You are browsing the archive for 2013 June 19.

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CBO Scores Immigration Bill

June 19, 2013 in Economics

The Congressional Budget Office has fiscally scored the Senate’s immigration bill, S. 744, and found that it will decrease fiscal deficits over the next 20 years—giving a huge boost to reform proponents. Cato scholar Alex Nowrasteh explains how the CBO’s findings broadly confirm Cato’s research that immigration reform will be economically beneficial to immigrants and the country as a whole.

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Source: CATO HEADLINES

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Why Congress Should Abolish New Starts

June 19, 2013 in Economics

The New Starts program, created by Congress in 1991, “is the federal government’s primary financial resource for supporting locally-planned, implemented, and operated transit ‘guideway’ capital investments.” In a new paper, Cato scholar Randal O’Toole shows that New Starts has effectively given transit agencies incentives to select the costliest, rather than the most cost-effective, alternative to any transit problem, and argues that the program should be abolished.

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Source: CATO HEADLINES