What do the national debt, Social Security, and many defined benefit pensions have in common? No one expects the citizens of one generation to pay their own way. In recent years, only part of current federal spending is covered by current tax collections – the rest is funded from borrowed money that future generations are […]
This piece, written by Alan Daley, discusses another drain on our taxes, but one that we typically don’t consider — the public costs expended in saving people who have put themselves in dangerous and hostile situations, or what he refers to as the “socialized costs of misadventures.” To read and print the price, visit Real Clear Policy.
A coalition of 42 companies, primarily independent nonprofit think tanks, sent a letter to the U.S. Senate calling for passage of a permanent Internet tax moratorium. Failure for Congress to act in the next 60 days will lead to increased taxes for Internet consumers. To read or print the letter, click here.
Roads and bridges are important to consumers. But the proposal to cover the Federal Highway Trust Fund (HTF) shortfall with savings from reduced postal deliveries leaves us gasping at its arrogance. The proposal is typical of DC’s flawed “ideas.” First, some “transportation” projects should not be federally funded. In addition, the Department of Transportation’s (DoT) […]
Last month, representatives from dozens of organizations, including The American Consumer Institute, sent a letter to the leadership of several key committees that oversee various aspects of Internet regulation and economic activity. The letter implored the leadership of the importance of keeping the Internet free of taxation, something that is in jeopardy if the current […]
Based on the myriad of reports over the years, the Federal government is wasteful, inefficient and lacks the incentives to act differently. The news reports of waste, overpayment and abuse are so common and often run in the billions of dollars. For example, one report looked at about 100 examples of government projects that produced […]
Our federal Department of Justice (DOJ) excels at seizing the cash. In the past two years, often acting as another Department’s attorney, DOJ has prosecuted violators shaking at least $45 billion in fines and penalties out of companies – notably, JP Morgan ($13B), Bank of America ($9.5B), Anadarko ($5.2B), HSBC ($1.9B), Deutsche Bank ($1.9B), SAC […]