New York's Skyscraping School Spending
Blog: Cato at Liberty
New York spent $29,284 per pupil, which was three times the spending in Utah of $9,496 and Idaho of $9,662, and it was almost twice the US average of $15,591.
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Blog: Cato at Liberty
New York spent $29,284 per pupil, which was three times the spending in Utah of $9,496 and Idaho of $9,662, and it was almost twice the US average of $15,591.
Blog: Cato at Liberty
School choice reforms are spreading across the nation. Governments in 33 states are now providing financial support for private schooling through 80 different programs. About one million students are benefiting from these reforms.
Blog: Cato at Liberty
Politicians in high‐tax states know that to attract investment under a bad tax structure they need to cut special deals. At the same time, politicians in low‐tax states know that they do not need to dish out special‐interest benefits because their economies are booming without them.
Blog: Cato at Liberty
After five rounds, tens of thousands of online voters have chosen the most wasteful federal program: the subsidies and tax breaks in the Inflation Reduction Act (IRA) of 2022. The results from Spending Madness suggest that the highest priority budget cut for Congress is the vast corporate welfare unleashed by the IRA.
Blog: Cato at Liberty
Rather than pursuing low and equal tax rates for all businesses, Biden's misguided approach is to impose punitive treatment on most businesses while handing out subsidies for the select few.
Blog: Cato at Liberty
President Biden signed into law three massive bills handing out hundreds of billions of dollars of narrow tax breaks and spending subsidies to big corporations. It is the biggest gusher of corporate welfare ever.
Blog: Cato at Liberty
People in the industry know that government subsidies generate complexity and high costs. To me, the solution for affordable housing is local deregulation and property tax cuts for apartment buildings, not federal subsidies.
Blog: Cato at Liberty
The LIHTC is not some simple investment incentive, but rather a giant central‐planning scheme for the nation's apartment buildings.
Blog: Cato at Liberty
Thirty‐two unaffordable federal spending programs are going head‐to‐head in a classic, single‐elimination tournament format. And you get to decide the worst of the bunch.
Blog: Cato at Liberty
President Biden's new federal budget proposes high spending and huge deficits for years to come. The deficits are expected to boost government debt held by the public from $28 trillion this year to $45 trillion by 2034.
Blog: Cato at Liberty
The Biden budget promises "meaningful deficit reduction through measures that reduce wasteful spending" but does not deliver.
Blog: Cato at Liberty
False claims about tax rates on high earners are remarkably persistent given the easy availability of the official data.
Blog: Cato at Liberty
President Biden is expected to propose raising the federal corporate tax rate from 21 percent to 28 percent in his State of the Union address. Contrary to the administration, I think America should have the best tax environment in the world for entrepreneurs and business investment. It's better to have low and equal tax rates for all than subsidies for the few.
Blog: Cato at Liberty
Expanding federal housing tax credits would be the opposite of evidence‐based policymaking.