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A Dynamic Score of the Proposals in the Budget Blueprint for Fiscal Year 2023

A government’s budget reflects its priorities. Choices about what to tax and what to subsidize follow from legislators’ priorities about what to discourage and what to encourage. Taxes, transfer spending, and debt financing reflect distributional concerns about who should bear the costs of government and who should receive additional benefits.
Parker Sheppard National Income Heritage Foundation Budget Blueprint For Fiscal Year Heritage Foundation Committee On Taxation Congressional Budget Office

Binding Arbitration Could Force Workers into Underfunded Pensions

The misnamed Employee Free Choice Act (EFCA, H.R. 800) is organized labor's top legislative priority. The portion of the bill that ends union organizing elections has received the most attention and criticism. No less dangerous, however, is a binding arbitration provision that would empower government officials to set workers' wages and working conditions. Binding arbitration could also force workers into multiemployer union pension plans, many of which are severely underfunded and can...
United States Conciliation Service Heritage Foundation Union Pension Pension Benefit Guarantee Corporation Employee Free Choice Act

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Executive Summary: Davis-Bacon Prevailing Wage Determinations Needto Be Calculated Scientifically

The Davis-Bacon Act requires contractors on all federal construction projects to pay their workers the prevailing wage in the same locality. However, the prevailing wages estimated by the federal gov­ernment are highly inaccurate. In some counties, for example, Davis-Bacon wage determinations are just one-third of market wages. In other counties, they are more than 75 percent above prevailing market wages. In some states, Davis-Bacon rates are actually below the minimum wage.
Congress Should Do Heritage Foundation Bureau Of Labor Statistics Hour Division National Compen Department Of Labor

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