Daily Policy Digest
Tax and Spending Issues
| The Economic Impact of Tax Expenditures in the Federal Income Tax Code The current total tax expenditures in the United States hover around $1 trillion, with over 80 percent accruing to individuals and the remainder to corporations... |
| The Coming Entitlements Cliff For the 2012 fiscal year, the nation spent around $2.2 trillion of its $3.7 trillion budget on entitlement programs... |
| Looming Tax Hike Motivates Owners to Sell Uncertainty over tax reforms stymies a vibrant and dynamic market, which is important for stimulating the economy... |
| A Comparison of the Long-Term Economic Effects of the Obama and Romney Tax Plans The Romney tax plan, which would reduce tax rates on individuals and corporations, would increase gross domestic product 7.4 percent over the long run... |
| Simulating the Economic Effects of Obama's Tax Plan President Obama's tax plan would gradually reduce the level of gross domestic product by nearly 3 percent, relative to the baseline projection, over five to 10 years... |
| U.S. on Track to Hit Debt Limit by Year End Although emergency measures will allow the United States to keep borrowing into the first quarter of 2013, at the current rate, it will hit the legal borrowing limit by the end of 2012... |
| Tax Hikes Cost Economy Far More Than They Add in Spending If income tax rates are increased in January, $1 of tax revenue will cost the public $2.50... |
| Canada’s Fiscal Success Story Between 1995 and 1998, Canada went from a $32 billion deficit to $2.5 billion budget surplus... |
| Payroll Taxes Are "Regressive"? Time to Rethink That Idea Studies show that the Social Security and Medicare programs, viewed as a whole, are anything but regressive... |
| Annual State-Local Tax Burden Ranking Since 2000, state and local burdens have increased from 9.3 percent to 9.9 percent... |
