Daily Policy Digest

Tax and Spending Issues

Denver Light Rail Implementation Failure

Denver's light rail project budget has ballooned 57 percent over projections to $7.4 billion, and because of massive cost overruns and revenue shortfalls, it is not expected to be completed until at least 2044, if ever...

Temporary Deficit Reduction

The Congressional Budget Office predicts the national debt will nearly double over the next decade, going from $11.3 trillion to $19.1 trillion...

Can the Budget Ever Be Cut?

In fiscal year 2014, the president wants to spend $3.77 trillion, up from $3.6 trillion this fiscal year; that's higher than the Ryan plan's proposed $3.53 trillion, and it's even higher than the Murray plan's $3.71 trillion...

Social Security Personal Accounts: Prosperity for All

To pay for all of the promised Social Security and Medicare benefits would require almost doubling the current total payroll tax of 15.3 percent to nearly 30 percent, says Peter Ferrara, a senior fellow with the National Center for Policy Analysis...

Marginal Tax Rates and Income

A proportional across-the-board tax cut increases the rate of economic growth and does not necessarily lead to greater income concentration at the top...

Cost of Public Projects Is Rising -- Pain Will Be Felt for Years

Interest rates have been inching up everywhere, sending America's vast market for municipal bonds into its steepest decline since the dark days of the financial crisis in 2008...

Rethinking Tax Breaks for Homeowners

On balance, there is no clear evidence to suggest that homeownership causes stronger communities or better outcomes for children...

New Zealand's Experience with Territorial Taxation

New Zealand is one of only two developed countries that switched from a territorial tax system to a worldwide system and then returned to a territorial tax system for competitive reasons...

Why Congress Should Abolish the New Starts Program

Many New Starts projects reduce transit mobility because transit agencies sacrifice bus service to low-income neighborhoods, where such mobility is needed, in order to deliver rail transit to middle-income neighborhoods, where such mobility is merely an amenity...

Food Stamps Are Unsuccessful

The amount of Supplemental Nutrition Assistance Program benefits paid in error is substantial, totaling about $2.2 billion in 2009...


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