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Study: ‘Cash for Clunkers’ Reduced Spending

The Obama administration has hailed the“cash-for-clunkers” stimulus program for its part in the automobile industry recovery. But a recent study is putting the program that ended in 2009 back in the news and highlighting its alleged failures. Economists from Texas A&M University evaluated the stimulus program and found it cost the automobile industry billions of dollars. The study –"Cash for Corollas: When Stimulus Reduces Spending" -- highlighted how the environmental objectives of the...

'Blue States' Join 'Red States' On Tax Reform

Though conservative “red” states have more competitive tax systems and regulatory systems, legislators in many liberal “blue” states are beginning to respond with good reforms of their own, according to the latest release of the American Legislative Exchange Council’s Rich States, Poor States report. In all, 17 states enacted important tax reforms in 2013, making it “a standout year for tax changes in the states,” according to the authors. ALEC released the report’s State Economic...

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