With growing competition from abroad, the U.S. must reform its fiscal policy to reduce debt, maximize economic efficiency — including minimizing the distortions caused by the tax system — and maintain its areas of competitive advantage.

Houston’s pension funds are in financial trouble and pose a significant risk to the financial health of the city. This paper analyzes a subset of the city's pension plans—in particular, what is normally referred to as a defined benefit (DB) plan.

In this working paper, fellow John Diamond and Rice faculty scholar George Zodrow describe the Diamond-Zodrow model, which simulates the macroeconomic effects of corporate income tax reform proposals.

How do dynamic analysis and dynamic scoring affect fiscal policymaking? Fellow John Diamond presents his views at a U.S. Joint Economic Committee hearing.

While the recent fiscal troubles in Greece have received much attention, the U.S. fiscal position is hardly comparable to that of Greece. However, the United States is experiencing, and will continue to experience, one of the fundamental economic costs of relatively large and persistent deficits.

On Feb. 24, 2015, public finance fellow John Diamond testified on tax reform before U.S. Senate Finance Committee.

Public finance fellow John Diamond recently testified before the Texas House Ways and Means Committee on dynamic scoring and analysis use in tax policy.

Public finance fellow John Diamond analyzed the proposed Tax Reform Act of 2014 in testimony before the House Subcommittee on Select Revenue Measures on July 30, 2014.

The positive effects of a corporate income tax reform in the United States might well be enhanced by a simultaneous move to a territorial system coupled with anti-base erosion provisions designed to limit revenue losses; however, the effects of implementing territoriality are tenuous and seem likely to be small in the aggregate. Published by the American Action Forum.

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I. Introduction

Currently, much attention is…