December 17, 2012
(Original Post) Posted: Tue, May. 1, 2012, 3:00 AM Sharon Ward For too long, big companies have benefited from Pennsylvania lawmakers’ refusal to close tax loopholes. They have been free to use aggressive avoidance schemes to shield their income from state taxes and shift the cost of public services to families and other businesses. After […]
December 17, 2012
by Richard Fineberg May 06, 2012 The legislative special session ended early, saving Alaska from misguided petroleum legislation. Conflicting information on oil and gas revenue issues confounded deliberations, suggesting that Alaska should add the letter “H” to ACES. This change would convert the acronym for “Alaska’s Clear and Equitable Share” to ACHES: “Alaska’s Confusing, Hidden […]
December 17, 2012
Published: 5/8/2012 10:01 PM | Last update: 5/8/2012 10:01 PM TOPEKA – A Washington think tank says a tax-cutting package in the Kansas Legislature would shift part of the tax burden to the state’s poorest residents. The Institute on Taxation and Economic Policy is a research group that advocates for progressive tax codes. The group […]
December 17, 2012
(Original Post) Posted: May 9, 2012 – 11:44am By Tim CarpenterTHE CAPITAL-JOURNAL The Senate takes up a controversial income-tax reduction compromise Wednesday labeled by Republicans as a fair piece of legislation and by Democrats as damaging to the working poor. The measure pending before the Senate would drop individual state income tax rates and phase […]
December 17, 2012
Brian Ianieri The Press of Atlantic City, Pleasantville, N.J. 11:35 a.m. CDT, May 8, 2012 New Jersey’s gasoline tax was designed to fund roads and bridges but, with it unchanged after more than 20 years, it now cannot fully cover interest payments on past loans to fix them. Like many states, New Jersey faces a […]
December 17, 2012
By John Hanna Associated Press / May 9, 2012 TOPEKA, Kan.—Members of the Kansas Senate expected their vote to be close Wednesday on proposed income and sales tax cuts, with critics pointing to a national think tank’s analysis that the plan would shift part of the state’s tax burden from its wealthiest residents to its […]
December 17, 2012
(Original Post) Man facing foreclosure meets with bank executivesBy Scot KersgaardWednesday, May 09, 2012 at 4:31 pm A couple of dozen people gather on a busy downtown street with signs and bullhorns, and the question that bystanders and reporters alike want to ask is always the same: “What do you want to accomplish?” It was […]
December 17, 2012
May 10, 2012 11:10 AM TOPEKA, Kan. — Massive tax reductions cleared the Kansas Legislature on Wednesday, but even as Gov. Sam Brownback and his conservative Republican allies marked a political victory, they scrambled to start containing possible future budget problems. The House narrowly approved a bill to cut income and sales taxes by an […]
December 17, 2012
Friday, May. 11, 2012 by Danielle E. Gaines, Staff Writer The following story was updated at 2:50 p.m. May 11. Gov. Martin O’Malley reiterated the need for increased transportation funding in the state this week, while acknowledging that his gas tax proposal was a long shot politically. “There is no revenue proposal more unpopular in […]
December 17, 2012
(Original Post) By Eric McWhinnie May 15 2012 Forget Tax-mageddon, Washington already has tax issues it is avoiding. Last year, Citizen for Tax Justice and the Institute on Taxation and Economic Policy issued a report on federal income taxes paid or not paid by large corporations. Despite the U.S. corporate tax rate being 35 percent, […]
December 17, 2012
(Original Post) By David McGrath May 18, 2012 10:22PM Tell me you haven’t been there. You’ve filled your grocery cart, are feeling pretty good about many of your purchases being on sale and you have a stack of coupons for discounts on several other items. At checkout, the cashier is friendly, even remarking on all […]
December 17, 2012
JOHN HANNA Associated Press Last Updated: May 22, 2012 – 5:18 pm TOPEKA, Kan. — Kansas Gov. Sam Brownback signed massive income tax cuts into law Tuesday, expressing confidence they would boost the economy and not create future budget problems or shift the state’s tax burden to the poor. “Today’s legislation will create tens of […]
December 17, 2012
(Original Post) By Richard Rubin – May 29, 2012 3:53 PM ET The percentage of U.S. taxpayers reporting adjusted gross income exceeding $200,000 who paid no U.S. income taxes increased in 2009 to 0.53 percent from 0.51 percent, meaning that one in 189 high earners avoided taxation, an Internal Revenue Service study found. The filers […]
December 17, 2012
(Original Post) June 08, 2012 This is in response to “Illinois shouldn’t adopt progressive tax; Take it from an ex-Californian” (Perspective, June 8), by Lawrence J. McQuillan, chief economist at the Illinois Policy Institute, a free-market think tank. I was alarmed by the way McQuillan’s op-ed distorts both the Illinois and California tax systems. He […]
December 17, 2012
(Original Post) Saturday, 09 June 2012 11:12 By Mike Alberti, Remapping Debate | News Analysis When Wichita Public Schools Superintendent John Allison learned that, thanks to rising revenues, Kansas was projected to have a budget surplus of more than $300 million at the end of the year – the state’s first surplus since the recession […]
December 17, 2012
Wednesday, 20 June 2012 11:20 Bottom 60 percent of earners would see higher tax bills, while richest 1 percent would get tax break of $71,960 a year Middle-income and low-income New Jerseyans would pay more in taxes under the Congressional Republicans’ plan to extend the Bush tax cuts than they would under President Obama’s plan, […]
December 17, 2012
(Original Post) June 20. 2012 1:29PM By Katie Eder If all the George Bush-era tax cuts are extended under the Congressional Republicans’ proposal, New Jersey’s highest earners would pay significantly less taxes in 2013, while middle- and low-income taxpayers would pay nearly the same amount they do today, according to an analysis today released by […]
December 17, 2012
(Original Post) By Brian Chappatta on June 25, 2012 Governors seeking to expand their economies by eliminating income taxes find little support for the idea in the record of U.S. states that lack such a levy. The BGOV Barometer shows the nine states with the highest personal income taxes on residents outperformed or kept pace […]
December 17, 2012
(Original Post) By Pat Garofalo on Jun 26, 2012 at 10:30 am According to a report from the Institute on Taxation and Economic Policy, states without an income tax received no discernible boost in growth over the last decade compared to states with relatively high income taxes. Lacking an income tax provided no boost to […]
December 17, 2012
(Original Post) June 26, 2012, 3:52 pmBy JULIET LAPIDOS This past February, Oklahoma Governor Mary Fallin announced a plan to phase out her state’s income tax over ten years. “We’re going to have the most pro-growth tax system in the region,” she said, according to The Wall Street Journal. Lawmakers in Kansas and Missouri have […]
December 17, 2012
(Original Post) More evidence that cutting taxes does not automatically lead to prosperityBy Andrew LeonardTuesday, Jun 26, 2012 11:11 AM EDT There are so many nails in the coffin containing supply-side economics that it’s hard to find room for another one, but with yet another Republican presidential candidate chanting the mantra coined by Ronald Reagan’s […]
December 17, 2012
(Original Post) June 29, 2012 | 11:23 AMBy Emily Corwin A couple of weeks ago, Arthur Laffer — an economist made famous for his work in the Reagan administration — co-wrote an opinion piece for the Wall Street Journal warning that the expiration of federal tax cuts in January puts the country on the verge […]
December 17, 2012
(Original Post) “Class warfare creeps into tax cut extension debate” (Our Views, June 26) mischaracterized Citizens for Tax Justice’s views in criticizing our report about the expiring tax cuts. The CTJ report is based on numbers from the Institute on Taxation and Economic Policy’s micro-simulation model that estimates the effect of tax policy changes on […]
December 17, 2012
(Original Post) “We’re Not Broke” screening in Arlington makes taxation a question of justice. By Erik Heaney Monday, July 2, 2012 Arlington — In Karin Hayes and Victoria Bruce’s documentary film, “We’re Not Broke,” which played to an audience in the Arlington County Library June 25, makes the case that taxes are not America’s problem. […]
December 17, 2012
(Original Post) Published on Jul 2, 2012 by TheYoungTurks Cenk Uygur refutes the Republican talking point that if you cut taxes you’ll spur the economy. Cenk discusses the Institute on Taxation and Economic Policy’s recent report on state taxes. Tell us what you think in the comment section below. Read the report: https://itep.org/whopays3.pdf
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