Daily Policy Digest
Tax and Spending Issues
| U.S. on Track to Hit Debt Limit by Year End Although emergency measures will allow the United States to keep borrowing into the first quarter of 2013, at the current rate, it will hit the legal borrowing limit by the end of 2012... |
| Tax Hikes Cost Economy Far More Than They Add in Spending If income tax rates are increased in January, $1 of tax revenue will cost the public $2.50... |
| Canada’s Fiscal Success Story Between 1995 and 1998, Canada went from a $32 billion deficit to $2.5 billion budget surplus... |
| Payroll Taxes Are "Regressive"? Time to Rethink That Idea Studies show that the Social Security and Medicare programs, viewed as a whole, are anything but regressive... |
| Annual State-Local Tax Burden Ranking Since 2000, state and local burdens have increased from 9.3 percent to 9.9 percent... |
| The State Business Tax Climate 2013 It is important to remember that even in our global economy, states' stiffest and most direct competition often comes from other states... |
| The Looming Shortfall in Public Pension Costs To fully fund current pension benefits, there would need to be an average tax increase of $1,385 per U.S. household... |
| How States Would Be Affected by Obama's Proposed Tax Increases on High Income Earners California stands to lose $241 billion over 10 years as a result of the president's tax policies... |
| The Merits of a Territorial Tax System American companies have about $1.7 trillion in earnings that haven't been brought into the United States for fear of being taxed... |
| The Impact of Romney's Proposed $17,000 Deduction Cap While Romney's deduction cap does succeed in paying for his tax plan without raising taxes on the middle class, it does so by reducing overall growth and lowering the tax cut for upper income payers... |
