Posts belonging to Category Tax and Budget Policy

Reassessing FHA Risk

By Tad DeHaven

As the Federal Housing Administration edges closer to a taxpayer bailout due to the large number of risky mortgage loans it has insured, it continues to insist that no such bailout will be required. However, a new study from a group of economists at New York University finds that the FHA’s assurances might not be [...]

Real World Evidence for the Laffer Curve from the Government of Washington, DC

By Daniel J. Mitchell

President Obama is proposing a series of major tax increases. His budget envisions higher tax rates on personal income, increased double taxation of dividends and capital gains, and a big increase in the death tax. And his health care plan includes significant tax hikes, including perhaps the imposition of the Medicare payroll tax on capital [...]

This Week in Government Failure

By Tad DeHaven

Over at Downsizing Government, we focused on the following issues this week:

The Department of Homeland Security is a mismanaged mess.
Federal aid to the states is too popular.
It’s time to privatize the U.S. Postal Service Monopoly.
Transportation Secretary Ray LaHood likes to give the gift of other people’s money.  Ho, ho, oh no!
Charles Krauthammer gets nostalgic about [...]

Federal Pay Gap Reversed

By Chris Edwards

I’ve long raised concerns about the rapidly rising costs of federal worker pay and benefits. Despite the obvious acceleration of federal compensation above private compensation in recent years, federal unions have continued to claim that federal workers suffer from a giant “pay gap,” which is currently supposed to be 26 percent.
Unfortunately, the pay gap mythology has been spread by Washington Post reporters, [...]

Sneaky SAFRA

By Neal McCluskey

Great column on the Student Aid and Fiscal Responsibility Act by Tim Carney in today’s Washington Examiner. He hits the major points — SAFRA hardly threatens a sudden federal takeover of student lending, but also promises anything but “fiscal reponsibility” — while adding a critical warning: the whole stinkin’ bill could be tacked onto health care reconciliation.
Wow! As if the health care [...]

Smelling Your E-mail

By Tad DeHaven

In response to this week’s news that the beleaguered U.S. Postal Service is facing $238 billion in losses over the coming decade, Washington Post columnist Charles Krauthammer lamented the inevitable demise of the government mail monopoly:
As a conservative who believes in the market, it ought to die, but as a conservative that believes in tradition [...]

Health Cost Projections to 2019: The Doc Fix Trick Again

By Alan Reynolds

Congressman Paul Ryan (R-WI) takes the President to task for cooking the books on projected health care costs, most egregiously with the “doc fix” — namely, assuming Medicare slashes physician payments by 21.3% this year and subsequently lets them fall continuously in real terms.
What nobody seems to have noticed is that the same phony “doc fix” [...]

Health Cost Projections to 2019: The Doc Fix Trick Again

By Alan Reynolds

Congressman Paul Ryan (R-WI) takes the President to task for cooking the books on projected health care costs, most egregiously with the “doc fix” — namely, assuming Medicare slashes physician payments by 21.3% this year and subsequently lets them fall continuously in real terms.
What nobody seems to have noticed is that the same phony “doc fix” [...]