The federal income tax exemption for state and local government securities has been a controversial issue for many years. Opponents of the exemption believe that it is inequitable, reduces risk investment by high-bracket taxpayers, and costs an excessive amount to the federal government. Proponents argue that elimination of the tax exemption would make the cost of borrowing money to many state and local governments prohibitive. The purpose of the study was to try to narrow down the differences among experts in taxation and the municipal bond market on the facts and analyses with regard to this matter of public policy.
In his new book, Real Education: Four Simple Truths for Bringing America's Schools Back to Reality, AEI's Charles Murray focuses on four simple, hard truths that are rarely discussed or even acknowledged by educators and politicians.
In this provocative new book, Arthur C. Brooks explodes the myths about happiness in America. He examines vast amounts of evidence and empirical research to uncover the truth about who is happy in America, who is not, and why.
