The most significant event of President George W. Bush’s second term (thus far) has been the defeat of the Comprehensive Immigration Reform Act of 2007 (S.1348). This bill was initiated by President Bush in collaboration with the Democratic congressional majority, over the opposition of the Republicans and a few rebellious Democrats. The real winners of...

The severity of the ongoing decline of U.S. manufacturing has placed our prosperity and national security in jeopardy. A principal cause of this crisis is the federal tax code, which currently imposes multiple layers of progressive taxation on U.S. goods. The result, as many economists acknowledge, is crippling: a double taxation of savings for investment...

The recent U.S. recession, if judged by its effect on total employment, was the shortest and mildest of the post-World War II period. In the six months from the peak of July 1998 to the low of January 1999, employment declined by only 1.43 million workers, and, by May 2004, 7.5 million additional workers were...