Institute on Taxation and Economic Policy (ITEP)

South Dakota

South Dakota Budget and Policy Project: South Dakota Budget Primer

January 14, 2013

The state budget is the ultimate policy document. It determines how much is spent on programs and services that affect the lives of all South Dakotans. Our schools, health, safety and transportation – and the basic public systems that support them – are the foundation of South Dakota’s current and future prosperity. Investing wisely and […]

South Dakota Budget and Policy Project: Quick Facts – HB 1131 Food Tax Swap

January 14, 2013

On Thursday, 1-27-11, the House Taxation Committee heard testimony on HB 1131 – a proposal to take the sales tax off groceries and replace the revenue with an increase on other taxable items.  Following testimony, the Committee voted to defer the bill to the 41st legislative day, effectively killing the bill.  The SD Budget & […]

The Charleston Gazette: N.E. Editorial Roundup

January 8, 2013

(PDF of Original Post) November 30, 2009N.E. Editorial Roundup The Associated Press Rutland Herald, Rutland, Vt., Wednesday, Nov. 25, 2009: The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators […]

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 […]

Rutland Herald: Tax inequities

January 8, 2013

(PDF of Original Post) The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators acknowledged that state government faces an $88 million deficit in the coming budget cycle, even without […]

The Commercial Appeal: Report says Tennessee’s tax system among nation’s most regressive

January 8, 2013

(PDF of Original Post) By Richard Locker Originally published 11:28 a.m., November 18, 2009Updated 12:07 a.m., November 19, 2009 NASHVILLE — The Tennessee tax system is the fourth most regressive among the states, with lower-income families paying a higher portion of their income in state and local taxes than do more affluent households, according to […]

Argus Leader: A lose-lose situation

January 7, 2013

(PDF of the Original Post) Karen Kraut • April 25, 2010 Imagine this: Your state has the option of reducing its residents’ combined federal tax bills by hundreds of millions of dollars a year while at the same time substantially reducing state taxes for 80 percent of its residents, but it chooses not to do […]

Northeast Pennsylvania Business Journal: Pennsylvania among ‘Terrible 10’ most regressive tax states

January 7, 2013

(PDF of the Original Post) STAFF REPORTPublished: November 19, 2009 Working families in Pennsylvania pay a far higher share of their income in state and local taxes than their wealthiest counterparts, according to a new study by the Institute on Taxation & Economic Policy (ITEP). In 2007, middle-class earners paid nearly double the share of […]

Toledo Blade: Revisit Ohio’s tax cuts

January 7, 2013

(PDF of the Original Post) By ZACH SCHILLER THE State of Ohio, you may have heard, has a budget problem. The state budget will be billions of dollars short in the two years that start next July 1. It’s easy to attribute this problem to the economy, and that’s certainly part of it. But a […]

New York Times: Gov. Cuomo’s All-Cuts Budget

January 7, 2013

(PDF of the Original Post) Gov. Andrew Cuomo has rightly argued that painful spending cuts will be needed to close New York’s projected $10 billion deficit. The hard truth is that it is impossible to cut spending deeply without cutting the state’s huge outlays for education and health care. That means that New York’s most […]

Las Vegas Review-Journal: Study makes case for state income tax

January 4, 2013

(PDF of Original Post) By ALAN CHOATELAS VEGAS REVIEW-JOURNAL Nevada’s lack of an income tax means state taxpayers are paying more than they should in federal income taxes, according to a study released Monday. Seven states that rely on sales taxes instead of an income tax could cut sales taxes while implementing an income tax […]

The Des Moines Register: Iowa governor’s race: Candidate views differ on effect of corporate tax cuts

January 4, 2013

(PDF of Original Post) Iowa governor’s race: Candidate views differ on effect of corporate tax cuts By JASON CLAYWORTH • [email protected]• May 9, 2010 Republican governor candidates’ proposals to cut taxes for corporations would result in a smaller state government providing fewer services – and also could introduce greater inequities in Iowa’s tax system, some […]

The Des Moines Register: Ideology differences carry over to Culver, Branstad tax plans

January 4, 2013

(PDF of Original Post) 1:45 AM, Oct. 30, 2010 | Written byJASON CLAYWORTH Here’s what other groups are saying about state tax cuts. IOWA CHILD & FAMILY POLICY CENTER: It questions the premise of proposing state tax cuts, saying state government cannot further reduce revenues without harming vital services, such as K-12 education and children’s […]

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 […]

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 […]

Daily World: Tax formula for big biz: Less than zero

December 19, 2012

(Original Post) By now, it is pretty well known that General Electric, a company that showed $14.2 billion in profit worldwide paid no taxes. In fact, it not only paid no taxes, but got a $3.2 billion tax rebate. Two reports by Citizens for Tax Justice and the Institute on Taxation and Economic Policy respectively, […]

Bloomberg: Sixty-Eight U.S. Companies Avoided State Income Tax, Study Finds

December 19, 2012

(Original Post) By Andrew Zajac – Dec 7, 2011 12:29 AM ET Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic […]

The Epoch Times: Many Large Firms Paid No State Taxes, Report Says

December 19, 2012

(Original Post) By Alex JohnstonEpoch Times Staff Created: December 8, 2011 Last Updated: December 8, 2011 A report released on Wednesday found that 68 large companies in the United States paid no state income taxes in at least one of the past three years, and 20 of these companies had a tax rate of zero […]

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 […]

Cincinnati Enquirer: Will lower income tax bring jobs to Ohio?

December 17, 2012

(Original Post) Kasich thinks so, but our taxes aren’t really so high8:02 AM, Mar. 22, 2012 Written by Paul E. Kostyu COLUMBUS — Lower Ohio’s burdensome personal income taxes. Create jobs. That’s what Gov. John Kasich proposed last week in an expansive plan to reform government and improve the state’s economy. Kasich said Ohio’s income […]

Casper Star-Tribune: Wyoming ranks high again for economic growth

December 17, 2012

(Original Post) By JOAN BARRON Star-Tribune capital bureau | Posted: Sunday, April 29, 2012 10:00 am CHEYENNE — Wyoming again ranks fourth among states for best economic growth and outlook, largely because of the state’s low total tax burden, according to a nonprofit group’s report. The American Legislative Exchange Council ranked Wyoming fourth for the […]

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 […]

Yankton Daily Press & Dakotan: A Widening Divide

December 17, 2012

(Original Post) By Nathan [email protected]: Saturday, December 1, 2012 12:58 AM CSTDoes it matter that income inequality is increasing in South Dakota? A report by the Center on Budget and Policy Priorities and Economic Policy Institute found that, between the late 1990s to the mid-2000s, the drop in income among the bottom 20 percent of […]