Institute on Taxation and Economic Policy (ITEP)

Washington

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 […]

Marietta Times: Tax cut delay hits 2009 returns

January 7, 2013

(PDF of the Original Post) By Evan Bevins, [email protected] POSTED: December 19, 2009 Thursday’s approval of Ohio Gov. Ted Strickland’s plan to delay a tax cut will cost a majority of residents less than $70. For the 20 percent of taxpayers making more than $76,000, the difference will be in the three- or even four-digit […]

Reuters: Special Report: A Long Island tax cut backfires on the Tea Party

January 7, 2013

(PDF of the Original Post) By Edith Honan and Kristina CookeMINEOLA, New York | Thu Jan 27, 2011 12:52pm EST (Reuters) – At his January 2010 inauguration, Tea Party-backed Republican Edward Mangano marched up to the podium, pen in hand. Even before being officially declared Nassau County Executive, he signed a repeal of an unpopular […]

Art Voice: All This for Just $40 a Month

January 7, 2013

(PDF of the Original Post) It’s a county election year, so prepare for a season of tax rants Next Tuesday, there will be a special election for mayor in normally orderly Rochester. The chief candidates are former three-term mayor Bill Johnson on the Working Families and Independence lines, and the Democratic organization’s man, Thomas Richards, […]

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 […]

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 […]

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 […]