Daily Policy Digest
Tax and Spending Issues
| The State Business Tax Climate 2013 It is important to remember that even in our global economy, states' stiffest and most direct competition often comes from other states... |
| The Looming Shortfall in Public Pension Costs To fully fund current pension benefits, there would need to be an average tax increase of $1,385 per U.S. household... |
| How States Would Be Affected by Obama's Proposed Tax Increases on High Income Earners California stands to lose $241 billion over 10 years as a result of the president's tax policies... |
| The Merits of a Territorial Tax System American companies have about $1.7 trillion in earnings that haven't been brought into the United States for fear of being taxed... |
| The Impact of Romney's Proposed $17,000 Deduction Cap While Romney's deduction cap does succeed in paying for his tax plan without raising taxes on the middle class, it does so by reducing overall growth and lowering the tax cut for upper income payers... |
| Tax Gimmicks Politicians use four types of gimmicks to hide tax increases from the voting public... |
| Job Benefits Growing Faster than Wages Employer-paid benefits accounted for 19.7 percent of worker compensation last year compared to 16.6 percent in 2000... |
| Welfare Spending Shattering All-Time Highs If converted to cash, means-tested welfare spending is more than five times the amount needed to eliminate all poverty in the United States... |
| Waste Book 2012 NASA spends $1 million a year researching food for astronauts to eat on Mars even though there are no plans for a manned mission to Mars... |
| A Simple Measure of the Distributional Burden of Debt Accumulation The distributional burden of payments on the debt under current law is about $1,366 per year for households with incomes between $50,000 and $75,000... |
