
The federal Highway Trust Fund (HTF) is the single most important mechanism for funding maintenance and improvements to the nation's transportation infrastructure. Absent Congressional action, however, the HTF will face insolvency at the end of July. Unfortunately, despite the critical importance of infrastructure to the U.S. economy, the condition of the HTF has been allowed to deteriorate to the point that imminent insolvency has become entirely normal.
April 20, 2015
Utah could collect an extra $10.9 million a year in state and local tax revenue if President Barack Obama’s executive actions on immigration proceed. And Utah could receive about twice that amount — an extra $22.6 million annually — if Congress gave all undocumented immigrants in the state a path to citizenship through immigration reform. […]
March 16, 2015
Under a compromise plan, the state’s gas tax would rise 5 cents in January and subsequently be increased automatically as gas prices rise, The Salt Lake Tribune reported. But Utah is far from alone. If that compromise is signed into law by Gov. Gary Herbert, Utah will become the 10th state to raise its gas tax in just two […]
February 18, 2015
According to the Institute on Taxation and Economic Policy, around the country, the average state’s gas tax rate has effectively fallen by 20 percent since the last raise. States with a fixed-rate tax, such as Utah, saw the value of their gas tax drop even further. Read more
The federal government and many states are seeing shortfalls in their transportation budgets in part because the gasoline taxes they use to generate those funds are poorly designed. Thirty-one states and the federal government levy "fixed-rate" gas taxes where the tax rate does not change even as the cost of infrastructure materials inevitably increases over time. The federal government's 18.4 cent gas tax, for example, has not increased in over 22 years. And twenty states have gone a decade or more without a gas tax increase.
January 16, 2015
“Utah’s tax burden is at its lowest point in 20 years. But poor and middle-class Utahns pay nearly twice as much of their earnings for tax as do the wealthiest 1 percent. That is according to two reports released Wednesday, one by the Utah Foundation and the other by the Institute on Taxation and Economic […]
January 15, 2015
“A separate report released Wednesday by the Institute on Taxation and Economic Policy showed that Utah’s tax system, like those of most other states, follows a regressive model, where families of lower incomes are taxed a larger share of their earnings than wealthier families. That isn’t so for the personal income tax, which is more […]
January 15, 2015
“Utah has gone almost 18 years without an increase in its gas tax, so instead they’ve increasingly spent money from their General Fund on transportation – spending less on education and human services,” Carl Davis, a senior analyst at the Institute on Taxation and Economic Policy (ITEP), told MintPress News. Yet Davis notes that thinking […]
December 9, 2014
“There’s kind of been a switch that’s been flipped,” says Carl Davis, a senior analyst with the nonprofit Institute on Taxation and Economic Policy Davis says gas tax increases are now on the table in states across the country, from New Jersey to Utah to South Carolina to South Dakota. Democratic governors in Delaware, Vermont […]
Read the Report in PDF Form The Census Bureau released data in September showing that the share of Americans living in poverty remains high. In 2013, the national poverty rate was 14.5 percent, a slight drop from last years’ rate of 15 percent and the first decline since 2006.1 However, the poverty rate remains 2.0 […]
The gasoline tax is the single largest source of funding for transportation infrastructure in the United States, but the tax is on an unsustainable course. Sluggish gas tax revenue growth has put strain on transportation budgets at the federal and state levels, and has led to countless debates around the country about how best to pay for America's infrastructure.
May 19, 2014
By Michael Fuetsch, May 19, 2014 The gasoline tax is so low and has not been raised for so long in 10 states, that the levy’s purchasing power has fallen to historic lows, a new study said. States where this has occurred are Alabama, Alaska, Delaware, Idaho, Iowa, Nebraska, New Jersey, South Carolina, Utah, and […]
In most states, the gasoline tax is set at a fixed number of cents per gallon of gas. South Carolina drivers, for example, have been paying 16 cents per gallon in state tax for more than a quarter century.1 But while this type of fixed-rate gas tax may appear to be flat over time, its lack of change in the face of inflation means that its "real" value, or purchasing power, is steadily declining. In ten states, this decline has brought the state's inflation-adjusted gas tax rate to its lowest level in the state's history.
March 11, 2014
(Original Post) Larry Copeland, USA TODAY 10:13 a.m. EDT March 11, 2014 The federal gas tax hasn’t been raised in more than two decades The federal gas tax, long used to help states pay for roads and bridges, hasn’t been raised since Bill Clinton was president. The prices of asphalt, steel and heavy machinery — […]
February 3, 2014
(Original Post) Bill would allow undocumented residents to acquire driver’s license Posted: Monday, February 3, 2014 2:00 am Tom LaVenture – The Garden Island LIHUE — Proposed legislation would amend state requirements to allow undocumented residents to qualify for a driver’s license in the interest of public safety, identification and insurance coverage. The “Safe and […]
December 19, 2013
When it comes to corporate incentives, leave it to an aerospace company to test the limits of what will fly. For those hoping to host production of its newest big jet, Chicago-based Boeing has a wish list that even Santa, his reindeer and all his little helpers would be hard-pressed to lift, let alone […]
December 2, 2013
(Original Post) Raul Reyes, USATODAY 7:12 p.m. EST November 26, 2013 If he signs bill, undocumented high school grads would be able to pay in-state tuition. New Jersey Gov. Chris Christie is a lawmaker who plays by his own rules. The iconoclastic Republican was not afraid to buck his party by standing with Democratic President […]
October 15, 2013
(Original Post) Charley Blaine, 24/7 Wall St. 11 a.m. EDT October 12, 2013 Taxes are necessary for a functioning government, but according to one group, many states are crippling regional business growth with tax structures that are too expensive or complex. The Tax Foundation’s 2014 State Business Tax Climate Index graded all 50 states based […]
New Census Bureau data released this month show that the share of Americans living in poverty remains high, despite other signs of economic recovery. The national 2012 poverty rate of 15 percent is essentially unchanged since 2010 , but still 2.5 percentage points higher than pre-recession levels. This means that in 2012, 46.5 million, or about 1 in 6 Americans, lived in poverty.1 The poverty rate in most states also held steady with five states experiencing an increase in either the number or share of residents living in poverty while only two states saw a decline.2
July 8, 2013
Steve Flowers Inside the Statehouse A recent survey rated Alabama as the most conservative state in the Union. More than half of our residents describe themselves as politically conservative. The poll was done by the vaunted Princeton, New Jersey Gallup polling firm. Four of our sister states, Mississippi, South Carolina, Louisiana and Arkansas, also […]
April 1, 2013
(Original Post) 24/7 Wall Street6a.m. EDT March 30, 2013 According to Census data released this week, state and local tax revenue rose in the U.S, for the 13th quarter in a row. With April 15 less than three weeks away, America’s business owners will complete their personal taxes along with the rest of the country. […]
March 20, 2013
Policy Options to Address Utah’s Future Transportation Needs Funding Utah’s transportation needs is a significant economic and fiscal challenge for state policymakers. Over the next three decades, Utah’s population is set to increase by over 60% from 2.8 million to 4.5 million.1 Coupled with this signifi cant growth is the possibility of an increase in […]
March 11, 2013
(Original Post) By Scott Franz Sunday, March 10, 2013 There’s nothing modest about Outdoor Retailer’s winter trade show in Salt Lake City. #For four days in January, the downtown Salt Palace Convention Center becomes a dizzying labyrinth of booths manned by the world’s most famous outdoor manufacturers. #It’s a place where a large SmartWool banner […]
January 31, 2013
A proposal that will be discussed during the 2013 General Session would return Utah’s state sales tax on groceries to the general sales tax rate, while offering two kinds of tax credits to mitigate the negative impacts on vulnerable households. A detailed economic analysis from the Institute on Taxation and Economic Policy (ITEP), a non-partisan […]
January 8, 2013
(PDF of Original Post) Down-to-the-bone look at taxes called a necessityBy James Thalman Deseret NewsPublished: Friday, Nov. 27, 2009 4:39 p.m. MST Cutbacks in agency budgets have so far helped Utah handle a tax-revenue pinch, but they won’t do much to get through the blockage awaiting in 2011, local and national budget-policy analysts say. A […]