“There is now a consensus that the United States should substantially raise its level of infrastructure investment,” writes former treasury secretary Lawrence Summers in the Washington Post. Correction: There is now a consensus among two presidential candidates that the United States should increase infrastructure spending. That’s far from a broad consensus.
According to opinion polls, Americans think that the federal government is too large and powerful. And most people do not trust the federal government to handle problems.
With a big speech to the Detroit Economic Club, Donald Trump has tried to establish his bona fides as a “growth” candidate. There are many desirable features of his new plan, but some of the provisions should be junked, and others can’t be properly assessed given a lack of details.
Donald Trump is a competitive person. He likes to have bigger things than other people. He says that he has really big hands. His tax cut was larger than the other GOP candidates. And now he says that his infrastructure plan will be double the size of Hillary Clinton’s.
Tesla Motors recently announced that its latest model, the Tesla 3, will be released at the end of 2017. Almost 400,000 pre-orders have already been placed for the fan favorite that boasts a celebrity clientele including Cameron Diaz, Leonardo DiCaprio, and George Clooney. For $35,000 you, too, can be the proud owner of the environmental solution of the future: a coalpowered automobile, subsidized by Uncle Sam.
The 2015 Medicaid actuarial report came out last week, and with it another entry in the series of upward revisions to how much Medicaid would spend on the adults made newly eligible by the ACA’s Medicaid expansion. In 2015, per enrollee costs for the adults made newly eligible by the ACA’s Medicaid expansion were estimated to be 49 percent higher than the previous projection.
In a Wall Street Journal oped today, Naomi Schaefer Riley discusses federal policies toward American Indians.
Presidential candidate Donald Trump says that he will balance the federal budget while also cutting taxes. Given that the gap between federal spending and revenues is more than $500 billion and rising, he is going to need lots of spending cuts to make that happen.
In his big speech last night Trump said:
A new report from the House Homeland Security Committee lays bare the culture of misconduct that continues to plague the Transportation Security Administration (TSA), finding a surge in complaints and a pervasive lack of accountability at the agency.
The Office of Management and Budget has released new data on the amount of time Americans spend complying with the federal tax code. Tax Foundation summarizes the data here.
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