Endnotes Chapter 3

Endnotes Chapter 3

1 The minimum wage would lead to job losses.

2 These cost estimates are net costs (or revenues) to the federal and state governments based on changes in SSI, TANF, SNAP, UI, public/ subsidized housing, LIHEAP, WIC, CCDF benefits paid to recipient and changes in tax liabilities and credits. The majority of costs are federal however state costs for UI, SSI, TANF, and CCDF are also included, as well as state tax liabilities and credits. Costs do not include any administrative costs and are in 2010 dollars.

3 White House Office of Management and Budget, Historical Tables, Table 1.1 Summary of Receipts, Outlays, and Surpluses or Deficits: 1789-2019, http://www.whitehouse.gov/sites/default/files/omb/budget/fy2015/assets/hist01z1.xls, accessed Sept 2, 2014; and U.S. GDP in 2010 = $14,958.3 billion, World Bank World Development Indicators http://data.worldbank.org/indicator/ NY.GDP.MKTP.CD, accessed Sept 2, 2014.

4 National Priorities Project. 2014. “Voter Guide 2014: Overseas Contingency Operations (War Funding)” https://media.nationalpriorities.org/uploads/

5 Phillips, Richard, Steve Wamhoff, and Dan Smith. June 2014. “Offshore Shell Games 2014: The Use of Offshore Tax Havens by Fortune 500 Companies.” Washington, DC: U.S. PIRG Education Fund and Citizens for Tax Justice. http://ctj.org/pdf/offshoreshell2014.pdf.

6 Citizens for Tax Justice. July 8 2014. “Addressing the need for more federal revenue.” http://www.taxjusticeblog.org/archive/2014/07/new_report_addressing_ the_need_1.php - .VDQpVBa1Z8N.

7 Americans for Tax Fairness and National Women’s Law Center. May 2014. “A Good Starting Point: 23 Options from Rep. Dave Camp for Closing Tax Loopholes.” http://www.americansfortaxfairness.org/2014/05/06/tax-fairness-coalition-finds-points-of-agreement-with-house-republican-tax-reform-plan/.

8 Holland, Steve and David Alexander. Dec. 19, 2014. “Obama signs nearly $578 billion defense bill for fiscal 2015.” Reuters. http://www.reuters.com/article/2014/12/19/us-usa-defense-obama-idUSKBN0JX2IM20141219.

9 Fallows, James. Jan/Feb 2015. “The Tragedy of the American Military.” The Atlantic. http://www.theatlantic.com/features/archive/2014/12/the-tragedyof-the-american-military/383516/.

10 Center for American Progress. June 17, 2013. “Priorities for Progressive, Pro-Growth Corporate Tax Reform.” http://www.americanprogress.org/issues/tax-reform/report/2013/06/17/66645/priorities-for-progressive-pro-growth-corporate-tax-reform/.

11 Citizens for Tax Justice, July 8 2014, op. cit.

12 Harry Stein, Alexandra Thornton, and John Craig. September 2014. “The Growing Consensus to Improve our Tax Code.” Center for American Progress: Washington, DC. This is for eliminating the exception for performance-based compensation and applying the limit to all employees not just top executives.

13 Americans for Tax Fairness and National Women’s Law Center, May 2014, op. cit. This refers to repealing the last-in, first-out (LIFO) method of inventory ($79.1 billion over 10 years), repealing the lower of cost or market method of inventory ($3.8b/10), limiting the net operating cost deduction ($70.5b/10), repealing/modifying the like-kind exchange rule ($40.9b/10), amortizing certain advertising expenses ($169b/10), amortizing research and experimentation expenses ($192.6b/10), limiting the use of the cash method of accounting ($23.6b/10), and repealing the deduction for local lobbying expenses ($0.6b/10).

14 President’s Budget FY2015, Tables of Revenue Estimates, http://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2015-Tables.pdf.

15 Americans for Tax Fairness and National Women’s Law Center. August 2013. The High Price of Tax Loopholes. http://www.americansfortaxfairness.org/tax-tradeoffs/.

16 President’s Budget FY2015, op. cit.

17 Americans for Tax Fairness and National Women’s Law Center, op. cit.

18 Stein et al., op. cit.

19 Americans for Tax Fairness and National Women’s Law Center, op. cit.

20 Americans for Tax Fairness and National Women’s Law Center, op. cit.

21 Committee for Responsible Federal Budget. Nov 8, 2013. “The Senate Democrats’ list of tax breaks to axe.” http://crfb.org/blogs/senate-democrats-list-tax-breaks-axe.

22 Sawhill, Isabel and Quentin Karpilow. 2014. “Raising the Minimum Wage and Redesigning the EITC.” Center on Children and Families at the Brookings Institute. www.brookings.edu/research/papers/2014/01/30-raising-minimum-wage-redesigning-eitc-sawhill

23 Passel, Jeffrey S., and D’Vera Cohn.  2011. “Unauthorized Immigrant Population: National and State Trends 2010”.  Washington, DC: Pew Research Hispanic Trends Project