
March 1, 2013
(Original Post) By Pat Garofalo on Feb 28, 2013 at 3:45 pm Republicans love to claim that low-tax states such as Texas enjoy a disproportionate amount of economic success, while higher-tax states like California are economic basket cases. Republican governors in several states are using that rationale to propose gutting their state income taxes (and, […]
February 27, 2013 • By Carl Davis
A new talking point printed on the opinion page of The Wall Street Journal is proving irresistible to state lawmakers looking for an excuse to reduce or eliminate their states' income taxes: A new analysis by economist Art Laffer for the American Legislative Exchange Council finds that, from 2002 to 2012, 62% of the three million net new jobs in America were created in the nine states without an income tax, though these states account for only about 20% of the national population.
February 5, 2013
Feb 4, 2013 Written by Mike Hasten Gannett Louisiana BATON ROUGE — If legislators agree with Gov. Bobby Jindal’s plan to switch from personal and corporate income taxes, Louisiana would be in line with several states showing job growth. But it could prove to be costly for those not on the high end of the […]
January 30, 2013
(Original Post) Posted today at 11:21 a.m.By Whet Moser One of the ongoing complaints about Illinois’s tax system—besides general complaints about it being too high for everything—is its prairie flatness, which is unusual among states. One complaint is that it hits low-income taxpayers hardest (Naomi Jakobsson, D-Urbana, has proposed a graduated tax); the other is […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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) 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 […]