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Posts by Michael Mazerov

Michigan Considering Replicating Kansas’ Failed Tax Cut “Experiment”

February 16, 2017

Michigan lawmakers are seriously considering bills to start phasing out the state’s income tax sooner than scheduled under current law. Both proposals would likely force some combination of deep cuts in critical services like education, health care, and infrastructure and increases in sales and other regressive taxes. And, just as Kansas learned from its disastrous “experiment,” cutting...

After Tax Cuts, Kansas' Economy Underperforming U.S.

Missouri Nixes Sales Tax Base Expansion

November 10, 2016

Missouri voters on Tuesday approved a constitutional amendment to prohibit the state from ever broadening its sales tax base — and that of local governments — beyond what was subject to the tax as of January 2015.  That will lock in the state’s inequitable taxation of goods and services and hamstring its future revenue-raising capacity.

As I’ve...

Service Sector Growth Erodes Sale Tax Base

Millionaire Tax Flight Myth Debunked — Again

May 26, 2016

An important study published today conclusively debunks the myth that raising state income taxes on the wealthy causes many of them to flee to lower-tax states.  It also shows that repealing state income taxes — a change the American Legislative Exchange Council (ALEC) and others are promoting across the country — likely won’...

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New Jersey Can Strike Blow Against Tax Havens

May 4, 2016

New Jersey lawmakers in the coming weeks can level the playing field for small, in-state corporations competing with large multistate and multinational corporations that exploit domestic and foreign tax havens to cut their state taxes. 

The state Senate will vote on a bill requiring corporations to use “combined...

25 States Plus DC Now Require Combined Reporting

States Should Follow Europe’s Lead on Corporate Tax Disclosure

April 14, 2016

Corporate profits rose four times faster than state corporate income tax collections between 1990 and 2013 (see graph), suggesting that some corporations may not be paying what they should.  State policymakers looking to hold such corporations accountable can look to a policy recently proposed in Europe. ...

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States Get New Tool to Collect Taxes Due on Internet Sales

February 24, 2016

A federal court just handed states a powerful new tool to collect a larger share of the taxes that are legally due — but often go unpaid — on purchases made over the Internet.  The court upheld a 2010 Colorado...

Calculator - Tax Rates

Startups Fuel Job Growth, Animated

February 5, 2016

Startups and young, fast-growing companies create most new jobs during economic expansions, as we explain in our new report summarizing recent research on the dynamics of job creation.

“Startups” ― firms in their first year of existence ― play a critical role in job creation,...

Skyscrapers

Most Job Creation Starts at Home

February 3, 2016

To create jobs and build strong economies, states should focus on producing more home-grown entrepreneurs and on helping startups and young, fast-growing firms already in their state to grow ― not on cutting taxes and trying to lure businesses from other states.  That’s the conclusion from a new analysis of data about which businesses create jobs and where they create them, as we explain in a...

Infographic: The Vast Majority of Job Creation Comes From...

Repealing Internet Tax Freedom Act’s “Grandfather Clause” Could Harm All States

December 11, 2015

Legislation before Congress to repeal the Internet Tax Freedom Act’s (ITFA) “grandfather clause” could cost all states money, not just the seven states that the clause authorizes to continue taxing Internet access services directly.  That’s one reason among many why the House and Senate should reject this legislation (which would also permanently extend ITFA) when it comes up for...

Tax Calculator

More Transparency on Business Tax Breaks

August 25, 2015

The Governmental Accounting Standards Board (GASB), which sets the rules that states and localities follow in reporting revenues and spending, has handed the public and fiscal watchdog groups an invaluable tool to hold policymakers accountable for the tax breaks they give companies to encourage economic development. 

A new GASB rule...

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