Downsizing Blog
Amtrak Slower Than Buses on Many Routes
My daughters have gone to college in Pittsburgh and Poughkeepsie, NY. As they will be traveling back and forth to D.C., we have compared transportation options.
Can Taxing Cryptocurrencies Really Add $28 Billion to the Budget?
Cryptocurrencies came under fire this fall when Congress identified the nascent industry as an opportunity to raise tax revenue.
Reconciliation Bill Would Expand Housing Subsidies Prone to Fraud and Corruption
The Democratic reconciliation bill includes dozens of new and expanded tax credits for businesses and other special interests.
How Much Will Biden’s Infrastructure Plan Eventually Cost? History Suggests Some Worrisome Answers
Here at Cato we’ve written many times about the record of big infrastructure projects and “megaprojects”:
U.S. Tax Gap Relatively Small
The Democrats have moved their huge tax‐and‐spend reconciliation bill through the House, and it now heads to the Senate. The bill includes large tax increases on businesses, investment, and high‐earning individuals.
The Midwest Rail Plan: A Disaster Waiting to Happen
The recently passed infrastructure bill includes $36 billion for “federal‐state partnerships for intercity passenger rail grants.”
IRS Tax Enforcement vs. Civil Liberties
The proposed $2.4 trillion reconciliation bill includes $80 billion for increased Internal Revenue Service (IRS) funding.
Billions and Billions to Be Wasted
The only good thing about the infrastructure bill that Congress just passed is that it doesn’t include any money for high‐speed rail.
Democratic Tax Plan Would Corrupt Financial Statements
President Biden and congressional leaders are searching for ways to raise $2 trillion to fund proposed spending increases.
Should the Bankrupt Feds Subsidize Cash‐Flush States?
The infrastructure and entitlement bills pending on Capitol Hill are bad for many reasons.