Daily Policy Digest

Tax and Spending Issues

San Francisco Subway Has Questionable Future

In fiscal year 2012, the Bay Area Rapid Transit subway system collected just over $360 million from customers, yet paid employees nearly $380 million...

Colorado Voters Deciding How to Tax Pot

In Colorado, taxing marijuana would bring in an estimated $70 million a year, according to state fiscal analysts...

A Black Box in Your Car?

As America's road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car, says Evan Halper, writing for the L.A. Times...

U.S. Cities Grapple with Finances

American cities' fiscal health is lagging behind other sectors of the economy as the recovery slowly takes hold, says the Wall Street Journal...

Companies Relocate to London: Low Corporate Tax

The United Kingdom's base corporate rate is now 23 percent, down from 28 percent in 2010; by 2015, the rate will drop to about 20 percent, compared with about 29 percent in Germany and about 33 percent in France...

How Debt Ceilings Increase Debt

Congress' addiction to overspending has forced it to raise the debt ceiling more than 90 times during the past 70 years, and 15 times since 1993 alone...

AARP Forgot Basic Math

If workers spend the same percentage of their incomes as retirees, then the net economic effect of Social Security isn't $1.4 trillion or 9 million jobs, like a new AARP report claims -- it's zero...

A Tax Reform Plan that Both Parties Can Like

In addition to being simple, transparent and fair, the Common Sense Tax would improve incentives to work and save, and eliminate an entire army of corporate and personal tax accountants and lawyers, say John Goodman, president and CEO, and Laurence J. Kotlikoff, a senior fellow, at the National Center for Policy Analysis...

Food Stamp Program Reform Needed

As recently as 2000, just 17 million Americans participated in the Supplemental Nutrition Assistance Program at a cost of less than $18 billion; today, roughly 48 million Americans receive benefits, costing taxpayers more than $78 billion per year...

Obama and Reagan Agree: Divest the Tennessee Valley Authority

A divestiture of the Tennessee Valley Authority would avoid adding roughly $10 billion to the federal deficit over the next decade through additional capital outlays...


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