Institute on Taxation and Economic Policy (ITEP)

New Hampshire

New Hampshire Fiscal Policy Institute: An Overview of New Hampshire’s Tax System

January 14, 2013

Due in large measure to the recent national recession and the continuing struggle to recover from it, New Hampshire will face a budget shortfall on the order of several hundred million dollars over the upcoming FY 2012-2013 biennium.  The source and size of that deficit should compel state policymakers to use a balanced approach in […]

Vermont Diggers: Truth Squad- Do Dubie’s tax plans help the rich?

January 8, 2013

(PDF of Original Post) By Anne Galloway on October 21, 2010 Lt. Gov. Brian Dubie, Vermont‘s Republican candidate for governor, has said reducing taxes is his No. 1 priority. To do that, Dubie has proposed capping state spending at 2 percent – after he reduces next year‘s budget by $112 million. Once the caps are […]

VT Digger: Tax reform, Part 1: Where policy meets politics

January 8, 2013

(PDF of Original Post) Posted By Anne Galloway On February 3, 2011 @ 1:39 am In Public Policy | 12 Editor’s note: This is the first in a five-part series about the Vermont Blue Ribbon Tax Structure Commission Report. In addition to this analysis of the politics of taxation, in the coming week, VTDigger.org will […]

LPIB: Tanzi bill would close corporate tax loophole

January 7, 2013

(PDF of the Original Post) STATE HOUSE – Rep. Teresa Tanzi is pushing for legislation that would close a loophole that large, multi-state and international corporations use to avoid paying state taxes. Representative Tanzi (D-Dist. 34, South Kingstown, Narragansett) is sponsoring legislation (2011-H 5738) that would enact combined reporting. One of the tricks many multi-state […]

Narragansett Patch: Tanzi- Bill Proposed to Close Corporate Tax Loophole

January 7, 2013

(PDF of the Original Post) Rep. Teresa Tanzi has proposed a bill that would close the state’s corporate tax loophole. June 2, 2011 STATE HOUSE – Rep. Teresa Tanzi is pushing for legislation that would close a loophole that large, multi-state and international corporations use to avoid paying state taxes. Representative Tanzi (D-Dist. 34, South […]

Sentinel Source: A new report tells an old tale about New Hampshire’s tax system

January 4, 2013

(PDF of Original Post) Published:Tuesday, December 1, 2009 2:34 PM EST We have some recommended reading for New Hampshire taxpayers pondering end-of-the-year property-tax bills. It’s a report called “Who Pays? A Distributional Analysis of the Tax Systems in All 50 States,” published by the Institute on Taxation & Economic Policy. That’s a branch of Washington-based […]

WMUR.com: Some Call Current System of Taxation Inequitable

January 4, 2013

(PDF of Original Post) POSTED: 5:23 pm EDT October 21, 2009 CONCORD, N.H. — A group of lawmakers gathered at the State House on Wednesday to discuss the impact an income tax would have on the Granite State. While not having an income or sales tax in New Hampshire has been a selling point in […]

Concord Monitor: Estate tax would be a fair way to raise revenue

January 4, 2013

(PDF of Original Post) The rich will still move here and remain here By MICHAEL MARSH For the Monitor April 04, 2009 New Hampshire is known for low taxes and frugal government, but our low taxes don’t extend to everyone. Working people here pay four times more of their income in state and local taxes […]

The Dartmouth: Experts debate how to solve state budget issue

January 4, 2013

(PDF of Original Post) By Joseph Singh Published on Wednesday, October 6, 2010 Choices must be made regarding New Hampshire’s taxation and spending priorities to combat rising state deficits, according to a panel of experts and community leaders who spoke in a discussion called “Putting Our Money Where Our Mouth Is: New Hampshire’s Priorities and […]

Concord Monitor: Making unfairness official state policy

January 4, 2013

(PDF of Original Post) By Monitor staffCreated 02/14/2011 – 01:00Monitor editorial Republican Rep. Paul Mirski is leading a drive to amend the state Constitution to prohibit any new tax on personal income. House Speaker Bill O’Brien is on board, and, given the makeup of this Legislature, it’s easy to imagine that 60 percent of the […]

Columbia Missourian: ‘Fair tax’ gains traction in Missouri legislature

January 4, 2013

(PDF of Original Post) By Spencer WillemsMay 19, 2009 | 12:01 a.m. CDT COLUMBIA — Increasing frustration over Missouri’s 90-year-old income tax has prompted legislators to begin pushing an alternative that to date has been little more than a fringe issue on the national political scene. Although the proposal to let voters decide whether to […]

Tri-Parish Times: Will Jindal go for more sin taxes?

January 4, 2013

(PDF of Original Post) By TOM ASWELL During the 1988 presidential race, Vice President George H.W. Bush proclaimed, “Read my lips: no new taxes!” That famous line helped him defeat Michael Dukakis but when he was forced to back-track on that promise, it was his eventual undoing. Bill Clinton’s own pithy campaign slogan “It’s the […]

The Birmingham News: Our View: Most Alabamians don’t get to celebrate having the nation’s lowest state and local taxes

December 21, 2012

(PDF of Original Post) By Birmingham News editorial boardNovember 08, 2009, 6:00AM Imagine that Nick Saban’s Alabama Crimson Tide wins the national championship this year, but only the special-team players — and not the majority of the team — get to celebrate. If you can imagine that, you get a better sense of what it […]

Nashua (NH) Telegraph: Leading Latinos: Hudson cardiologist struggles with injustice

December 21, 2012

August 16, 2011 by Simon Rios EDITOR’S NOTE: This is the second in a five-day series of stories profiling leaders in Nashua’s Latino community. Only a small percentage of Americans ever attain medical degrees, and even fewer hold unorthodox opinions on the origin of heart attacks. But Alejandro Urrutia, a native of Mexico and resident […]

St. Louis Post-Dispatch: Effort to kill Missouri income tax has begun in earnest

December 21, 2012

Original Post September 26, 2011 by Virginia Young JEFFERSON CITY • Wrestling with your state income tax return? Missouri legislators are weighing a plan that would do away with that chore. But before you celebrate, be aware that it’s not a tax cut. While state individual and corporate income taxes would be eliminated, the lost […]

The Courier-Journal: Study names Yum! Brands among companies “dodging” state taxes

December 19, 2012

(Original Post) Posted on December 9, 2011 by Chris Otts A new report names Louisville-based Yum! Brands as one of 68 Fortune 500 companies that paid no state corporate income taxes in at least one year between 2008-2010, despite earning profits for shareholders. The report doesn’t say that Yum! has been shorting the state of […]

Chicago Tribune: The case for a graduated income tax in Illinois

December 17, 2012

(Original Post) Tuesday, February 28, 2012 If Illinois were to adopt the same graduated income tax rate structure as Iowa, Illinois would raise $6.3 billion more in revenue than it does from its current five percent flat rate, while 54 percent—over half—of all taxpayers would pay less in state income taxes…from The Case for Creating […]

Bloomberg: States Lacking Income Tax Get No Boost in Growth

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 […]

Think Progress: Having No Income Tax Gives States No Economic Boost

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 […]

NPR’s State Impact: Recent Study Questions “New Hampshire Advantage”

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 […]

The Milford Daily News: Some question value of sales tax holiday

December 17, 2012

(Original Post) By Laura Krantz/Daily News staffMetroWest Daily NewsPosted Jul 13, 2012 @ 01:11 AM FRAMINGHAM — When Jim Green heard about this year’s sales tax holiday, his reaction was “Oh my God!” Green owns Automatic Appliance Service in Framingham, a six-employee family business that recently celebrated its 50th anniversary. “You can do a month’s […]

My testimony today examines the erosion of Rhode Island’s corporate income tax, and the multistate tax avoidance schemes that have contributed to this erosion. In addition, it discusses the single best strategy available to lawmakers seeking to respond to the problem of corporate tax avoidance—mandatory combined reporting. Requiring combined reporting of the income of multistate […]

I am here today to offer testimony on House Bill 642, which was introduced by Representative Jessie Osborne earlier this year and which would improve New Hampshire’s tax system, both by generating additional revenue and by shifting greater responsibility for such revenue onto those state residents with a greater ability to pay. In the time […]

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Examining economic growth rates before and after a single policy change without attempting to control for other causal factors is not an exercise which should be taken seriously. The impact of tax law changes on economic growth is, rightly, a topic of great interest. But Dye’s analyses add precisely nothing to our understanding of the […]