Daily Policy Digest

Tax and Spending Issues

States Debate How to Use New Revenue

As state budgets begin recovering from the recession and revenues increase, governors are looking to make some fiscal changes...

U.S. States $5 Trillion in Debt

States' combined $5.1 trillion debt is the equivalent of $16,178 per capita or 33 percent of yearly gross state product...

Should California Subsidize The Film Industry?

A Louisiana study found that for every dollar that the state received in revenue from film production, it spent $7.29 in tax credits...

State Budget Gimmicks

Some of the most popular "tricks" used by legislators to hide the true cost of government spending include underfunding pensions, inflating revenue projections, shifting funds and using one-time asset sales...

Pension Reform in Rhode Island

Rhode Island's pension reform bill is estimated to save the state $4 billion over the next 25 years...

Better Budget Rules Could Lead to Reform

A constitutional rule would be the best way to fix Congress's budget enforcement problem and would impose some external enforcement on legislators that would be difficult to circumvent...

Should Take-and-Bake Pizza Be Taxed?

Twenty-four states currently follow the Streamlined Sales Tax Governing Board's taxing guidelines, but they cannot agree on the proper way to tax uncooked food sold in restaurants...

Cities Going Broke Across America

Most municipalities face financial crises not due to one unlucky event but due to a pattern of financial mismanagement and negligence, and a poor, antigrowth environment...

Special Taxing Districts Circumvent Spending Limits

In 2012, there were 38,266 special taxing districts in the United States; many of these have taxing and spending powers...

How Are Seniors Spending Their Money?

The average credit card balance for 65 to 74 year olds in 2010 was $6,000, compared to just $2,100 in 1989...


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