Citations

In addition to this Budget Overview section, this briefing also includes a section on the Economic Context for deliberations regarding the state’s 2013-2014 budget and a section on Tax Policy, a major focus of the Fiscal Policy Institute’s work. Read the Full Report (PDF)

In 2003, the Montana Legislature passed a capital gains tax credit that benefits a very narrow portion of our population at the great expense of our collective ability to adequately invest in public programs, from education to health care. Currently, Montana is one of just nine states offering a significant tax break for capital gains […]

This brief finds that Connecticut’s wealthiest residents pay a smaller share of their income in state and local taxes than middle-income and low-income residents. Read the Full Report

One sometimes hears that recent state income tax increases on the rich could cause them to leave Connecticut for New York and points south. Academic research has shown that taxes are simply not a significant factor in families’ moving decisions. Nonetheless, some believe they are, and so it is important for policymakers to understand how […]

To ensure Rhode Island uses its available resources in the most effective way possible, it’s time to subject tax breaks, that cost the State over $1.7 billion a year, to the same scrutiny given to money spent through the state budget. Read the Full Report

The Earned Income Tax Credits (EITC) is widely recognized as an effective, short-term tool for lifting low-income working families out of poverty by encouraging work and supplementing low wages.  Rhode Island should enhance the effectiveness of its state EITC by increasing the refund available to low-wage workers.  This would put money in the pockets of […]

Governor Walker has proposed an income tax cut that would benefit the highest earners the most, and would result in insignificant tax cuts for low-income Wisconsinites. Read the Full Report

This study examines the relationship between voter ideology and the distribution of tax burdens across income groups using state and local data, aggregated at the state level, for 1995, 2002, and 2007. I find that average voter liberalism is positively related to subnational tax progressivity. However, the effects are economically insignificant. A state’s ethnic demographic […]

On Washington, D.C.’s Capitol Hill, charities have been involved in an all-consuming debate over the future of the federal charitable tax deduction. But can nonprofits effectively participate in the national debate over taxes and expenditures if they don’t know what is happening at the state level? There are fifty states with budgets that are paid […]