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Daily Archives: April 26, 2012

Testimony – Federal Support for State and Local Governments Through the Tax Code

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Federal Support for State and Local Governments Through the Tax Code – Frank Sammartino – Assistant Director for Tax Analysis Before the Committee on Finance United State Senate, April 25, 2012

  • “The federal government provides financial support to state and local governments in a variety of ways. The largest amount comes to state and local governments in the form of grants, but the federal government also delivers support through the federal tax code by provisions that make it less expensive for state and local governments to raise revenues through their own tax collections and to
    borrow money by issuing bonds. That federal financial support covers the gamut of state and local government activities—including ones involving education, assistance to individuals and families with limited resources, transportation systems, and other infrastructure projects.”

    • New GAO Reports – Economic Development, FEMA, Federal Protective Service, Financial Literacy, Nuclear Security Enterprise, Private Health Insurance

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    Economic Development – Community Development Financial Institutions and New Markets Tax Credit Programs in Metropolitan and Nonmetropolitan Areas – GAO-12-547R, Apr 26, 2012 Federal Emergency Management Agency – Workforce Planning and Training Could Be Enhanced by Incorporating Strategic Management Principles, GAO-12-487, Apr 26, 2012 Federal Protective Service, Better Data on Facility Jurisdictions Needed to Enhance… Continue Reading

    New Internet Security Report Highlights Vulernability of HTTPS Websites

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    Computer World: “Ninety percent of the Internet’s top 200,000 HTTPS-enabled websites are vulnerable to known types of SSL (Secure Sockets Layer) attack, according to a report released Thursday by the Trustworthy Internet Movement (TIM), a nonprofit organization dedicated to solving Internet security, privacy and reliability problems. The report is based on data from a new… Continue Reading

    Study – The Evolution of Treasury Cash Management during the Financial Crisis

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    “A new study from the New York Fed, The Evolution of Treasury Cash Management during the Financial Crisis, reveals how the U.S. Treasury altered its cash management practices during the 2008-09 financial crisis to facilitate the Federal Reserve’s expansion of credit to banks, primary dealers, and foreign central banks. Author Paul Santoro argues that this… Continue Reading

    CRS – Requiring Individuals to Obtain Health Insurance: A Constitutional Analysis

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    Requiring Individuals to Obtain Health Insurance: A Constitutional Analysis, April 6, 2012 “As part of the Patient Protection and Affordable Care Act (ACA), P.L. 111-148, as amended, Congress enacted a “minimum coverage provision,” which compels certain individuals to have a minimum level of health insurance (i.e., an “individual mandate”). Individuals who fail to do so… Continue Reading

    UK Study – ICO report finds many people becoming a 'soft touch' for online fraudsters

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    News release: “The Information Commissioner’s Office (ICO) is urging consumers to take better care of their data, following an investigation into the trade in used hard drives. The ICO has published new guidance to help individuals securely delete personal information from their old devices. An investigation by the ICO found that one in ten second-hand… Continue Reading