Daily Policy Digest
Tax and Spending Issues
| 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... |
| Larger Spending Cuts Would Help the Economy The $825 billion stimulus of 2009 cost hundreds of thousands of dollars per job but yielded no short-term economic growth... |
| Tax Relief for Child Care Should Be Maintained Child care merits tax relief because labor economists have proven that reductions in the cost of child care lead to increased work... |
| Tax Bills for Rich Families Approach 30-Year High For 2013, families with incomes in the top 20 percent of the nation will pay an average of 27.2 percent of their income in federal taxes; the average family in the bottom 20 percent of households won't pay any federal taxes... |
| Mismanaged Federal Properties Cost Taxpayers Billions Mismanagement of federal property is estimated to cost taxpayers at least $1.6 billion each year... |
