Economy

Adam Smith was born in Kirkcaldy, Fife, Scotland in 1723. In 1751 he was appointed professor of logic at Glasgow University, delivering lectures in ethics, rhetoric, jurisprudence, and political economy.

Although he lived in the 1700s, Adam Smith is still known and revered today for his work on free-market economics, including taxation.

Managing Editor’s Note: On September 17, 2003 the U.S. House of Representatives approved H.R. 49, the Internet Tax Non-Discrimination Act, to permanently ban Internet-only taxes.

According to the National Association of State Budget Officers, the state of Washington opened its 2003 fiscal year with a $1.6 billion deficit--less than the $2 to $3 billion deficit it was projected to have, but a substantial deficit nevertheless.

The U.S. Senate confirmed Mark W. Everson on May 1, 2003, as Commissioner of the Internal Revenue Service. Everson is the 46th commissioner since the agency was created in 1862. President George W. Bush appointed him to a five-year term.

The Justice Department’s decision to continue to pursue the Clinton-era civil suit against the nation’s largest tobacco companies represents poor legal thinking and questionable economic policy, according to analysts at the Institute for Research on

California’s October 7 recall election turned the eyes of the nation to the state’s economy and its tax system.

Voters in Seattle, Washington rejected a 10 cent per cup tax on upscale coffee--by a resounding 68-32 margin--on September 16.

Voters in Baraboo, Wisconsin, a small town with a population of roughly 11,000 located in south central Wisconsin, overwhelmingly rejected a referendum on September 9 that would have increased local property taxes in order to give the school district a

From Seattle to Atlanta to Sioux City, federal largesse has generated an intense debate about whether urban rail “works.” For those who believe the standard should be traffic reduction, the answer is a clear “no.

Now that President George W. Bush’s tax and growth program has been signed into law, it’s time to debunk many of the myths spread by the opponents of tax-reduction policies.

Heartland in Print Chicago Sun-Times September 2, 2003 circ.

There was a transport dimension to Blackout 2003.

In February, the Santa Fe City Council approved the nation’s only municipal minimum wage. The law, drafted in large part by the left-leaning Brennan Center for Justice at New York University, will raise the hourly minimum wage in Santa Fe to $8.

Leading scientific academies in Britain and France have expressed support for a multinational World Trade Organization suit against the European Union’s ban on genetically improved crops.

More than 4,000 international scientists have signed an endorsement of genetically improved crops, a panel of scientists announced at a May 13 press conference.

On Wednesday, June 25, 2003, the American Enterprise Institute will host an afternoon conference addressing the topic "Can Smokeless Tobacco Reduce the Health Consequences of Smoking?" The program begins with registration at 1:15 p.m.

TAX CUT WORKING GROUP A Coalition for Lower Taxes and Limited Government May 1, 2003 Hon. William M. Thomas United States House of Representatives Washington, DC 20515 Dear Congressman Thomas: Soon you will be fashioning a tax reduction bill.

Federal regulators on April 1 imposed controversial new restrictions on light trucks, vans, and SUVs, mandating a 1.5 mile per gallon increase in fuel economy. Under the new standards, auto manufacturers must achieve a fleet average of 22.

Federal regulators on April 1 imposed controversial new restrictions on light trucks, vans, and SUVs, mandating a 1.5-mile per gallon increase in fuel economy. Under the new standards, auto manufacturers must achieve a fleet average of 22.

I am writing to strongly endorse the appeal-bond reform movement that has resulted in reforms in other state legislatures and has become a major issue here in Illinois following the Price v. Philip Morris decision on March 21.

Chicago, IL – One of the most popular economic development tools in municipalities across the country, tax increment financing (TIF), often does not work, according to a new study.

How would you feel if you bought a fancy new DVD player for Christmas, only to find the next day the same store was selling another DVD player just as good--but at one-fourth the cost?

Chicago, Illinois: Fed up with the complexity of zoning ordinances and various other land use restrictions already in existence, and a new raft of rules handed down by the state government, elected officials in Habersham County, Georgia, took a radical