The controversy over the Clean Air Act is worth understanding because it reveals a pivotal development that EPA and the environmental groups would prefer to conceal: the 40-year-old act is no longer a sensible way to regulate large-volume conventional air pollutants such as ozone and particulate matter.

On Sunday, April 1st  2012 the United States will become the developed country with the highest statutory corporate tax rate.  Japan, the previous ‘champion,’ is set to lower their rates leaving America in the top spot.

It’s depressing to watch, but it is missing the point that the Volcker rule would not have prevented the loss and is probably unworkable.

The banking industry suffered credit crises in the 1970s, 1980s, 1990s, and 2000s. An unavoidable conclusion is that its loan loss reserves were in all cases too small. 

The trustees report from the Center for Medicare and Medicaid Services out Monday uses strong language to describe the uncertainty of its predictions in both the short- and long-term for the medical insurance program aimed at America's seniors.

With 48.3 million people covered by Medicare in 2011 -- and...

April 1 may be a day for jokes, but on Sunday Japan ceded to the United States a distinction that is no laughing matter: the highest combined statutory corporate tax rate (state, local, and federal) in the developed world.

On Wednesday 8, 2012, the House Committee on Ways and Means held a testimony on "The Interaction of Tax and Financial Accounting on Tax Reform." Here, Aparna Mathur contributes to their discussion.  

President Obama’s budget speech on Monday expanded on the theme of economic “fairness,” like his State of the Union speech in January. He lectured Americans that if critical steps are not taken, the rise of the middle class will be threatened and disparities between the rich and the rest will...