Daily Deduction

from the Tax Policy Center

Highways, Pensions, Deficits and Reform: A Long and Winding Road

By :: June 27th, 2014

“Are we there yet?” It’s just a little (or a lot) further for the federal Highway Trust Fund. Congress just left for a week-long recess, leaving the Highway Trust Fund nearly empty. The Senate Finance Committee didn’t support Chairman Ron Wyden’s $9 billion tax-raising patch, in spite of Wyden’s willingness to drop some tax increases. He hopes to work out a compromise with House Ways & Means Chairman Dave Camp and both would like agreement in early July. About 112,000 construction projects and almost 700,000 jobs are on the line. With stakes like these, it makes one wonder whether government trust funds make any sense.

New Jersey’s Governor Christie has court authority to cut pensions. The state’s Democratic-majority legislature has proposed a temporary $1 billion tax hike on millionaires and corporations to fill New Jersey’s pension shortfall. But Republican Governor Christie has won state court authority to cut state pension payments by $887 million this year.

Pennsylvania’s GOP House would suspend tax credits to help close the state’s deficit. Facing a $1.5 billion budget shortfall, the House passed a budget bill that suspends 13 tax credits worth $48.2 million.

Indiana’s Republican Governor Mike Pence wants to reform the state’s tax code. The state’s Office of Management and Budget convened a “mix of national conservative leaders and state and local tax experts” to explore ideas. The primary goal, summit participants said, is simplification. Coincidentally, the state will simplify the way it taxes gasoline. Starting July 1, the state will replace a prepaid gasoline sales tax collected by gas stations with a new gasoline use tax based on the previous month’s statewide average cost of a gallon of gas. Indiana will collect the tax from gasoline distributors.

The District of Columbia just approved its own version of tax reform. TPC’s Howard Gleckman gives voice to the tacit manner in which race and class shaped the final product.

Want to test drive your taxing and spending skills? The Committee for a Responsible Federal Budget has updated its online fiscal simulator. It’s harder to balance a national budget than it looks. Drive safely.

Interested in subscribing to The Daily Deduction, the Tax Policy Center summary of the day’s tax news? Sign-up here for free access. If you’d like to tell us about a new research paper or have any comments about our new feature, write us at dailydeduction@taxpolicycenter.org.



  1. Michael Bindner  ::  2:19 pm on June 27th, 2014:

    I suspect that a bit of summitry is the best solution – with administration representatives in the room as well. Cigars options. The accompanying graph, however, is more scary then necessary. It could go to the existing curve, depending on gas prices and driving patterns – which impact collections. Still, a bleaker curve may get the GOP to move more.

    The authority to cut pensions is unfair to the extend he can change terms and dangerous to the extent that he can use creative accounting to get there. Of course, the Democratic bill has no chance of being signed by a Republican presidential candidate – especially as it targets his donors (who should pay but won’t).

    Pennsylvania’s cutting of tax credits could be good or bad, depending on whose credits get cut. I suspect it is bad.

    Mike Pence is being all to creative in the changes he seems to favor. Simply hiding the gas tax won’t make the need for it go away. Any good tax reform should move pain from the bottom to the top. I don’t trust him to do that. More money for the poor and middle class is always better than more for the rich. Reform is never value neutral.

    I see the Council of the District of Columbia passed its tax reform on the margins. Cigars for everyone!

    I test drove my cutting skills. I got exactly the goal and was very progressive – probably as progressive as one can be and hit that mark. My options would take it up even a notch more. TPC is free to score my plan and send it over to Maya for inclusion in the model at any time.

  2. depression  ::  9:19 pm on July 2nd, 2014:

    Hello! I could have sworn I’ve been to this website before but
    after browsing through some of the post I realized it’s new to me.
    Anyhow, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  3. support.magmic.com  ::  10:17 pm on July 5th, 2014:

    gift cards promotional codes amazon 2013

  4. https://gntl.zendesk.com/entries/29504139-What-Google-Can-Teach-You-About-Side-Effects-Of-Phytolacca-Berry  ::  1:11 am on July 9th, 2014:

    The calorific valuation on coals depends around the
    quality in the coal and the place from where it’s mined. Unfortunately, these
    plants might be somewhat cumbersome to look after.
    All you have to do is figure out everything you can eat that’s related for
    the plant world. Plant sterols are great for digestive regulation and can even help prevent disease, and are great for individuals with heart problems since they maintain overall
    heart health.

  5. tactical flashlight  ::  1:58 am on July 9th, 2014:

    surefire x400 ultra

  6. gforceweb.zendesk.com  ::  7:35 am on July 11th, 2014:


    TaxVox » Blog Archive Highways, Pensions, Deficits and Reform: A Long and Winding Road » TaxVox

  7. sears tires  ::  8:31 am on July 11th, 2014:

    sears tires

    TaxVox » Blog Archive Highways, Pensions, Deficits and Reform: A Long and Winding Road » TaxVox

  8. Cinvestav.Mx  ::  8:58 am on July 12th, 2014:


    TaxVox » Blog Archive Highways, Pensions, Deficits and Reform: A Long and Winding Road » TaxVox

  9. http://designshack.net/member/terrancehanderson  ::  2:04 pm on July 13th, 2014:

    chromium use

  10. xenanetworks.zendesk.com  ::  12:22 am on July 22nd, 2014:


    TaxVox » Blog Archive Highways, Pensions, Deficits and Reform: A Long and Winding Road » TaxVox

  11. top cordless phones 2013  ::  6:43 am on August 1st, 2014:

    top cordless phones 2013

    TaxVox » Blog Archive Highways, Pensions, Deficits and Reform: A Long and Winding Road » TaxVox

  12. https://m2automation.zendesk.com/entries/46149285-body-building-diet-strategies-for-all  ::  3:50 am on August 21st, 2014:

    calories in apple cider alcohol

    Such individuals open sites where they dupe students into making payments for their academic papers.
    In each example it is possible to see simply how much better the other sentence is.
    Calories burned shoveling dirt so (https://m2automation.zendesk.com/entries/46149285-body-building-diet-strategies-for-all) Write letters
    that ask opinions of persons you’re posting personal letters to, even if it is only “Good, huh. Let us now discuss the way to start article writing product reviews for clothing apparel.

  13. Sergio Feyen  ::  10:11 am on August 25th, 2014:

    The average score for the verbal section is 460 while that for the quantitative section is 590.
    There are often ways to solve problems that don’t
    involve complex algebra. The schools usually evaluate the applicants via Grade Point Average,
    Graduate Record Exam, Medical College Admission Test or the number of hours of patient-care expertise.

  14. anchorvale crescent new ec  ::  4:45 am on August 27th, 2014:

    Having read this I thought it was extremely informative.

    I appreciate you spending some time and energy to put this short article together.

    I once again find myself spending way too much time both
    reading and commenting. But so what, it was still worth it!

  15. Click Here  ::  3:17 pm on September 3rd, 2014:

    Have you ever thought about writing an ebook or guest authoring on other sites?
    I have a blog based upon on the same topics you discuss and would really like to have you share some stories/information. I
    know my viewers would enjoy your work. If you are even remotely
    interested, feel free to shoot me an email.

  16. Pearline  ::  12:03 pm on September 4th, 2014:

    Alan Wisdom from Microtill writes about Touch Screen Tills at.
    In addition to the spectaculaar savings and opportunities, you can also sign up for their newsletter, keeping you up-to-date on all the latest and
    greatest iin information, technology and much more when itt cojes to laptops and laptop
    LCD screens. Next that will, you simply must unscrew the actual display screen in the brackets.
    Are you looking for lp173wd1 laptop screen replacement.

  17. Pearlene  ::  12:49 pm on September 4th, 2014:

    This was probably inevitable with the recent popularity and the enormous
    commerccial success of the 3D movie Avatar, whiich has placed 3D back on everyone’s mind.
    These gaming laptops will incorporate Three
    GPUs in one system with the integrated Ge – Force 9400M and
    two Nvidia Ge – Foorce 9800M GTS cards through SLI
    (Scalable Link Interface). This is another example which shows the current trend of mobile operating systems inspiring their desktop counterparts.

    6 laptop comes with value-added software to enhance your notebook experience.

  18. zero-cost fuck video,entirely free sexual activity,hardcore videos,sex tube,teens,free porn,freeporn,pornos,sexy,stars,very hot sluts,adult person digital video  ::  6:26 am on September 5th, 2014:

    I wanted to thank you foor this fatastic read!!

    I definitely lovsd every bitt oof it. I’ve got youu bookmarked to check out new things you post…

    Visit my homepage zero-cost fuck video,entirely free sexual activity,hardcore videos,sex tube,teens,free porn,freeporn,pornos,sexy,stars,very hot sluts,adult person digital video

  19. porn  ::  10:08 am on October 5th, 2014:

    porn movie, porn, rough sex, hard anal, brutal

  20. good  ::  6:05 pm on April 14th, 2015:

    For some reason or another, I can’t see all of this blog, it keeps disappearing? Are you taking advantage of java?
    good http://www.t.stt.com