Daily Policy Digest
Tax and Spending Issues
| A Global Perspective on Territorial Taxation Territorial tax reform would reduce compliance costs for both companies and the government, which would save $40 billion per year... |
| Proposed High-Speed Rail to Las Vegas Likely to Fail Taxpayers could be on the hook for up to $6.5 billion for a high-speed train from Victorville, Calif., to Las Vegas, Nev.... |
| How Did Federal Surpluses Become Huge Deficits? The tax cuts of 2001 and 2003 are not the reason for current budget deficit... |
| Some Federal Pensions Pay Handsome Rewards More than 21,000 retired federal workers receive lifetime government pensions of $100,000 or more per year... |
| No Sidestepping Agriculture Reform Net farm income hit a record $98.1 billion last year and is forecast by the U.S. Department of Agriculture to reach $91.7 billion in 2012 -- the second highest level on record... |
| Reforming the Food Stamp Program Congress should return food stamp spending to prerecession levels and cap future spending so that states are no longer implicitly encouraged to milk the program for local residents... |
| Do the Rich Pay Their Fair Share in Taxes? The top 20 percent of income earners -- those earning more than $74,000 -- paid 94 percent of federal individual income taxes, 85 percent more than the share of national income they earned, says Peter Ferrara, a senior fellow with the National Center for Policy Analysis... |
| United States to Lose $25 Billion on Auto Bailout The federal government expects to lose more than $25 billion on the $85 billion auto bailout -- 15 percent higher than its previous forecast... |
| The United States of Dependency? In the second quarter of 2011, 107 million Americans were receiving some kind of government welfare -- not including Medicare or Social Security; that's up from 97 million just over two years ago... |
| How New Pension Standards Could Make Things Worse Recent changes to public pension accounting requirements by the Government Accounting Standards Board may actually make things worse by omitting essential changes... |
