Daily Policy Digest
Tax and Spending Issues
| How to Save Social Security In 2023, the federal government will spend $1 on investments (in education, research, infrastructure, etc.) for every $5 it spends on entitlements... |
| Why U.S. Foreign Aid Fails State-provided foreign aid creates the incentive for already dysfunctional governments to remain ineffective... |
| U.S. Corporate Tax Reform Could Revitalize the Economy More than 6 billion hours per year are spent by individuals and businesses preparing taxes, not including time spent on audits or responding to IRS notices... |
| U.S. Multinational Corporations Pay More Taxes Than We Think IRS data shows that the subsidiaries of U.S. multinationals paid more than $100 billion in income taxes to foreign tax authorities on roughly $413 billion in taxable income... |
| Substantial Hidden Costs in the U.S. Tax Code Hidden costs of the U.S. tax system result in nearly $1 trillion annually in hidden tax-compliance costs, while the Treasury forgoes approximately $450 billion per year in unreported taxes... |
| Reform the Corporate Income Tax U.S. federal corporate tax revenue as a share of gross domestic product is one of the lowest in the world at 1.2 percent in 2011... |
| Social Security Disability Insurance Foundationally Flawed The U.S. Social Security Disability Insurance program's growth has resulted in government expenditures for the program increasing sevenfold, from $18 billion in 1970 to $128 billion in 2010... |
| How the R&D Tax Credit Is Like Duct Tape The federal Research and Experimentation Tax Credit was supposed to be used as a temporary measure to spur new research and development, but it has become a duct-tape-like fix for America's underwhelming technological development... |
| State Taxation of Unemployment Benefits Out of the 41 states that tax personal wage income, only six exempt unemployment insurance income... |
| U.S. Spending Crisis: Will It Be Remedied? Each dollar of stimulus increases total spending in the economy by less than one dollar, which means that the economic benefit associated with the stimulus is less than the stimulus itself... |
