Daily Policy Digest
Tax and Spending Issues
| Social Security Deficit Could Mean a 25 Percent Benefit Cut Last year, spending by Social Security exceeded dedicated tax revenue by 4 percent -- just as spending outpaced revenues the year before -- and that gap is growing fast... |
| More Americans Dependent on Disability, Longer Since 1980, disability benefits grew by 82 percent and the termination rate fell by 42 percent... |
| Would the Romney Tax Plan Necessarily Reduce After-Tax Incomes for the Middle Class? Mitt Romney's tax plan would reduce economic distortions in the tax code, which increases economic efficiency... |
| Microeconomic Behavioral Responses to the Marriage Penalty and Reforms for the 21st Century The size of the marriage tax amounts to almost 18 percent of total income... |
| Which Federal Policies Help or Hurt Economic Growth? The average dollar spent by government results in about two-thirds of a dollar of reduced private sector spending, says R. David Ranson, a senior fellow with the National Center for Policy Analysis... |
| Debt Ceiling Fight Club It is important to realize the haste with which the government needs to act in response to mounting debt... |
| 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... |
