February 15, 1999 • By ITEP Staff
Since the beginning of 1995, a series of tax changes have been enacted that are reducing New York State tax collections by several billions of dollars per year. One question which has not been adequately examined in this tax-cutting period has been the extent to which these tax cuts have, or have not, improved the […]
February 15, 1999 • By ITEP Staff
An analysis of more than 550 Minnesota economic development disclosure reports— tracking more than $176 million in loans, grants, and tax increment financing (TIF) by cities, regional bodies and state agencies—reveals high costs, low wages, and an absence of standards to ensure that job subsidies produce an effective return on taxpayers’ investment. Lacking standards, the […]
January 19, 1999 • By ITEP Staff
Thank you Mr. Chairman and members of the Committee for the opportunity to appear today. I will be discussing three aspects of House Bill 109, the Hager/Below/Fernald Education Funding and Property Tax Relief Plan. I will be addressing the income tax revenue estimate, the distributional impact and the economic impact of this legislation. Read the […]
October 30, 1998 • By ITEP Staff
Several proposals for reforming the Maryland personal income tax have recently been suggested, including accelerating previously enacted rate cuts, increasing retirement income exemptions, and introducing new rate cuts above those enacted in 1997. The Institute on Taxation and Economic Policy has analyzed the consequences of one such plan: an increase in the retirement income exemption […]
September 15, 1998 • By ITEP Staff
This report offers an examination of these and other issues pertaining to the tax system of Iowa and the state’s economic and social environment. Included in the study is an assessment of the merits and shortfalls of a number of tax reform options. We hope this report will prove to be useful to both the […]
May 11, 1998 • By ITEP Staff
Minnesota is to be commended for having a detailed tax expenditure budget-most states do not. The report, prepared by the Department of Revenue, is a useful resource for the development of state tax and spending policy. Read the Full Report (PDF)
March 31, 1998 • By ITEP Staff
It is beyond the scope of this testimony to do a complete analysis of the New Hampshire tax system. The following table, however, shows that New Hampshire, as with most states, has a regressive tax system–with middle- and lower-income taxpayers paying a higher share of their income in New Hampshire state and local taxes than […]
January 15, 1998 • By ITEP Staff
This report will examine Minnesota’s major taxes, who pays these taxes, and how taxation has changed over time. The study will also examine Minnesota’s economic and social indicators, and state and local spending trends. In addition, the study will address how well equipped Minnesota is to handle future needs. Finally, the study will address the […]
June 15, 1996 • By ITEP Staff
This study looks at taxes paid by income group, as shares of income, for every state and the District of Columbia. Our primary finding is that by an overwhelming margin, most state and local tax systems take a greater share of income from middle- and low-income families than from the wealthy. That is to say, […]
May 15, 1996 • By ITEP Staff
In short, while not all “tax expenditures” are evil, many of them undermine tax fairness, impede economic growth and divert scarce tax dollars away from better uses. If we hope to “reinvent government” to make it more effective and less burdensome—in short, a better deal for ordinary American families—then scaling back wasteful and pernicious tax […]