Daily Policy Digest
Tax and Spending Issues
| 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... |
| Comparing the House, Senate and Obama Budget Plans The House budget would return the level of federal taxing and spending to its long-term average by reducing federal spending increases by cutting $5.7 trillion over the next 10 years, says Peter Ferrara, a senior fellow with the National Center for Policy Analysis... |
| Obama Budget Proposals Raises Taxes on Middle Class For the first time in his presidency, Obama is proposing to raise taxes on people below the $250,000 threshold... |
| Revisiting the High Tax Rates of the 1950s While the top tax bracket faced a marginal tax rate of 91 percent in the 1950s, less than one-tenth of one percent of Americans paid this rate... |
