims to represent consumers in legal matters.

The article criticizes the proposed budget legislation of U.S. President Bill Clinton endorsed by U.S. Representative Bill Richardson (D-N.M.). The bill would not totally resolve the government's problem with deficit. The previous budget accord of U.S. President George Bush in 1990 would have done the same job, with the deficit cut by $496 billion. The Clinton proposal would only cut the deficit a bit smaller than this figure. But in effect, the proposal under Clinton's administration entails penalizing the middle class and those sector that creates job, through higher income taxes. In the end such income tax increases would not result into a $115 billion collection as envisioned by the bill. The reasons: rich people do things differently when taxes are raised.

The article argues that economic growth under U.S. President Bill Clinton from 1993-1994 can only be temporary, and can only result to stagflation from 1995-1996. An expected increase in income and business taxation and the high-spending fiscal plan of the administration will affect the economic growth. Already, Senators Boren and Nunn are ushering the early sign of the stagflation, by insisting on a July 1, 1993 effective implementation date of tax increases.

Focuses on the proposal of Republican representative Newt Gingrich to implement tax cuts as a way of stimulating economic growth. Reduction of capital-gains tax rate and the revival of individual retirement accounts; Consideration for the economic conditions of the country when implementing tax cuts; Bipartisan agreement on economic policies.

Focuses on the political and economic situation in the Dominican Republic. Comment on the political stability and economic progress when General Rafael Trujillo assumed power in the Dominican Republic; Information that the economy of the Dominican Republic is crumbling and its currency is also sliding downward in exchange markets; Information on Venezuelan President Rómulo Betancourt relations with Trujillo; Report that the U.S. ships and planes took openly threatening station just off the Dominican coast to force the evacuation of the last of the Trujillos; Comment that the Dominican Republic had been consistently pro-U.S. and anti-Communist in its international military, political and economic policy.

Reports on the status of American dollar in the international market, as highlighted in the International Monetary Fund (IMF) conference held in Vienna, Austria. Impact of the U.S. Administration's constant upward revisions of its estimates of domestic deficits and international payment imbalances on the dollar; Forecasts for the deficit and payments outflow of the nation; Reasons why the U.S. proposed that the IMF members loan $5 billion worth of their currencies to the IMF; Factor responsible for the general reluctance of European nations to proceed much further in supporting the dollar.

Focuses on the role of the U.S. federal government in aiding states with low per capita income. Formula suggested for determining the economic standing of a state; Details of several proposed tax reforms.

Deals with the reaction of conservatives to the economic policies developed by the administration of U.S. President Richard Nixon in 1971. Impact of the policy on the social welfare expenditures of the country; Implications of the policy for the communications industry in the republic; Effects of the policy on the inflation rate in the country.

The article looks at differences in the economic policies of left and right-wing politicians in the U.S. Using the motion picture "The Odd Couple" as a metaphor, the article argues that politicians on the left do not consider the source of funds when implementing social programs for education, welfare, and benefits.

The article discusses a study that set out to discover why the United States does not have a large welfare state. The study, which was conducted by economist Alberto Alesina, Edward Glaeser, and Bruce Sacerdote, uncovered a striking difference between Americans and Europeans. The authors also found that large welfare states emerge in countries where citizens generally believe luck determines income.

Comments on political developments in the U.S. as of March 8, 1985. Minimal time devoted in U.S. president Ronald Reagan's state of the union address to Senate Majority Leader Bob Dole's economic austerity program; Reaction of the Washington press corps to the appointment of conservative columnist and broadcaster Patrick J. Buchanan as White House Director of Communications.

The article looks at issues related to taxation in the U.S. as of June 1997. Social conservatives resent the importance of the business elite in reducing estate taxes. Many pro-family would forgo lower tax rates to be able to get the $500 per-child tax credit. Since 1987, the $600,000 exemption has been in place. Fifty four percent of the estate-tax returns filed in 1995 were from estates that have less than $1 million in value. Marginal tax rates range from 37 percent on the first dollar to 55 percent on taxable amounts. However, the tax does not generate more money for the government. According to economist Douglas Bernheim, the income lost from avoiding estate taxes may exceed the amount collected. Other economists considered the disincentives facing high-income people whose reason for working is to leave a large estate for their children.

The article discusses issues related to the North American Free Trade Agreement (NAFTA). There are several concerns regarding NAFTA, including its effect on the U.S. industry. Concerns are also raised regarding the benefit of NAFTA to the U.S. economy and consumers. Debates are on going for the supporters and opponents of NAFTA. The "National Review" is committed to present to the public the answers to questions about NAFTA. Only then will it be able to make its own position on whether it will support or oppose NAFTA.

Comments on several financial issues that may pose potential federal liabilities to the U.S. government in 1990. Pension Benefit Guarantee Corporation; Federal mortgage insurance; Federal pensions.

Focuses on various political developments from around the world. Evaluation of former U.S. President Ronald Reagan's administration; Reason for media hostility to Reagan administration; Observations on Reagan's contribution to the vetoes run up by the U.S. Presidents; Comparison of U.S. President George Bush administration's cabinet with that of Reagan's; View that tensions between the U.S. and the Soviet Union could end only after the Soviets free Eastern Europe; Adoption of free-market economic policies by President of Afghanistan Mohammed Najibullah regime in Kabul, Afghanistan.

Discusses matters related to U.S. foreign aid programs as of April 1958. Reasons for the interest of companies, unions and law firms in foreign aid programs; Views of Reverend Richard Ginder on U.S. foreign aid; Information on Liberty Lobby which is established to represent the average U.S. citizen.

Comments on Walter Reuther's speech at the University of Texas wherein he announced the report of the Economic Policy Committee of the American Federation of Labor-Congress of Industrial Organizations, which he heads. Information on the Committee's program of economic action; Significance of the program.