ACI supports the sensible and fiscal-minded flood reforms put in place in 2012. The recently introduced Toomey Flood Insurance Amendment makes changes to the law that protect taxpayers and property owners without gutting the 2012 reforms. You can read the coalition letter here.
Currently, states can tax downloaded products – such as software, music and movies – in a variety of ways, and there are no rules in place for determining what the tax jurisdiction should be for these “digital” goods and services. As a result, it is possible that a consumer who downloads a ringtone could be […]
When the voters elect representatives, they expect the legislature to act on their behalf, and the public and legislature expects government agencies to act in accordance with laws the legislature adopted. Issues that the public and legislators regard as ripe for action go through public hearings and drafting of bills for negotiation, refinement and ultimately […]
Detroit’s bankruptcy is an implosion of overpromises, underfunding, national recession and local depression. Detroit’s residents and creditors are feeling real pain from their bankruptcy. It’s an unusual case because pension obligations are being forcibly reduced, sending waves of alarm to unionized workers across the US. For decades, local politicians agreed to wage and benefit deals […]
Most consumers would welcome some events again; the birth or college graduation of a child, paying off our mortgage, or man on the moon. But government shutdown and debt ceiling “chicken” are not on the welcome list. In October this year, politicians grossly overestimated their constituents’ support for a budget grudge match. Those hostilities may […]
We have all heard it all before — politicians are looking out for the “little guy.” However, once these pro-consumer policies are enacted, they sometimes have adverse consequences on consumers and reduce consumer welfare. In fact, they often have a disproportionate and negative impact on lower income consumers. Our earlier articles provided examples of these […]
For those determined and financial able, wonderful homes are available at prices considered a steal just a few years ago. A lively housing market has traditionally helped pull our economy out of the recession ditch. What this market lacks are able consumers with dreams of a first-time or move-up home. Although the latest recession was […]
When Congress concludes its histrionics on current and accumulated debt levels, corporate tax reform will be a topic for potential compromise and progress. Although some may be confused about the purpose, the main goal for tax reform remains the reallocation of profits and capital gains among three applications: government revenues, personal income and investment activities […]