Get weekly updates from Reason.
Today's Top Topics
Recent Research and Commentary
The Hartgen Group and the Reason Foundation have released Transportation Priorities for North Carolina, a report recommending several significant changes to North Carolina’s transportation management process. The report for Governor Patrick McCrory and the North Carolina General Assembly recommend several changes to North Carolina's management process. North Carolina has a great opportunity to make major positive changes to its transportation system.
The DuPont Circle neighborhood of DC offers subsidized street parking. When a local politician suggested charging rates closet to market prices, his constituents rebelled. Yet charging market prices would be an effective solution for this neighborhood.
Who Benefits and By How Much?December 12, 2012
The federal income tax code is riddled with loopholes, deductions and credits designed to promote various social goals and benefit assorted groups of Americans. One of the largest of these is the mortgage interest deduction (MID), which allowed taxpayers to claim benefits of $82.7 billion in 2010, the latest data available. Given the number of recent proposals to change the MID in some way, it is helpful to review which households are claiming the mortgage interest deduction.
In a new policy summary, Reason Foundation offers a update to the 2011 study "Unmasking the Mortgage Interest Deducton" and takes a look at who is currently benefiting from the MID.
Joint Committee on Taxation data shows households making $100,000 or more a year constitute 55 percent of those claiming the MID, and they receive 78 percent of the deduction’s total benefits. The last two columns of our table of the JCT data show the average tax savings that households in each income group receive from the MID, and what those savings represent in monthly savings. For example, the MID saves middle-class households making between $40,000 and $75,000 a year around $80 a month. The MID is not the middle-class savior it is made out to be.
The Florida Supreme Court's decision violates the takings clause and should be reversed by the Supreme CourtDecember 1, 2012
The use and enjoyment of private property is a fundamental right, and important to a democratic society. The takings clause was designed to protect this core value.
This Court has long recognized that limitations on the exercise of rights in private property are as much "takings" as are physical invasion of property. Government regulation tends to become ubiquitous, and government constantly develops new and artful ways to appropriate rights to use and enjoy private property for the “public good.” Unless constrained by a requirement to compensate owners of private property, in a majoritarian system, government agencies will allocate disproportionate burdens of achieving public purposes to politically weak segments of the citizenry.
￼The Florida Supreme Court incorrectly court assumed that in Nollan and Dolan the land-use agencies had issued permits after actually taking the exacted property. In fact, in both Nollan and Dolan the agencies had imposed the exactions prior to issuance of the permits, similar to the case at bar.
Last Friday, the Atlanta Journal-Constitution printed my editorial that argued that Atlanta BeltLine Inc. is spending large amounts of public dollars while providing very little in return. BeltLine, Inc. disagreed with my analysis. To counter their argument, I have provided a more detailed analysis of why the BeltLine will not work.
Greater Greater Washington is upset that the Maryland Transportation Authority is encouraging drivers to sign up for EZPass. In GGW's world this is an attempt to increase driving. But Smart Growth advocates should support variable priced toll lanes because these facilities charge commuters the full cost of driving. GGW's viewpoint seems counter to their goals.
View Resources by Type
- How Housing Regulation Increases Class Segregation
July 20th, 2012
- Inflationese: Pick Up a New Language Today!
July 14th, 2012
- California’s Latest Misguided Attempt to Solve the Housing Crisis
July 6th, 2012
- 4 Reasons Why the Housing Market Still Hasn't Recovered
June 17th, 2012
- Peter Schiff In the Octagon with Furious Congressbots
June 13th, 2012
- Bloomberg (News): Obama Shoulda Made HAMP, HARP Bigger
June 13th, 2012
- A “home is an essential part of the American dream”; White House Weaponizing Home Ownership for Re-Election Campaign
June 13th, 2012
- Is It Even Possible to Lower Property Assessments "Improperly"?
May 25th, 2012
- Land Use Wars: George Lucas Strikes Back
May 22nd, 2012
- Of Course Foreclosure Settlement Money Isn't Going to People With Foreclosures
May 16th, 2012
- California's Latest Deadbeat Property Owner: The City of Stockton
May 11th, 2012
- Goodbye, Million-Dollar Starter Home. Hello, Half-Million-Dollar Teardown
April 22nd, 2012
- Third Summer of Recovery Is Already Over
April 16th, 2012
- NYT Debate: Is Smart Growth Good, Great or Terrific?
April 9th, 2012
- Tim Cavanaugh Talks Islamism, Obamacare and Stagflation on PJTV
April 9th, 2012
- "You're not stabilizing the market. You're creating more chaos."
April 3rd, 2012
- Loan-Modification Scams Only News When There’s Hotness Involved
March 30th, 2012
- No, This Is Not a Housing Recovery
March 23rd, 2012
- Reason.tv: Time To Take Our Medicine, Bring on the Foreclosures Says Jim The Realtor
March 21st, 2012
- Watch/Listen to Matt Welch and Peter Schiff Talk Presidential Politics & Economic Policy
March 14th, 2012
- How Housing Policy Caused the Financial Crisis: Q&A with AEI's Peter Wallison
March 12th, 2012
- Arlington County Housing Division Hosts "Housing 4 Hipsters" Happy Hour to Help Hipsters Find Housing Assistance
March 5th, 2012
- Washington’s Lousy Real Estate Portfolio
February 27th, 2012
- People Can Live Underwater, Although They May Not Like It
February 9th, 2012
- Nick Gillespie Talks Politics of Homeowning on Freedom Watch w Judge Napolitano
February 7th, 2012
- New Study Suggests Transportation Priorities for North Carolina (4/3)
- Solving the Parking Problem in DuPont Circle (3/29)
- Unmasking the Mortgage Interest Deduction - Update 2012 (12/12)
- Reason Foundation Supreme Court Amicus Brief: Koontz v. St. Johns River Water Management District (12/1)
- Atlanta BeltLine's Public Funding Should be Eliminated (11/6)
Experts: Urban Growth and Land Use
- Leonard Gilroy
Director of Government Reform
- Samuel Staley
- Jacob Sullum
RSS Feeds: Urban Growth and Land Use
Media ContactChris Mitchell
Director of Communications
Your tax-deductible gift can help us promote individual liberty, choice, and free minds and free markets.