Archive for February 25, 2008

Pay Go

By applying the pay-go principle to tax cuts, Washington is effectively chasing its fiscal tail. Because Washington will not cut spending, taxes will never go down, only up. And using it for short-term tax cut extensions, like the one year AMT patch, is the budget equivalent to renting tax policy.

The perils of smoking bans

The authors estimate that smoking bans increase fatal drunken-driving accidents by about 13%, or about 2.5 such accidents per year for a typical county.

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