
May 27, 2014
An analysis by the Institute on Taxation and Economic Policy, a Washington D.C. nonprofit, showed that the moves designed to help Ohioans beyond the top income brackets - the higher personal exemptions and earned income tax expansion - would generate only very modest savings for middle-income Ohioans and almost nothing for the poorest Ohioans
May 27, 2014
By Editorial Board, May 25, 2014 Iowans on the road this Memorial Day weekend will likely encounter some traffic delays. It’s that time of the year when work gets underway on the state’s highways and bridges. The Iowa Department of Transportation is already looking down the road to $2.7 billion in major highway construction projects […]
May 23, 2014
By Paul Egan, May 23, 2014 High fuel taxes and low spending on roads. It’s a nasty combination, but Michigan motorists can rightfully complain they pay some of the highest fuel taxes to drive on some of the lousiest roads. According to national data, Michigan has the sixth-highest state taxes on gasoline but one of […]
May 22, 2014 • By ITEP Staff
Unless lawmakers reverse course, close to one million working families in North Carolina will claim the state Earned Income Tax Credit (EITC) for the last time this tax season, bringing pain to individual families and local economies. One year ago, North Carolina lawmakers put an end to the tax credit and subsequently pursued deep tax […]
May 22, 2014 • By ITEP Staff
It comes as no surprise to working families that North Carolina’s tax system is fundamentally unfair. Families who make less than $47,000 a year pay, on average, nearly 2 times more of their income in state and local taxes than those making more than $345,000. But taxpayers don’t have to accept this fundamental unfairness. One […]
May 22, 2014 • By ITEP Staff
The more money you make in Illinois, the lower share of it you pay in state and local taxes. If that sounds unfair, that’s because it is. In fact, low- and middle-income workers pay, on average, two to three times the percentage of their income in state and local taxes that the wealthiest Illinoisans pay. […]
May 22, 2014 • By ITEP Staff
Previous posts have described how a state Earned Income Tax Credit (EITC) would help working low-income Kentuckians make ends meet and reach every corner of the state. A state EITC would also make the tax system fairer, as shown in a new report by the Institute on Taxation and Economic Policy (ITEP). Kentucky’s tax system […]
May 22, 2014 • By ITEP Staff
Efforts to modestly raise the minimum wage in Louisiana failed this legislative session — even though the wage isn’t high enough to keep a full-time worker with a child out of poverty. But some opponents of giving the lowest-paid workers a raise have suggested another pro-work, anti-poverty policy as an alternative: increasing the value of […]
May 22, 2014 • By ITEP Staff
Honorable Senator Haskell, Representative Goode, members of the Joint Standing Committee on Taxation, I am Garrett Martin, Executive Director of the Maine Center for Economic Policy (MECEP). I am here today to speak in opposition to LD 1664. Since 2011, Maine’s tax code has gotten less, not more, fair. Reductions to the top income tax […]
May 22, 2014
By Star-Ledger Editorial Board, May 20, 2014 Gov. Chris Christie has promised to announce a plan this week to put our state budget on life support. He’s suggested he will do whatever it takes — politics be damned — to close the $807 million hole we are facing: “Everything is on the table to balance […]
May 21, 2014
Undocumented Californians also paid about $2.7 billion in taxes, including property, sales, and income taxes, in 2010, according to the most recent annual estimate available from the Institute on Taxation and Economic Policy. "There's this misconception that undocumented people are 'takers' -- that they're benefiting from public benefits but not contributing," said Daniel Zingale, senior vice president of The California Endowment, which has embarked on a multimillion-dollar campaign -- also named "Health for All" -- to raise awareness about undocumented people and their inability to access health care.
May 21, 2014 • By ITEP Staff
This issue brief from the Fiscal Policy Center at Connecticut Voices for Children identifies a feature of the Connecticut tax system that effectively penalizes households with children, relative to households without kids. Across the country, nearly all states that have enacted an income tax have also enacted some form of tax exemption, deduction or credit […]
May 19, 2014
“Editorial, May 18, 2014 Faced with growing budget deficit partially of its own making, the Corbett administration likely will retreat from its previously planned 3.7 percent increase in state spending this election year and move instead to cut about $800 million from its tentative budget proposal. It’s not yet known whether that will mean a […]
May 19, 2014
By Michael Fuetsch, May 19, 2014 The gasoline tax is so low and has not been raised for so long in 10 states, that the levy’s purchasing power has fallen to historic lows, a new study said. States where this has occurred are Alabama, Alaska, Delaware, Idaho, Iowa, Nebraska, New Jersey, South Carolina, Utah, and […]
May 19, 2014
By Alex Napoliello, May 19, 2014 New Jersey’s gas tax is at an all-time low. That may not be a surprise for those who have been following a recent proposal to raise the tax. But what may be a shock is that the state’s gas tax is almost half of what it was in 1927. […]
May 19, 2014
By B.A. Morellie, May 19, 2014 A new report shows Iowa is one of 10 states where the gas tax, when considering inflation, is at a historic low. The report was critical of falling behind on the gas tax, saying the tax supports roads and transportation infrastructure, and many states are falling behind. “This isn’t […]
May 16, 2014 • By ITEP Staff
This report from the Fiscal Policy Center at Connecticut Voices for Children compares Connecticut’s tax system to those of other states and finds: Connecticut is nearly alone among states in not making broad-based tax adjustments for families with dependent children. More than half of states with an income tax (24 of 41 states) offset the […]
May 12, 2014 • By ITEP Staff
The Missouri Senate approved Senate Bill 509 this week. The measure would require sharp cuts to state services, undermining Missouri’s economy by starving it of the resources it needs to offer quality education from preschool to college, a state of the art infrastructure, and safe, healthy and stable communities. Moreover, the minor tax reduction for […]
May 12, 2014 • By ITEP Staff
The Michigan League for Public Policy opposes Senate Bill 402. Across‐the‐board cuts in the state’s personal income tax will not create jobs or grow the economy in Michigan. They could, however, affect long-term prosperity by locking in cuts in funding for public schools, colleges and universities, and local communities—the very services and public structures that […]
May 12, 2014 • By ITEP Staff
The Michigan League for Public Policy opposes House Bills 5265, 5266, and 5267 because across-the-board cuts in the state’s personal income tax will not create jobs or grow Michigan’s economy. In fact, revenue reductions associated with income tax reductions could affect long-term prosperity by locking in cuts in funding for colleges and universities, local communities, […]
May 12, 2014 • By ITEP Staff
Proposals to roll back the personal income tax in Michigan will not create jobs or grow our economy and will disproportionately benefit the wealthiest taxpayers the most. In fact, most of the benefits of a cut in the state’s personal income tax from 4.25% to 3.9% would flow to Michigan’s wealthiest taxpayers, according to an […]
May 12, 2014 • By ITEP Staff
The debate over changing Georgia’s tax system is quieter than usual at the Georgia General Assembly this year. Still, some efforts are afoot to push Georgia in a radical tax direction over time. Two resolutions gaining traction would put new tax restrictions in the state constitution. Senate Resolutions 412 and 415, sponsored by Senate Pro […]
May 12, 2014 • By ITEP Staff
Most DC residents — like most Americans — agree that income tax rates should be graduated by income. Low-income households should pay the lowest rate, so that there is an incentive to work and they can support their basic needs. This kind of progressive approach also means tax rates get higher as incomes rise and […]
May 12, 2014
By Jason Noble, May 10, 2014 “Iowa is one of 10 states in which fuel taxes have hit an inflation-adjusted “all-time low,” according to a report issued last week by a Washington think tank. The state’s current 19 cents per gallon tax on fuel has been in place since 1989. Inflation over that time, though, […]
May 12, 2014
(Original Post) Morning Tax, May 9, 2014 The Institute on Taxation and Economic Policy has a new report that finds that ten states have record-low gas tax rates when inflation is factored in. The South Carolina gas tax, for example, has been at 16 cents a gallon for more than a quarter-century, even longer than […]