For-profits may have incentives to cut corners in pursuit of profits, but this trait is the flip side of valuable characteristics: the inclination to grow rapidly, readily tap capital and talent, maximize cost effectiveness, and accommodate customer needs. Alongside nonprofit and public providers, for-profits have a crucial role to play in meeting America’s 21st century educational challenges.

The following is a summary highlighting testimony by AEI Director of Economic Policy Studies Kevin Hassett to the Joint Economic Committee at a hearing entitled "How the Taxation of Capital Affects Growth and Employment."

This article is the first part of a two-part examination of the contentious issue of how state governments' provision of goods and services to the public should be taxed under a VAT.

For the second year in a row, Rep. Paul Ryan (R-Wis.) has advanced a comprehensive budget plan that would restructure Medicare and Medicaid, repeal the big-spending portions of the Affordable Care Act (ACA), and ultimately resolve the fiscal crisis facing this country. 

When an economic downturn hits, one of the first concerns of policymakers should be getting business investment back on track.  Investment always takes a beating when the economy sours, so supporting private investment should become a top priority.

By next year, about two-thirds of American physicians will be working as salaried employees of large groups and hospitals. This movement has been underway for years. Over the last decade, the number of independent physicians was falling by about 2% a year. But these trends are now accelerating. 

Under the Obama healthcare plan, Medicine is undergoing industrialization as doctors become owned commodities of large hospitals and health plans.

Economists have long argued that significant reforms of personal and company taxation can have large effects on firms’ investment decisions. At some level policymakers themselves have heeded this message. During the 1980s, for example, significant tax reforms were introduced in many countries (see Jorgenson, 1992; and Messere, 1993). During the...