Daily Policy Digest

Tax and Spending Issues

Capital Income Taxation Discriminates Against Saving

The income tax's saving penalty distorts the timing of consumption by favoring consumption today over consumption in the future...

19 U.S. Cities Have Proportionately Bigger Workforces than Bankrupted Detroit

One of every 28 of San Francisco's 800,000 residents is on the city payroll...

New $444 Million Hockey Arena Is Still a Go in Detroit

Including interest, it's projected that there will be a total of $444 million in taxpayer funds spent on a new hockey arena for the Red Wings...

The Government Scandal (You Haven't Heard Of)

In 2011, federal taxpayers funded 3.4 million hours of union work at a cost of $156 million...

Detroit Bankruptcy Could Hit Millions of Retirees

Detroit now owes more than $17 billion in promised lifetime pensions and health benefits for retirees...

Defeating Fiscal Distress: A State Responsibility

State and local governments cannot count on economic growth to alleviate distress, nor would it be wise for them to try to engineer growth by adopting more aggressive economic policies...

Yes, We Do Have a Debt Problem

Public debt is now 75.1 percent of gross domestic product, the highest level since 1950, and it is projected to reach 76.2 percent next year...

Is the Gas Tax the Perfect Tax?

Evidence indicates that total government spending is at least twice as high as it should be to maximize job creation, economic growth and the general welfare...

Consumer Financial Protection Board's Excessive Pay

Six-figure salaries go to 741 employees, or 61 percent of the Consumer Financial Protection Board workforce, with one in four taking home $150,000 or more...

Time to Fix the Charitable Deduction

The Urban Institute has estimated that, as of 2010, governments at all levels directed more than $100 billion to some 33,000 human-service organizations...


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