Hoover Institution fellow Alice Hill discusses how to prepare for and how to spend our money wisely before and after disasters.

If the administration and Congress drop the income tax, it won’t be difficult to achieve 3% growth.

Trade and immigration are good for the U.S. economy. Free trade allows Americans to buy better goods at lower prices and provides bigger markets where we can sell our own goods. More immigration leads to economic growth and improvements in our standard of living. The logic that isolation and protectionism will create more American jobs is misguided and detrimental to economic growth.

The Republican Party’s leaders in the United States House of Representatives have been hard at work for more than a year designing a major reform of personal and corporate taxes. This reform will be very different from the last major tax overhaul enacted back in 1986. The Tax Reform Act of 1986 focused on the personal income tax, lowering the top rate from 50% to 28% and cutting rates for lower-income taxpayers. The revenue loss was offset by changes in tax deductions and other accounting rules, producing a reform that was revenue neutral at each income level, even without taking into account the effects of lower tax rates on increasing economic growth and taxable incomes.