The plan by Midwestern states to squander up to $12 billion of federal funds on a “Midwest Regional Rail Plan” is a disaster in the making, according to Randal O’Toole, Cato Institute senior fellow specializing in land‐use and transportation issues.
The COVID-19 Tax Relief has increased the share of households paying no income tax to 60.6 percent, according to a new study by the nonpartisan Washington-based Tax Foundation. At the same time, high-earners are punished by the progressive nature of the federal income tax system.
View As PDF High-speed trains were rendered obsolete in 1958, six years before Japan opened its first bullettrain, when Boeing’s 707 entered commercial service, writes Randal O’Toole, senior fellow withthe Cato Institute specializing in...
A new study by the nonpartisan Washington-based Tax Foundation reveals that Illinois has the second highest gasoline state taxes and fees in the country, 59.56 cents a gallon, exceeded only by California’s 66.98 cents a gallon.
“Illinois’ extraordinarily-large unemployment benefits are destroying the work ethic of the state’s formerly-employed men and women, making them more dependent on government,” said Jim Tobin, economist and president of the Taxpayer Education Foundation (TEF), “and maybe that’s what the Democrats running the state want.”
View As PDF States offer tax incentives with the goal of encouraging new investment and economic development in their state, but just because most states offer numerous incentives doesn’t mean doing so is the...
The state of Illinois received $1.343 billion from the federal high-speed rail fund, plus $46 million in TIGER (Transportation Investment Generating Economic Recovery) funds to speed up and increase frequencies between Chicago and St. Louis, writes Randal O’Toole, senior fellow with the Cato Institute specializing in transportation and land use policy, in his study, “The High-Speed Rail Money Sink.”
In 2009 and 2010, President Obama persuaded Congress to dedicate $10.1 billion to high-speed rail projects around the country. Millions of taxpayer dollars poured in from all over to supplement this fool’s errand.
High-speed rail travel is largely a myth, and if these routes and constructed, travelers will find them much slower than the pipe-dreams of their proponents.
Joe Biden and his Democrat hit-men in Congress are readying a $1.2 trillion companion bill to their $3.5 trillion “healthcare and antipoverty” proposal. Six-hundred billion of the $1.2 trillion reportedly will be spent on “infrastructure.”
