Idaho Governor Butch Otter and the state legislature are seriously considering repealing the personal property tax on business equipment. The governor claims that repealing the tax would help the state’s economy, but says that he is “painfully aware” that repeal would dramatically cut into the revenues that many local governments depend on to provide public services. 1 The tax generates $141 million in revenue every year for cities, counties, and public schools. As a result, the Governor says that he “can’t predict” whether lawmakers will be able to reach agreement on repealing the tax.
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report February 13, 2013 IDACorp– Biggest Winner Under Property Tax Plan– Pays Nothing in State Income Taxes
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ITEP Work in Action February 7, 2013 Policy Matters Ohio: Kasich tax proposal would further tilt tax system in favor of Ohio’s affluent
Income tax cuts will increase inequality in Ohio and do little for our economy. The Kasich administration proposal to broaden the sales tax base, if done carefully, is helpful because… -
ITEP Work in Action February 4, 2013 Open Sky Policy Institute: 80 percent of Nebraskans would see tax increases if income taxes are cut
A move to cut income taxes in favor of higher sales taxes will lead to tax increases for 80 percent of Nebraskans, a report by the OpenSky Policy Institute shows.… -
report February 1, 2013 Kansas Governor’s New Plan Increases Taxes on Poor Yet Slashes Revenue by $340 Million
Kansas Governor Sam Brownback proposed, for the second straight year, major tax changes during his State of the State speech. These new changes include lowering the tax rates to 1.9 and 3.5 percent, eliminating itemized deductions for mortgage interest and property taxes paid, and raising the sales tax.
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ITEP Work in Action January 31, 2013 Voices for Utah Children: Analysis of a Three-Part Proposal to Reform Utah’s Sales Tax
A proposal that will be discussed during the 2013 General Session would return Utah’s state sales tax on groceries to the general sales tax rate, while offering two kinds of… -
ITEP Work in Action January 28, 2013 Georgia Budget and Policy Institute: Menu of Revenue Options to Pave Way for Georgia’s Rebound
Georgia is one of the most under-funded states in the country, but state lawmakers can remedy structural budget shortfalls by implementing revenue options used successfully by other states. Annual deep… -
report January 23, 2013 More Inaccuracies, Bigger Omissions: Arthur Laffer’s Newest Study of Income Tax Repeal Falls Short
Arthur Laffer’s consulting firm–Arduin, Laffer & Moore Econometrics (ALME)–has released a report purporting to show that North Carolina could usher in an economic boom if it repeals its personal and corporate income taxes and replaces them primarily with a much larger sales tax. Prepared for the Civitas Institute, “More Jobs, Bigger Paychecks” relies on an economic analysis that is fundamentally flawed to the point of making it entirely useless.
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ITEP Work in Action January 23, 2013 North Carolina Justice Center: A “Laffable” Plan for Tax Reform
EXECUTIVE SUMMARY This tax plan, if implemented, will provide the wealthiest 20 percent of taxpayers a significant tax cut, which would be paid for by increasing taxes on 60 percent… -
ITEP Work in Action January 17, 2013 The Commonwealth Institute: Governor’s Transportation Tax Hike Hits Low-Income Virginians Hardest
The tax and fee hikes proposed by Governor McDonnell to fund transportation will take a far larger share of income from Virginians at the low end of the income spectrum… -
ITEP Work in Action January 15, 2013 Tennesseans for Fair Taxation: Tax Modernization & Economic Stimulus Act
This plan will provide much needed tax breaks to 60% of Tennesseans, those low- and middle-income families most likely to put that money back into the local economy. For example:… -
ITEP Work in Action January 15, 2013 Oregon Center for Public Policy: No Special Treatment: Seven Reasons Why Oregon Should Not Reduce or Eliminate the Income Tax on Capital Gains
This issue brief examines seven reasons why giving special treatment to income from capital gains is a terrible idea: it would not stimulate additional economic growth, it would not attract… -
ITEP Work in Action January 15, 2013 Mississippi Economic Policy Center: Investing for Growth, Enhancing Our Prospects: Tax Reform in Mississippi
In any given year, the state of Mississippi and its residents accomplish a lot. Through the collective investment of our tax dollars, we maintain over 10,000 miles of roads, help… -
ITEP Work in Action January 15, 2013 Indiana Association for Community Economic Development: Indiana Property Taxes: Is Property Tax Relief or Tax Restructuring the Solution?
Many Indiana communities are once again experiencing what is perceived to be a property tax “crisis.” However, by its most common definition, a crisis implies a situation that is characterized… -
ITEP Work in Action January 15, 2013 Center for Tax and Budget Accountability: Issue Brief: Why Taxation in Illinois is Unfair
Tax policy is by its nature a contentious subject. In the end, individuals pay different proportions of their incomes in taxes to fund public services and a completely different matrix… -
ITEP Work in Action January 15, 2013 Center for Tax and Budget Accountability: Citizens Guide to the Illinois State Budget & Tax System
The Illinois State Budget is the state’s fundamental policy document. It defines what programs and services will receive financial support from the state. In a standard, non-overtime legislative year, Illinois… -
ITEP Work in Action January 15, 2013 New Jersey Policy Perspective: Gas Tax Talk Leads Down the Right Road
In the wake of restructuring proposals made by Governor Corzine, the gasoline tax is starting to be talked about as part of a solution to New Jersey’s financial crisis. This… -
ITEP Work in Action January 15, 2013 Iowa Fiscal Partnership: Putting Fairness First: Questions for Financing State and Local Government in Iowa
As state legislators close out the 2008 legislative session and confront the tasks of maintaining commitments and investing in Iowa’s future, they will have to deal with a basic question:… -
ITEP Work in Action January 15, 2013 Economic Opportunity Institute: Fairer Taxes for Washington: Taxing High Incomes to Reduce Regressive Taxes and Improve Public Services
Washington State’s seventy year-old tax structure is built on an ever-shrinking base, and taxes fall most heavily on those least able to afford them. This discussion brief outlines options for… -
ITEP Work in Action January 15, 2013 Policy Matters Ohio: A Step Toward Fiscal Balance? Options for Ohio’s Income Tax
In the spring of 2008, Ohio’s state government finds itself in familiar territory – facing a budget shortfall because of an inadequate revenue system and a slowing economy. Despite the… -
ITEP Work in Action January 15, 2013 New Jersey Policy Perspective: Funding for Business Tax Breaks Shows Skewed Priorities
The Fiscal Year 2009 budget proposed by Gov. Jon Corzine increases spending on tax breaks for businesses—tax breaks of questionable value, as some recent developments highlight— while investments in more… -
ITEP Work in Action January 15, 2013 Oregon Center for Public Policy: The 2007 Kicker: Wrongheaded, Unjust, Costly, and a Federal Tax Increase
The “close of session” economic and revenue forecast released in late August by the Office of Economic Analysis confirmed that personal income tax revenues for the 2005-07 budget cycle exceeded… -
ITEP Work in Action January 15, 2013 Agenda for Children: Building a Better Tax Cut: Alternative to SB87 Would Cut Taxes for Twice as Many Louisianans – at Half the Cost
On Wednesday, May 14, 2008, the House Ways and Means Committee approved SB 87, a measure originally sponsored by Senator Buddy Shaw and now backed by Governor Bobby Jindal. The… -
ITEP Work in Action January 15, 2013 The Commonwealth Institute: The Road Less Taken: Creating Fair Taxes As Well As Better Highways
In the face of a funding crisis, Governor Kaine and the General Assembly face a difficult choice: Raise taxes and fees or enter into the next biennium with little money… -
ITEP Work in Action January 15, 2013 Center for Public Policy Priorities: The Best Choice for a Prosperous Texas: A Texas-Style Personal Income Tax
The quality of life in Texas depends on our producing a well-educated workforce that can meet the demands of a global economy. A strong and vibrant public education for all… -
ITEP Work in Action January 15, 2013 New Mexico Voices for Children: Immigrants and the New Mexico Economy: Working Hard for Low Wages
The current debate over immigration – and particularly over immigrants without legal residency status – often centers on whether or not this group of people contributes to the economy or…