Daily Policy Digest
Tax and Spending Issues
|The IRS: A Federal Welfare Agency
Handouts, such as tax credits and Obamacare exchange subsidies, quadrupled from $30 billion in 2000 to an estimated $121 billion in 2015...
|The 114th Congress Should Reform Tax Policies Soon
Congress can pass legislation this year that would make a significant difference in the lives of Americans...
|Obama and Members of Congress Want Unrestrained Discretionary Spending Power
The budget deficit fell from the towering heights of more than $1.4 trillion of red ink in 2009 to less than $500 billion in 2014...
|The Lee-Rubio Tax Plan: A Step in the Right Direction
The Lee-Rubio tax plan would reduce the complexity of the tax system and eliminate taxes on the productive activities of saving and investment...
|The Business License Fee Proposal in Nevada Is Not Wise
The Business License Fee proposal projects to raise $438 million in additional revenue over the biennium, primarily to fund Governor Brian Sandoval's (R) proposed expansion of education spending...
|Debate on Texas' Recent Tax Cut Package
For the sake of Texans' opportunity to prosper today and in the future, particularly the working poor, this is the moment in the state's history to put the margin tax on a path to elimination...
|New Rules Introduce Dynamic Scoring to Tax Law
If the government increases the tax rate 10 percent, revenues will rise less than 10 percent because the base will shrink in response to the higher rate..
|The Disadvantage of RPS Outweigh the Benefits
These increased energy prices will likely hurt New Hampshire's residents and businesses and, in turn, inflict harm on the state economy...
|The IRS Taxes Americans on Money Earned in Foreign Countries
The law requires U.S. citizens with foreign accounts to file a Form FBAR along with their annual tax return, declaring their foreign bank accounts. Failure to declare an account incurs a $10,000 fine...
|Massachusetts Tax Revenue Forecasts
Beacon Hill Institute revenue forecasts assume there will be no additional major change in Massachusetts tax policy for the forecast period, which runs through June 2016...