Yankee Institute Blog

A Billion Dollars Up in Smoke

Published July 16, 2009 by the Yankee Institute for Public Policy “There is a danger to the euphoria that surrounds an unexpected source of revenue. This is the first session since I have been here [in 1992] that there seems to be so little concern with the overall...

Seven Skepticisms About Stimulus Spending

by Fergus Cullen This article originally ran in the Waterbury Republican-American on Sunday, July 5, 2009. Will Rogers might have said, “Half of all money spent by government is wasted. The government just needs to hire a few more bureaucrats to figure out which...

Understanding the Stimulus

Understanding the Stimulus

This report is a non-partisan effort to increase the public’s and policymaker’s understanding of the recently enacted American Recovery and Reinvestment Act of 2009 (ARRA), the so called “stimulus bill,” as well as some of its fiscal and economic impacts in the State of Connecticut.

A Look at Who Pays Connecticut’s Income Tax

As Governor M. Jodi Rell and the General Assembly seek to close the existing state budget deficit and adopt a balanced budget for the next fiscal biennium, various proposals call for increasing taxes on the affluent. Several groups argue the wealthy aren’t paying their “fair share” of taxes. However, a new Yankee Institute study of who pays Connecticut’s state income tax reveals that the top 20 percent of Connecticut income earners – those who make more than $100,000 a year – already pay 80 percent of state income tax receipts.

A Penance for Using Plastic

You’re sensitive to the environment. You reduce, reuse, and recycle. But to a group of radical environmentalists and state legislators, you are an ecological sinner if you carry your groceries home in a plastic bag. As penance, they want you to pay a “plastax” of 5 cents on every bag you use. This new tax should be rejected.

Smart, Dumb, and Fraudulent School Technology Spending

As we enter the season in which many towns are voting on their budgets, more schools than ever are asking for increases to cover school technology spending. Some parents are delighted by the prospect of turning classrooms into “high tech” learning facilities, but not all experts are convinced. As far back as 2000, Stanford University education professor Larry Cuban compared the value of technology spending to “buying dot.com stocks that lose money year after year.”

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