Daily Policy Digest
Tax and Spending Issues
|New Rules Introduce Dynamic Scoring to Tax Law
If the government increases the tax rate 10 percent, revenues will rise less than 10 percent because the base will shrink in response to the higher rate..
|The Disadvantage of RPS Outweigh the Benefits
These increased energy prices will likely hurt New Hampshire's residents and businesses and, in turn, inflict harm on the state economy...
|The IRS Taxes Americans on Money Earned in Foreign Countries
The law requires U.S. citizens with foreign accounts to file a Form FBAR along with their annual tax return, declaring their foreign bank accounts. Failure to declare an account incurs a $10,000 fine...
|Massachusetts Tax Revenue Forecasts
Beacon Hill Institute revenue forecasts assume there will be no additional major change in Massachusetts tax policy for the forecast period, which runs through June 2016...
|Eliminating Estate and Inheritance Tax is a Serious Option for Reform
Repealing the estate tax in the United States would increase investment, add jobs and expand the economy...
|Permanent Solution for the Highway Trust Fund
Members of Congress and the President are pursuing unsound tax policy as a temporary fix to the Highway Trust Fund...
|The Cost of the Renewable Fuel Standard to Motorists
Congress has imposed a de facto fuel tax on American motorists by forcing them to consume fuel that is more expensive than gasoline on an energy-equivalent basis...
|A Dynamic Analysis of Obama's Budget Proposal Shows Productivity Will Be Disrupted
Obama's 2016 budget proposal ultimately hurts capital formation, productivity, wages and employment across the board, but especially in capital-intensive blue-collar industries...
|Rubio-Lee Tax Reform Plan: Good but could be Better
On the bright side, Rubio and Lee's proposal does include attractive pro growth features...
|Capital Gains Tax Hikes do not Just Affect the Rich
In today's struggling entrepreneurial climate, policymakers can ill-afford to impose additional taxes on productive workers and small businesses, or reduce the rate of return on capital investment...