Daily Policy Digest

Tax and Spending Issues

FATCA: Punishing Law-Abiding Americans Living Abroad

The Foreign Account Tax Compliance Act burdens Americans living abroad with massive financial and legal costs...

Federal Tax Revenue Sets Record

Federal tax revenue for Fiscal Year 2014 is growing at a record pace...

Wasted Tax Dollars

A close look at the federal budget reveals a number of ridiculous spending projects...

Rubber-Stamping Disability Claims

The Fiscal Times reports that some judges are approving disability insurance at an alarming rate, often approving claims without holding hearings...

IRS Threatens to Expand an Obsolete Tax

The Internal Revenue Service (IRS) has spent years battling the now-bankrupt company WorldCom over telephone excise taxes...

Cities Move to More Costly and More Inefficient Rail Transit

The globe has seen an explosion in new rail transit that provides low-capacity transit at high cost...

Federal Budgets Do Not Accurately Reflect Costs

Rather than paying for the programs that it enacts out of general revenues, Congress often uses a less transparent and less accurate method of funding: issuing government loans and credit guarantees...

Cutting the Post Office to Fund Highways

It would take 10 full years of cuts to the Post Office in order to cover just one year of the Highway Trust Fund deficit...

Millennials Not Expecting Social Security Benefits

Within 15 years, the number of Americans reaching retirement age will increase by a staggering 70 percent, while the number of Americans of working age will increase by just 6 percent...

Administrative Woes of a Global Wealth Tax

Unlike an income tax, a wealth tax would require the government to compile a list of all of the assets of every person in the United States, from cash to stocks to vehicles, appliances, furniture and jewelry...


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