Daily Policy Digest
Tax and Spending Issues
| U.S. Spending Crisis: Will It Be Remedied? Each dollar of stimulus increases total spending in the economy by less than one dollar, which means that the economic benefit associated with the stimulus is less than the stimulus itself... |
| Federal Small Business Loans Harm Taxpayer Small Business Administration loans, while supposed to help small businesses, have instead become a form of corporate welfare for some of America's largest banks... |
| Tax and Expenditure Limits Are Ineffective In an attempt to rein in their finances, 30 states have enacted limitations on taxes, budgets or outlays since 1978, however these caps are not effective... |
| Gas Tax on Mileage as an Alternative to Current Federal Gas Tax Installing GPS systems in 230 million U.S. vehicles in order to implement a vehicle miles traveled tax could cost up to 33 percent of the revenues generated over a 20-year period... |
| The Need for Balance between Generations According to the latest generational accounting published by the International Monetary Fund in 2011, taxes on future generations would have to increase by 21.5 points to close the fiscal gap, says Laurence Kotlikoff, a senior fellow with the National Center for Policy Analysis... |
| Unlike Boomers, Millennials Appear to Be Super Savers A new survey shows that just under half of Millennials (those ages 19 to 34) indicated plans to rely on public programs for retirement, down from 63 percent of Millennials who said the same in 2011... |
| Why an Internet Sales Tax Would Be Ineffective Imposing Internet taxation would not correctly assess the value of delivering a public service involved in an Internet transaction... |
| The Case for Eliminating Farm Subsidies In 2009, the average net worth of a farmer was nearly $1 million, twice the national average, and average household income for farms was more than $84,000 in 2010... |
| Balanced Budget Amendment Could Reduce National Debt The Compact for America Balanced Budget Amendment would restore some balance back to the system of checks and balances by giving states a say in the federal government's borrowing ability, which undeniably affects the states... |
| Why the Next Farm Bill Should Be the Last Farms account for a small percentage of rural employment and subsidies tend to go to large corporations, which now dominate the agriculture industry... |
