The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
An item from "The Short Run" in the May/June issue of Dollars & Sense.
A study of drug treatment programs published in the journal Health Policy Research has found that every dollar spent on treatment saves $7 in costs ranging from health care and mental health services, to criminal activities and resulting incarceration, to lost earnings. The authors conclude: “Even without considering the direct value to clients of improved health and quality of life, allocating taxpayer dollars to substance-abuse treatment may be a wise investment.” The study focuses on drug treatment programs in California, where, in 2000, voters overwhelmingly supported Proposition 36, which requires treatment rather than incarceration for drug offenders. The results confirm an earlier UCLA study that found that the state saved $2.50 for every dollar spent; the Drug Policy Alliance projected a savings of $1.4 billion for the first five years of the state’s new emphasis on treatment.
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