Daily Policy Digest
Tax and Spending Issues
| The Fiscal Costs of Nonpayers In 2010, nearly 41 percent of Americans, or 58 million altogether, had no income tax liability; over the past two decades, the number of nonpayers has increased 20 percentage points... |
| Corporate Tax Competitiveness Rankings for 2012 Studies show that reducing corporate taxes boost domestic and foreign investments... |
| $1.8 Trillion Shock The cost of regulations passed under the Obama administration will be about $1.8 trillion annually, nearly 20 times the $88 billion initially assumed... |
| Pension Woe Mounts As States Forsake Reform From 2008 to 2010, unfunded pension and retiree health care benefits grew 38 percent to $1.38 trillion; since 2008, pension liabilities have soared to an estimated $4.6 trillion... |
| Government Employees Work Less than Private-Sector Employees Using a dataset sponsored by the U.S. Bureau of Labor Statistics, researchers found that private-sector employees put in 41.4 hours per week, compared to 38.7 hours for federal employees... |
| What Should Replace the Gas Tax? The Congressional Budget Office predicts that new federal fuel-economy standards will reduce revenue from the federal gas tax by 21 percent by 2040... |
| Best Practices for Reforming State Employee Pensions State and local unfunded pension liabilities nationwide are at least $1 trillion... |
| Cities' Revenue Keeps Shrinking Cities expect revenues to decline an average of 3.9 percent in 2012, the sixth straight year... |
| Federal Reserve's Quantitative Easing Results Are Mixed, At Best The $3 trillion accumulated over the various quantitative easing programs has done little to stimulate the private sector... |
| 117,000 Americans Get Jobless and Disability Benefits About 117,000 Americans cashed in unemployment and Social Security disability checks in fiscal year 2010... |
