Daily Policy Digest
Tax and Spending Issues
| Many Reasons to Lower the Corporate Tax Rate Models show that the long-term growth rate for gross domestic product would rise by 2.2 percent at a 25 percent corporate tax rate but fall by 2.8 percent at a 45 percent corporate tax rate... |
| Farm Subsidies: Inexcusable Waste The Department of Agriculture spent $22 billion on subsidy programs in 2012, though only 2 percent of Americans are directly engaged in farming... |
| Organization for Economic Cooperation and Development Advocates Raising Corporate Taxes Enacting global formula appointment for corporate taxes in Organization for Economic Cooperation and Development countries would not result in larger tax revenues but instead shift tax revenues from country to country... |
| Building Equity in a House as a Substitute for Social Security Social Security tax payments would be more beneficial if individuals were allowed to save for retirement by building equity in a house... |
| Ryan Unveils His Balanced Budget Plan House Budget Committee Chairman Paul Ryan's new budget plan would cut government spending by $4.6 trillion in 10 years... |
| Not All Budget Cuts Have to Hurt Raising Medicare's eligibility age by two months per year from age 65 in 2017 to age 67 in 2035 would reduce federal spending by $124.8 billion over 10 years... |
| Sequester Cuts Highlight Government Inefficiency The $2.8 billion cut on education spending because of the sequester represents just 0.6 percent of the $820 billion government will spend on education... |
| Obama's Alternative Sequester Plan Is Horribly Unbalanced Including the fiscal cliff deal and ObamaCare, Obama's alternative plan to sequestration would result in a total of $2.6 trillion in new taxes or other revenues and only $6 billion in true spending cuts... |
| Debunking Common Public Finance Myths Strong empirical evidence suggests that increased government spending does not stimulate the economy and increased printing press liquidity will slow a recovery... |
| Economic Effects of the Sequester A 1 percent spending cut has no significant effect on growth, whereas a 1 percent tax increase reduces gross domestic product by 1.3 percent after two years... |
