March 2012 Archives

Pensions and Social Security

This article is from Tuesday's Deseret News

Social Security is in trouble.  While the system is currently generating tax revenue that is approximately equal to the benefits payouts, this will not be the case in the near future.  Many state and local pension funds are in a similar situation.

On Taxes

Published this week in the Deseret News.

Taxes are in the news these days.  Both Rick Santorum and Mitt Romney recently released tax plans as part of their campaigns for president.  And the Obama administration released a new budget proposal for the coming fiscal year that alters some key tax rates.

Taxes are important for a variety of reasons.  Few people enjoy paying them, but they are necessary if the government is going to, in the long run, pay for the goods and services it consumes along with the goods, services and transfer payments it provides to the public.

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Authors

  • Richard W. Evans is an Assistant Professor of Economics at Brigham Young University

  • Jason DeBacker is an Assistant Professor of Economics at Middle Tennessee State University

  • Kerk L. Phillips is an Associate Professor of Economics at Brigham Young University