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Economic Policy Journal

Economic Policy Journal

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Published by: Roosevelt Campus Network on Dec 04, 2012
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07/05/2013

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Looking Aheadooking Ahead 
Issue No. 3, Fall 2012
 
The Cornell Roosevelt Instute Policy JournalThe Cornell Roosevelt Instute Policy Journal
 
Center for Economic Policy and DevelopmentCenter for Economic Policy and Development
 
 
LOOKING AHEAD
 
The Cornell Roosevelt Instute Policy Journal
 
Center for Economic Policy and Development
 
Issue No. 3, Fall 2012
 
President & Senior Policy Chairman
 
Michael Wodka ‘13
 
Layout & Design Editor
 
Isaac Rosenberg ‘13
 
Michael Wodka ‘13
 
Eding & Refereeing Team
 
Isaac Rosenberg ‘13
 
Victor Zhao ‘16
 
Mary Eloundou Nekoul ‘14
 
Dylan Sco ‘14
 
Michael Lemm ‘15
 
Nicholas Toth ‘14
 
 Ausn Opatrny ‘14
 
Said Israilov ‘13
 
Photo Courtesy
Front Cover Photos (clockwise from top le):
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Photos on Page 35:
 
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Back Cover Photo:
 
hp://wikihistoria.wikispaces.com/le/view/fdr.jpg/55841592/fdr.jpg
 
Copyright © 2012 by the Cornell Roosevelt Instute. All rights reserved. The views and opinions expressed herein are those of the authors. They do not expressthe views or opinions of the Cornell Roosevelt Instute.
 
 
 
3
 
TABLE OF CONTENTS
 
About the Roosevelt Instute
 
4
 
Leer from the Policy Director
 
5
 
Victor Zhao (CALS ‘16) 6
-
8
 
“Replacing the Employer Health Care Exclusion With Premium Support”
 
Replacing the employer health care tax deducon with a premium support plan will reduce health care costsand make the market fairer and more progressive.
 
Nicholas Toth (ILR ‘14) 9
-
11
 
“Stabilizing the Municipal Tax Base and Local Real Estate Markets through Public Finance”
 
This policy proposal oers a plan to reduce the risk of future foreclosures. By establishing a Bridge Loan Trust Fund, which would extend credit to homeowners and help them remain up to date on mortgage payments,municipalies can forfy their tax base and migate the impact of downturns.
Michael Lemm (HumEc ‘15) 12
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14
 
“Smulang Economic Growth in Poor Communies Through Public Transportaon Subsidies”
 
 As low 
-
income communies connue to fall behind with public transportaon resources that have been proven to smulate economic growth, it is important for Congress to create subsidies for public transit de-velopment in low 
-
income communies.
Ausn Opatrny (A&S ‘14) 15
-
18
 
“Quantave Easing Has Played its Role – Now Let it End”
 
Quantave easing is an emergency procedure that negavely distorts the money supply and should perma-nently cease in May 2013. It should be replaced with a policy that targets a nominal GDP growth rate.
Dylan Sco (A&S ‘14) 19
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20
 
“Indexing the Gasoline Tax to Inaon”
 
Congress should index the federal gasoline tax to inaon to save the struggling Highway Trust Fund, dis-courage excessive fuel consumpon, and support mass transit programs.
 
Mary Eloundou Nekoul (A&S ‘14) 21
-
24
 
“A Pre
-
Commitment Mechanism as a Supplement to Obesity Tax”
 
With nearly 2/3 of American adults overweight or obese, obesity has become a naonal concern. This pro- posal advocates a two
-
step approach to tackling obesity: taxes and pre
-
commitment contracts. This govern-ment program raises revenue, decreases negave externalies and is conngent on personal responsibility.
 
Said Israilov (HumEc ‘13) 25
-
27
 
“Eliminate the Home Mortgage Interest Deducon”
 
The regressive nature of the mortgage interest tax deducon disproporonately benets wealthy Ameri-cans. Eliminang it will make capital allocaon more ecient, increase the progressivity of the tax code,and reduce the decit.
Michael Wodka (A&S ‘13) 28
-
31
 
“Incenvizing Low
-
Income Workers to Save for Rerement”
 
Making the Savers Credit, a federal tax credit for low 
-
income workers, fully refundable would incenvize 45million more Americans to save for rerement and improve their current and future income security.
Serin Choi (A&S ‘14) 32
-
34
 
“Expanding Parcipatory Budgeng in New York City”
 
Parcipatory budgeng, a process that allows the whole community to formulate proposals on how toallocate funds and permits the whole community to vote on the implementaon of the proposals, should beulized more within New York City.

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