Daily Policy Digest

Tax and Spending Issues

U.S. Fiscal Gap Is Unsustainable

The Congressional Budget Office estimates that our debt will reach 200 percent of gross domestic product (up from 73 percent today) by 2038 if the current fiscal gap situation continues...

Let States Decide Minimum Wage

A federal minimum wage that is actually high enough to help people in expensive states would be so high that it would hurt low-skilled workers in low-cost states...

A Social Security Reform that Benefits All

Retaining the current benefit structure will require an immediate and permanent increase in the Social Security payroll tax of 3.3 percentage points, according to a new study from the National Center for Policy Analysis...

States Debate How to Use New Revenue

As state budgets begin recovering from the recession and revenues increase, governors are looking to make some fiscal changes...

U.S. States $5 Trillion in Debt

States' combined $5.1 trillion debt is the equivalent of $16,178 per capita or 33 percent of yearly gross state product...

Should California Subsidize The Film Industry?

A Louisiana study found that for every dollar that the state received in revenue from film production, it spent $7.29 in tax credits...

State Budget Gimmicks

Some of the most popular "tricks" used by legislators to hide the true cost of government spending include underfunding pensions, inflating revenue projections, shifting funds and using one-time asset sales...

Pension Reform in Rhode Island

Rhode Island's pension reform bill is estimated to save the state $4 billion over the next 25 years...

Better Budget Rules Could Lead to Reform

A constitutional rule would be the best way to fix Congress's budget enforcement problem and would impose some external enforcement on legislators that would be difficult to circumvent...

Should Take-and-Bake Pizza Be Taxed?

Twenty-four states currently follow the Streamlined Sales Tax Governing Board's taxing guidelines, but they cannot agree on the proper way to tax uncooked food sold in restaurants...


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