August 21, 2019

Politico Morning Tax: Moderately Short

media mention

In all, the Congressional Research Service found in 2016 that the seven states collect some $563 million a year in taxes on internet access, and some experts worry that the budget math in those capitals could be more difficult next year without those revenues. “It could prove to be a very ill-timed tax cut, from the perspective of state and local governments, if we see the economy weaken next year and their revenue collections start to suffer,” said Carl Davis of the  Institute on Taxation and Economic Policy. Read more