Daily Policy Digest

Tax and Spending Issues

Cities Move to More Costly and More Inefficient Rail Transit

The globe has seen an explosion in new rail transit that provides low-capacity transit at high cost...

Federal Budgets Do Not Accurately Reflect Costs

Rather than paying for the programs that it enacts out of general revenues, Congress often uses a less transparent and less accurate method of funding: issuing government loans and credit guarantees...

Cutting the Post Office to Fund Highways

It would take 10 full years of cuts to the Post Office in order to cover just one year of the Highway Trust Fund deficit...

Millennials Not Expecting Social Security Benefits

Within 15 years, the number of Americans reaching retirement age will increase by a staggering 70 percent, while the number of Americans of working age will increase by just 6 percent...

Administrative Woes of a Global Wealth Tax

Unlike an income tax, a wealth tax would require the government to compile a list of all of the assets of every person in the United States, from cash to stocks to vehicles, appliances, furniture and jewelry...

The State of Estate and Inheritance Taxes in 2014

Estate and inheritance taxes have large compliance costs, suppress entrepreneurship and harm economic growth...

Help the Poor without Taxing the Rich

If the U.S. could tax its way to prosperity, it would already have done so...

Uneven Recovery Across States

While nationally, state tax revenue has recovered since the recession, twenty-six states are still struggling to reach peak revenue levels...

Government Loans Cost Taxpayers More Than Expected

The CBO's current accounting method makes government programs appear less expensive because they do not include the full costs of the risks associated with such loans. On the other hand, a "fair-value" accounting approach produces quite different results...

Impact of Welfare Reform on New York City

Because of welfare reforms, New York City’s welfare caseload is 71 percent below its mid-1990s peak...


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