Tag Archive: economy

  • Is the Highway Trust Fund About to Hit a Dead End?

    | April 18, 2014 | Add a comment

    By Steven Johnson The Department of Transportation (DOT) released a report this past Tuesday showing that the Highway Trust Fund will run out of money by this August. The fund is the primary way by which the government maintains our roads and highways. While the fund received a $9.7 billion … »

  • Why work when welfare pays more?

    The Cato Institute recently released an updated version of a decades-old study analyzing welfare benefits on a state-by-state basis. The study, The Work vs. Welfare Trade-Off, found that the total value of welfare benefits continues to exceed the income that most recipients would earn from an entry-level job in many … »

  • Tax freedom day banner1

    Happy Tax Freedom Day!

    | April 18, 2013 | Add a comment

    Each year, the Tax Foundation releases a report on Tax Freedom Day – the day when the annual tax burden is paid off and people are able to keep their income. This year, that day is April 18. The calculation is a measurement of the total amount Americans earn in … »

  • Myth of the Day: Lower Tax Rates are Bad for the Economy

    Our blog post on Myth #1 explained why it is untrue to assume that increased government spending (economic stimulus proposals in particular) leads to increased economic growth.  Today’s myth strikes at a related assumption: lower tax rates are bad for the economy in a recession and always lead to lower … »

  • Sequestration: Putting Our States and Nation at Risk

    and | February 28, 2013 | Add a comment

    By Karla Jones and Patrick Doup, No organization is more committed to limited government, lower taxes and balancing the federal budget than the American Legislative Exchange Council (ALEC). We have long championed fiscal responsibility at all levels of government and promoted a Balanced Budget Amendment to the U.S. Constitution.  But … »

  • Center on Budget and Policy Priorities: Long on Opinion, Short on Research

    | February 20, 2013 | Add a comment

    The Left-wing Center for Budget and Policy Priorities (CBPP) is out with a new essay attacking the economic basis for low tax, free-market, limited government policy proposals like those laid out in Rich States, Poor States. In reality, CBPP’s paper is a case study in poor research methods, self-referentialism, and confirmation bias. The … »

  • Myth of the Day: Increased government spending stimulates the economy during recessions

    and | February 14, 2013 | Add a comment

    As state legislatures consider fundamental tax reform this session, ALEC’s Center for State Fiscal Reform recently released Tax Myths Debunked, a study that clarifies seven main misconceptions about tax policy. Co-authors Dr. Pozdena, former vice president of research at the Federal Reserve Bank of San Francisco, and Dr. Fruits use overwhelming evidence to confirm that … »

  • Preparing for an Uncertain Fiscal Future: What Other States Can Learn From Utah

    | February 12, 2013 | Add a comment

    By: Bob Williams and Kati Siconolfi As sequestration approaches quickly, state legislators should discuss how to provide essential services while facing possible federal aid reductions. While a majority of the states depend on federal funds, and this trend is increasing, Utah provides a great example on preparing for an uncertain … »

  • No Snake Oil, Life is About Incentives

    | December 10, 2012 | Add a comment

    By Jonathan Small, CPA Many have heard the saying, “You reap what you sow.” This is an undeniable fact of life, reality. Essentially, this saying means that productive efforts eventually yield constructive results and destructive efforts eventually yield damaging results. Recently, two groups — the Iowa Policy Project and Good … »

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    Hired With a Silver Spoon?

    | October 31, 2012 | Add a comment

    At a time when states are tightening their budgets and looking everywhere to find savings, one area has been largely overlooked. A new study released by Citizens Against Government Waste (CAGW) highlights the major disparity between state workers and private sector workers. In the new report, titled Public Servants or … »