The Haig-Simons Definition of Income is a widely used and influential definition in tax policy and economic analysis despite criticisms and alternative approaches.

Lower taxes for a better standard of living. Support policies that promote production and benefit the poor. Discover the impact of supply-side economics on personal wealth and retirement.

Explore the shared tax policy views of two popular U.S. presidents, John F. Kennedy and Ronald Reagan, and their belief in the power of lower tax rates for individuals and businesses to stimulate economic growth.

Fortunately, the U.S. government will not default —that is a foregone conclusion. Congress will wait until the last possible moment, but the ceiling will rise and debts will be paid. Let's hope they also stop overspending.