Ideas to Action:

Independent research for global prosperity

Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

NASCAR, Race Horses, and Tropical Deforestation? What Congress Could Do (Again) With Our Tax Dollars

I’ll admit that I’m not a Nascar fan, and I only watch horse racing during the Triple Crown (usually only the first two legs). But I am a big baseball fan and I still don’t think that my taxpayer dollars should be used to subsidize the building of fancy new stadiums, any more than they should be used to support race tracks or race horses. But what really disturbs me is that, with almost no scrutiny, my taxpayer dollars and yours might end up contributing to tropical deforestation and climate change.

Signs of Hope for Reforming Energy, Ag Subsidies?

Rising commodity prices and tight government budgets are adding to pressures to reduce subsidies for energy and agriculture in many countries. Two new reports, including my recent paper on agricultural and biofuel subsidies, provide fodder for this debate by documenting the extent of subsidies in these sectors and analyzing their negative effects, particularly for developing countries and the poor.

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