Fiscal Therapy: A Rehab Program for America's Addiction to Debt

2014, William G. Gale

Fiscal Therapy explains the scope and nature of the deficit problem facing the United States and offers sensible, balanced, workable solutions in clear language, drawing on national history, the experiences of other countries, and economic analysis.

  • In the News

    It’s hard to imagine that it’s going to really be that expensive for online retailers to comply with the [“Internet Sales Tax”].

    May 6, 2013, Tracy Gordon, ABC News
  • Interview | NPR

    As 'Devastating' as Sequester is, not 'Immediate Catastrophe'

    March 3, 2013, Thomas E. Mann

  • In the News

    On the environmental objective, certainly we are concerned about greenhouse gas emissions from fossil fuels. But we argue that the best way to address that would be to put a price on carbon, for example through a carbon tax, rather than try to subsidize alternatives. [That]'s much less efficient. The way the [current] rules work, electric vehicle manufacturers can sell credits to other automakers toward their fuel economy standards, so that means that other automakers can sell more polluting cars for every electric car that's sold.

    February 23, 2013, Adele Morris, National Public Radio
  • In the News

    [Virginia Governor Bob McDonnell's] proposal to get rid of the state gasoline tax is unprecedented, that’s for sure. It seems like it would take much longer [to get done] than the time he has left. There’s a lot to chew on.

    January 8, 2013, Robert Puentes, Washington Post
  • In the News

    We should reform the tax system, no question. We are going to need to move beyond the current set of tax instruments to raise the needed revenues—a VAT and or a carbon tax seem like the obvious ways to go.

    November 27, 2012, William G. Gale, New York Times
  • Expert Q & A | Ron Haskins

    The Looming Fiscal Cliff: Little Room for Optimism

    October 17, 2012, Ron Haskins

  • In the News

    Raising for taxes for everyone, and making big senseless cuts would be really stupid policy.

    September 19, 2012, Alice M. Rivlin, Washington Post
  • In the News

    It's not just in the numbers [of where each side would spend, cut or tax]. It's also in the underlying theories of how the world works and what would cure the problems that ail us...If the voters don't see that now, I think by the end of this election they will.

    September 3, 2012, William A. Galston, The Associated Press
  • Interview | PBS NewsHour

    Study Says Romney's Tax Plan Would Most Benefit Wealthy Americans

    August 2, 2012, William G. Gale

View All Research on Taxes ›Show 10 More