Daily Policy Digest

Tax and Spending Issues

Puerto Rico's Debt Crisis

With $70 billion of debt outstanding, the equivalent of 70 percent of its gross domestic product, Puerto Rico is more indebted than any of America's 50 states...

BART: In Need of Privatization

Currently, the average salary for a Bay Area Rapid Transit worker is $82,000; this does not include fringe benefits, which average $50,800...

Solving Egypt's Subsidy Problem

Subsidies for consumer goods, including fuels and food, account for almost one third of Egypt's public spending, or 13 percent of the country's gross domestic product...

Cut Spending By…Cutting Spending

Phasing out federal food stamps and turning them over to the states over 10 years would save $400 billion...

Quantitative Easing Saved $1 Trillion in Debt

The effective rate on outstanding U.S. debt fell from 4.8 percent in 2007 to 2.4 percent in 2012, saving the Treasury $900 billion in interest payments over that time...

Redefining the Goal of Tax Reform

The United States has more than 30 million businesses paying taxes under the individual tax system compared to 1.7 million paying taxes under the traditional corporate tax code...

Government Cell Phone Service Cost Taxpayers $2.2 Billion

The government spent $2.2 billion on a free cellphone program last year alone; a review of the top five providers shows that 41 percent of the subscribers couldn't demonstrate eligibility or failed to respond to requests for certification...

Suggestions for Tax Code Improvement

The United States will need to drop its corporate tax rate 15 points to match the average developed country and probably more to match the ongoing efforts abroad to lower the corporate tax burden...

Beer Excise Tax Awaits Changes

The Brewers Excise and Economic Relief Act (BEER) Act would halve the standard excise tax rate for beer sold in the United States and result in tax savings of $1.68 billion a year...

Highway Funding with a Vehicle Mileage Tax

Mileage-based fees would enable drivers to accurately pay for road use and get the roads for which they are prepared to pay...


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