Institute on Taxation and Economic Policy (ITEP)

Washington

Belleville News-Democrat: Mo. House OKs tax cut, defeats stimulus spending

January 4, 2013

(PDF of Original Post) Posted on Thu, Apr. 30, 2009Mo. House OKs tax cut, defeats stimulus spendingBy DAVID A. LIEBAssociated Press Writer House members passed a $463 million annual tax cut Thursday but defeated a plan to spend $336 million of federal stimulus money on projects across Missouri. Some Republicans cast the dual votes as […]

Columbia Missourian: Fair Tax rally to be held Saturday

January 4, 2013

(PDF of Original Post) By Adam Falk, furqaan sadiqJune 11, 2009 | 12:01 a.m. CDT COLUMBIA — When Ray Walker moved to Jefferson City in 2005, he said the words “fair tax” were basically unknown. “Now, it’s not uncommon to go down the street and mention ‘fair tax,’” said Walker, who is the director of […]

Columbia Missourian: Consumption tax more nuanced than some people might think

January 4, 2013

(PDF of Original Post) By Furqaan SadiqJune 12, 2009 | 9:49 p.m. CDT COLUMBIA — The Center on Budget and Policy Priorities and the Economic Policy Institute have released reports on Missouri’s income disparities, and they show a stark figure: income inequality has grown in Missouri over the past two decades. The richest Missouri families […]

St. Louis Post-Dispatch: Missouri income tax repeal makes headway in Senate

January 4, 2013

(PDF of Original Post) 02.11.2010 11:41 am By Virginia Young Post-Dispatch Jefferson City Bureau JEFFERSON CITY — A Senate committee set the stage this morning for debate on major changes in the state’s tax structure. On a party-line vote of 4-2, the Governmental Accountability and Fiscal Oversight Committee endorsed a proposed constitutional amendment (SJR29) eliminating […]

The St. Louis American: Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income

January 4, 2013

(PDF of Original Post) Posted: Friday, October 1, 2010 12:00 am Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income By Rebecca S. Rivas of The St. Louis American St. Louis American | 0 comments For Missourians who make $17,000 or less, about six percent of their income […]

Concordian: Rep. Aull prepares for final term

January 4, 2013

(PDF of Original Post) Wednesday, January 5, 2011 By Nathan St.Clair/Concordian Staff The 96th legislative session of the Missouri General Assembly convenes this week and legislators will have several large issues — the FY 2012 budget, increasing state revenues, handling a request to repeal Proposition B and revamping congressional districts — to address said Democratic […]

myTalk 107.1: Fix for Minn. budget woe? End sales tax exemptions

January 4, 2013

(PDF of Original Post) With Minnesota lawmakers staring at a $6.2 billion deficit this session, state Rep. Pat Garofalo knows as well as anyone that balancing the state budget is “going to be tough and it could be ugly.” So why is the Republican from Farmington introducing a bill that would make things just a […]

The Detroit News: Make Michigan’s property tax system simpler

January 4, 2013

(PDF of Original Post) Wednesday, September 3, 2008 CommentaryCarl Davis Michigan property taxes are behaving a bit strangely. Despite home values falling in many parts of the state, property tax bills are actually increasing. Although this bizarre occurrence is understandably frustrating to many Michiganians, the truth is that this is an essential component of the […]

Detroit Free Press: More support for a graduated income tax

January 4, 2013

(PDF of Original Post) November 20, 2009 EDITORIAL There’s a lot of talk in Michigan these days about taxes. Whether they’re too high or too low, whether they’re structured properly for the economy we have, whether they are a hindrance to or a nonissue for economic development. The Free Press editorial board outlined http://www.freep.com/article/20091115/OPINION01/91114005/1069/opinion01/Why-Michigan-needs-to-change-its-taxes”> in […]

Washington Post: Fact-checking Rep. Kratovil’s claim on tax hike

January 4, 2013

(PDF of Original Post) Thursday, October 28, 2010: Fact Check If it seems counterintuitive that a candidate would be pushing for a big tax increase as a way of winning office this election year, it is — and, in Maryland’s 1st congressional district, it’s also counter to the truth. Ads launched by Rep. Frank M. […]

Washington Post: Return of the Maryland Millionaire’s Tax?

January 4, 2013

(PDF of Original Post) Posted at 7:26 PM ET, 03/10/2011 By Aaron Davis Add the millionaire’s tax back into the mix of Maryland’s budget battle. A bill that would permanently return the state’s top-tier tax bracket to 6.25 percent received a hearing Thursday in front of the House Ways and Means Committee. The tax increase […]

Maryland Reporter: Progressive, nonprofits push for permanent “millionaires’ tax”

January 4, 2013

(PDF of Original Post) March 11, 2011 By Megan Poinski [email protected] Several tax watchdogs and policy analysts concerned about the state of Maryland’s economy and buoyed by a new report urged delegates to revisit a just-expired method of raising more money — extending the tax surcharge on millionaires. Enacted in 2008, the “millionaires’ tax” taxes […]

Des Moines Register: Aim for fairness in state tax policy

January 4, 2013

(PDF of Original Post) The Register’s editorial The political debate over taxes these days ranges from “We will not raise taxes” to “We will cut taxes.” There is little interest, it seems, in raising taxes, but there should at least be interest in the idea that taxes ought to be fair. By fair, that means […]

Chicago Tribune: Tax review says Quinn-Hynes tax-hike hybrid is best for Illinois

January 4, 2013

(PDF of Original Post) October 19, 2009 UPDATED by Rick Pearson at 7:02 p.m.; first posted at 4:25 p.m. As the two major Democratic candidates for governor bash each other over competing proposals to raise the state’s income tax, a Washington-based research group has proposed its own method of tax fairness– combining the plans offered […]

Chicago Tribune: Illinois tax increase: Researchers say combine plans by Pat Quinn and Dan Hynes

January 4, 2013

(PDF of Original Post) Both proposals are ‘complementary,’ says Institute on Taxation and Economic Policy By Rick Pearson and Monique GarciaTribune reporters October 20, 2009 Gov. Pat Quinn and Comptroller Dan Hynes have fought for weeks over whose income-tax hike proposal is fairer, but a Washington-based research group said Monday the best answer may be […]

NBC Chicago: How to Soak the Rich Without Soaking the Poor, Too

January 4, 2013

(PDF of Original Post) The two-point (or more) tax increase making its way through the state legislature has one thing to recommend it. Right now, the super-rich in Illinois — Oprah Winfrey, the Ty Beanie Baby guy, anyone named Pritzker — pay a lower proportion of their income than in any state that levies taxes. […]

Chicago Tribune: Emanuel and Chico gloss over fine print on taxes

January 4, 2013

(PDF of Original Post) By Bob Secter, Tribune reporter 9:53 PM CST, February 16, 2011 With city finances in shambles and fiscal straight talk at a premium, one of the final skirmishes of the race for mayor is centering on charges of distortions and misstatements over a tax plan floated by front-runner Rahm Emanuel. Ahead […]

The Atlanta Journal Constitution: Our view: Tax cuts made at risky time and with no sense

January 4, 2013

(PDF of Original Post) Sunday, April 26, 2009 To understand the skewed priorities of our state Legislature, imagine that you come home to discover that your house is ablaze. Do you pour water on it? Or gasoline? The General Assembly would choose gasoline. This year, faced with rapidly declining tax revenues that threaten to deepen […]

The Atlanta Journal Constitution: At Ga. Legislature, wisdom and justice sacrificed for obsession

January 4, 2013

(PDF of Original Post) Jay Bookman (http://blogs.ajc.com/jay-bookman-blog) 6:45 am January 19, 2010, by Jay Last year, with the economy collapsing and state tax revenue already in free fall, Georgia legislators paused on their way out the door to pass a major last-minute tax cut. Fully implemented, the 50 percent reduction in capital-gains tax would have […]

Atlanta Journal-Constitution: Barnes plan: Remove capital gains tax for 2 years

January 4, 2013

(PDF of Original Post) Candidates says break would pay for itself; experts disagree By Jeremy Redmon The Atlanta Journal-Constitution 7:45 a.m. Wednesday, October 13, 2010 Democratic candidate for governor Roy Barnes appeared alongside a pair of local businessmen at a news conference in Midtown Atlanta’s Technology Square this month, trumpeting his plan to revive Georgia’s […]

Tallahassee Democrat: Tobacco tax, It’s a symptom of bad fiscal habits

January 3, 2013

(PDF of Original Post) November 22, 2009 It’s a symptom of bad fiscal habits When the Legislature was debating last spring whether to raise money by substantially boosting the taxes on tobacco, a couple of arguments were all that caused even a pause in enthusiasm for this “sin tax.” One was that it would likely […]

Wonk Room: Florida’s Incoming Republican Speaker Casts Doubt On Scott’s Plan To Cut Spending

January 3, 2013

(PDF of Original Post) By Pat Garofalo on Sep 13th, 2010 at 7:50 pm Florida’s Republican gubernatorial nominee Rick Scott — when he’s not spending an inordinate amount of time discussing policies over which he’d have no control as governor — likes to tout his economic growth plan, which involves large tax cuts and supposedly […]

Think Progress: Gov. Scott’s Version of ‘Fair Taxes’: Regressive Personal Taxes and No Corporate Tax

January 3, 2013

(PDF of Original Post) Like many Republican governors, Gov. Rick Scott (R-FL) has released a budget that lays off thousands of state workers and slashes education and Medicaid funding, but still cuts Florida’s already low corporate income tax rate by two and a half percentage points. During an interview with CNBC’s Larry Kudlow last night […]

Hartford Courant: State Taxes A Good Deal For Residents

January 3, 2013

(PDF of Original Post) By JOACHIM HERO The Hartford Courant April 26, 2011 Income tax filing day has just passed, which generates the usual talk about how much we pay. We can expect tea party followers to hold rallies that focus on what they pay and how much they dislike paying it, instead of all […]

Press Democrat: Your taxes are going up this week

January 3, 2013

(PDF of Original Post) 1-cent hike in sales tax taking effect Wednesday, vehicle license fee jumps in May; income tax already went up By GUY KOVNER THE PRESS DEMOCRAT Published: Sunday, March 29, 2009 at 2:32 p.m. The rancor in Sacramento over balancing California’s budget has subsided, at least for the time being. Now Californians […]