April 30, 2013
The desire to help small business owners is understandable, as they are an important component of our economy and communities. However, the granting of preferential tax treatment for people reporting “business income,” as some lawmakers are considering under a banner of “helping small business,” is a terribly misguided idea. Read the Full Report
April 30, 2013
By Dan Kane [email protected] Posted: Monday, Apr. 29, 2013 In the thick of the Great Recession four years ago, state lawmakers fought into the evening over a proposed one-penny increase in the state’s sales tax to prevent further cuts to schools, courts and health care services. House Minority Leader Paul “Skip” Stam grabbed the microphone […]
April 26, 2013
An income tax cut deal has been reached between Governor Fallin and Legislative leadership. The proposal is moving through the Legislature as HB 2032. This fact sheet explains what’s in the latest deal and how it will affect Oklahomans. Read the Full Report
April 26, 2013 • By Carl Davis
Indiana Governor Mike Pence and the state's legislative leaders recently announced a budget agreement that, among other things, phases the state's flat personal income tax rate down from 3.4 percent to 3.23 percent by 2017.
April 24, 2013
(Original Post) By Jillian Berman Posted: 04/24/2013 3:38 pm EDT | Updated: 04/24/2013 3:44 pm EDT Hundreds of Fortune 500 companies are reaping billions at the expense of Uncle Sam because of a legal tax break that critics claim defies “common sense.” Over the past three years 280 Fortune 500 companies have taken home a […]
April 24, 2013
(Original Post) According to Gallup, Americans may object to increasing gas prices while the economy is still unstable. By Douglas Newcomb As state legislatures across the U.S. debate whether to raise gas taxes to repair crumbling roads, a new Gallup poll finds that two-thirds of Americans would vote against gas tax hikes in their home […]
April 24, 2013
(Original Post) By Nanette Byrnes Tue Apr 23, 2013 2:19pm EDT (Reuters) – From Louisiana to Ohio, Massachusetts and Nebraska, bold proposals to upend state tax laws are losing momentum in the face of political squabbles and special interest opposition. Just a short time ago, it looked as if several state leaders would show gridlocked […]
April 22, 2013
Since the 21-percent reduction in state income taxes approved in 2005, Ohio’s economy has underperformed the nation. There is little reason to believe that another round of income-tax cuts will produce a different result.Read the Full Report
April 22, 2013
(Original Post) The price of gasoline is constantly on people’s minds. The prices you see on those gas-station signs everywhere you drive are tough enough to swallow, but what you may not know is the extent to which gas taxes contribute to those prices. The federal tax is $0.184 per gallon, and states add their […]
April 22, 2013
(Original Post) By Aaron LoudenslagerThe Badger Herald Apr 22, 2013 6:00am Some debates are perpetual in nature. The never-ending debate about whether or not the minimum wage is good economic policy is one of them. Regardless, it is a debate I find intriguing and one I feel obligated to enter. Contrary to the assertions of […]
April 22, 2013
Written by Dan Carpenter Do Hoosiers even want Gov. Mike Pence’s income tax cut? And should they, considering that Indiana has one of the most regressive, elitist, tax systems in the nation, and what’s on the table will only make matters worse? The first question was put to Pence in a recent meeting with The […]
April 22, 2013
(Original Post) By Brad CooperKansas City Star Published Sunday, April 21, 2013, at 6:54 a.m. Eliminating or slashing the income tax is a romantic idea for many politicians. Getting there is much less dreamy. Just ask Republican Kansas Gov. Sam Brownback and a handful of other GOP governors who want income tax cuts but propose […]
April 22, 2013
(Original Post) By Caroline Fairchild Posted: 04/20/2013 9:13 am EDT | Updated: 04/20/2013 9:19 am EDT As Washington lawmakers struggle to find ways to balance the national budget, a significant source of revenue may be burning away right before their eyes. The federal legalization of marijuana would offer a large new revenue stream, according to […]
April 22, 2013
(Original Post) April 19, 2013|By WADE GIBSON | COMMENTARY, The Hartford Courant Most people would agree that Connecticut’s wealthiest residents should pay a greater share of their income in taxes than middle- and working-class residents. With 100, 1,000 or even 10,000 times more disposable income than the average resident, the state’s richest individuals can afford […]
April 22, 2013
(Original Post) by LAMAR W. HANKINS “Now a petty, narcissistic, pridefully ignorant politics has come to dominate and paralyze our government, while millions of people keep falling through the gaping hole that has turned us into the United States of Inequality.” – Bill Moyers Almost every week, I hear from a friend, acquaintance, or political […]
April 22, 2013
By Travis Waldron on Apr 18, 2013 at 5:00 pm New Jersey Gov. Chris Christie (R) is reviving a once-failed income tax plan that will give a 10 percent tax cut to all of the state’s residents but will grant more of its benefits to the wealthiest New Jerseyans. Christie pitched a similar plan in […]
April 22, 2013
(Original Post) By Brandon Blackwell, The Plain Dealer on April 15, 2013 at 8:00 PM, updated April 15, 2013 at 8:03 PM COLUMBUS, Ohio – Gov. John Kasich’s plan to slash income taxes would allow Ohioans to keep more of what they earn than the revamped proposal by his fellow Republicans in the Ohio House. […]
April 19, 2013
State revenues plummet in recessions, just when states can least afford the loss. Some proposals to address this flaw in state tax systems would change the systems’ structure — for instance, by replacing state personal income taxes with sales taxes — but wouldn’t solve the problem and would exacerbate others in state tax systems. States […]
April 16, 2013
As Minnesotans debate an income tax increase on the highest-income households, they should do so knowing that a large and growing body of economic research makes it clear that such factors as job opportunities, housing costs, climate and being close to family are much more often behind moves from state to state – not changes […]
April 15, 2013
(Original Post) It’s pretty clear that US businesses are socked more than their global peers, but just how much they actually pay is quite murky. By Jonathan Berr Fri 10:58 AM Democrats and Republicans, who agree on very little anymore, are united in their belief that the top rate for U.S. business taxes needs to […]
April 15, 2013
April 12 By BRAD COOPER The Kansas City Star TOPEKA — This could be, for better or worse, the year of the poor in Kansas. The dominant powers in the Statehouse — Republicans controlling the legislative and executive branches — regularly press bold measures calculated to jet-charge the economy and put more people to work. […]
April 15, 2013
(Original Post) Updated April 12, 2013, 11:48 a.m. ET The federal gasoline tax is broken. Our highways and bridges are in desperate need of improvement and repair and revenue collected from the 18.4 cent per-gallon tax—the main source of funding for roadways—is falling far short of what we need to fix our crumbling infrastructure. There […]
April 15, 2013
(Original Post) By Plain Dealer guest columniston April 14, 2013 at 3:00 AM On April 13, 2001, my son’s preschool was closed for Good Friday, and I was very pregnant, not done with my tax return and facing a mountain of work before my baby arrived. After running my son around all morning, I warned […]
April 15, 2013
(Original Post) Posted: 04/13/2013 By: Max Resnik TULSA – According to the non-partisan, non-profit Institute on Taxation and Economic Policy, the proposed income tax cut currently being discussed by Oklahoma Gov. Mary Fallin and legislative leaders would add little cash to the pockets of Oklahomans. Much of the discussion has involved reducing the income tax […]
April 12, 2013
Apr. 12, 2013 12:45 PM Written by Gilda Jacobs is president and CEO of the Michigan League for Public Policy. Tax day is right around the corner — and if you are a hardworking family in a low-paying job, you may be in for a big surprise. That’s because in 2011 the Michigan Legislature slashed […]