State Budget and Tax Archive
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Business Expensing Proposal Would Add to State Fiscal Problems
Updated December 16, 2010
Notwithstanding the overall positive impacts that the tax deal between President Obama and Republican leaders would have for the economy in the near term, its provision to encourage business investment in machinery and equipment would cost states over $11 billion in state corporate and individual income tax revenues during the … -
Federal TANF Funding Shrinking While Need Remains High
December 15, 2010
With unemployment high and millions of families in need, for the first time since 1996 when President Clinton and Congress created the Temporary Assistance for Needy Families (TANF) block grant as part of welfare reform, no additional TANF funds are available from the federal government to help states respond to the large … -
Podcast: The Recovery Act is Boosting the Economy
December 14, 2010
Michael Leachman, Assistant Director of the Center’s State Fiscal Project, discusses the latest information showing that the Recovery Act is creating jobs and boosting the economy.
Duration: 3:53
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State Earned Income Tax Credits: 2010 Legislative Update
Updated December 9, 2010
An Earned Income Tax Credit (EITC) modeled on the federal program of the same name is now offered in 23 states and the District of Columbia as a way to reduce taxes and supplement wages for low- and moderate-income working families. A large body of evidence has shown that the state and federal EITCs serve a number of important … -
State Film Subsidies: Not Much Bang For Too Many Bucks
Updated December 9, 2010
Like a Hollywood fantasy, claims that tax subsidies for film and TV productions — which nearly every state has adopted in recent years — are cost-effective tools of job and income creation are more fiction than fact. In the harsh light of reality, film subsidies offer little bang for the buck. State film subsidies are costly … -
Amazon’s Arguments Against Collecting Sales Taxes Do Not Withstand Scrutiny
Revised November 29, 2010
The Internet retailer Amazon.com has offered two primary justifications for opposing efforts of a growing number of states to require the company and other online retailers to charge sales tax. Amazon officials have argued that collecting sales taxes would be administratively burdensome. They have also claimed that the … -
New CBO Report Finds Up to 3.6 Million People Owe Their Jobs to the Recovery Act
Updated November 29, 2010
View the most recent version of this report: New CBO Report Finds Hundreds of Thousands of People Still Owe Their Jobs to the Recovery Act Updated May 29, 2012 A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.4 million and 3.6 … -
How Much Would a State Earned Income Tax Credit Cost in Fiscal Year 2012?
Updated November 24, 2010
The federal Earned Income Tax Credit (EITC) is the nation’s most effective anti-poverty program for working families. It lifted 6.5 million people — including 3.3 million children — above the poverty line in 2009.[1] The 24 state-level EITCs modeled after the federal program complement it in combating … -
Media Briefing: Are State Film Tax Credits Worth the Cost?
November 17, 2010
Dr. Robert Tannenwald, Senior Fellow with the Center’s State Fiscal Project, discusses why state tax subsidies that are designed to attract film and TV productions are ineffective tools for job creation and economic development.
Duration: 9:51
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Press Release: Tax Subsidies to Attract Film and TV Productions Don’t Pay Off for States
November 17, 2010
In recent years, nearly every state has adopted generous tax subsidies for film and TV productions in an attempt to create local jobs and boost the state economy, but the cost of these subsidies is outweighing their benefits, according to a new report from the Center on Budget and Policy Priorities.… -
Business Expensing Proposal Would Add to State Fiscal Problems
November 11, 2010
View more recent report with more up-to-date data: Business Expensing Proposal Would Add to State Fiscal Problems Updated December 16, 2010 President Obama’s proposed temporary tax incentive to encourage business investment in machinery and equipment would cost states up to $20 billion instate corporate and individual income tax revenues during … -
House GOP Leaders’ Plan Would Slash Funds for State and Local Services, Slow Economic Recovery
November 11, 2010
A proposal by House Republican leaders to cut non-security discretionary spending by more than 20 percent in fiscal year 2011 could reduce federal funding for programs operated by state and local governments by $32 billion, substantially reducing the ability of those governments to provide crucial services to millions of Americans. (See page … -
Vast Majority of Large Maryland Corporations Are Already Subject to “Combined Reporting” in Other States
November 9, 2010
For the past several years, there has been serious discussion in Maryland of adopting an important reform in the state corporate income tax known as “combined reporting.” The state legislature established the Maryland Business Tax Reform Commission in 2007 to study combined reporting and several other corporate tax policy issues, … -
Press Release: Most Maryland Corporations Already Comply With Proposed Corporate Tax Reform in Other States
November 9, 2010
While proposals to adopt a key corporate tax reform in Maryland have drawn criticism from some multistate corporations, the vast majority of Maryland’s largest corporations already comply with the reform in at least one of the 23 other states that have it, according to a report released today … -
Testimony of Robert Tannenwald, Senior Fellow, before the New Hampshire Business Tax Commission
November 4, 2010
Executive Summary Business tax cuts and/or new business tax incentives will not put New Hampshire back on a path of stable, widely shared prosperity because: Business tax reductions will not pay for themselves. In order to finance them, the state will have to raise … -
Podcast: State Ballot Initiatives Will Affect Public Services
November 2, 2010
Jon Shure, the Deputy Director of the Center’s State Fiscal Project, discusses how in some states people will vote today on ballot initiatives that will significantly affect public services.
Duration: 3:28
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Podcast: States Continue to Feel Recession’s Effects
October 25, 2010
Policy Analyst Phil Oliff discusses how states are still struggling to deal with the steep decline in revenues brought on by the recession.
Duration: 2:51
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Some Recent Reports Overstate the Effect on State Budgets of the Medicaid Expansions in the Health Reform Law
October 21, 2010
Under the Affordable Care Act (ACA), states are required to expand their Medicaid programs to cover all non-elderly adults and children with incomes up to 133 percent of the federal poverty line ($29,400 for a family of four) starting on January 1, 2014. According to estimates from the Congressional Budget Office (CBO), the cost to states of … -
Conference: America's Fiscal Future
October 5, 2010
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Flawed Study Should Be Given No Credence in Evaluating Jobs and Revenue Impact of California Corporate Tax Break
September 29, 2010
A coalition of California corporations has released an economic analysis of the job and revenue gains the state supposedly can expect to see if a corporate tax break is allowed to go into effect next year. The study is so flawed, however, that it should not be given any credence in evaluating the potential impact of the tax break on California … -
Cutting State Corporate Income Taxes Is Unlikely to Create Many Jobs
September 14, 2010
Corporate income taxes are important sources of revenue that states use to fund public services, including services essential to long-term economic growth like education, infrastructure, health care, and public safety. Nonetheless, a number of 2010 gubernatorial candidates have made corporate tax cuts key planks of their campaign platforms. … -
To Avoid Looming Tax Increases for Employers and Likely Benefit Cuts for Unemployed Workers, Moratorium on State Interest Payments to Federal UI Trust Fund Needs to Be Extended
Updated September 13, 2010
To avoid tax increases for employers and benefit cuts for unemployed workers, which would damage the still-weak economic recovery, policymakers should extend a moratorium on the interest payments that state unemployment insurance (UI) trust funds must make to the federal government for the funds they borrow to pay … -
“FairTax” Proposals to Replace State Income and Business Taxes With Expanded Sales Tax Would Create Serious Problems
September 7, 2010
Proposals in several states to eliminate income and business taxes and substitute higher, broader sales taxes would threaten a state’s ability to maintain necessary services over time and sharply increase the taxes that many low- and middle-income households pay. Such proposals, which supporters often call “FairTax” … -
Video Clip: CNN Europe cites the Center on State Budget Gap Data
August 31, 2010
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Podcast: State Budget Crisis Continues Despite Surpluses
August 24, 2010
Senior Fellow Liz McNichol discusses why some states have ended their fiscal year with budgets in the black even as the state budget crisis continues.
Duration: 3:35
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Failing to Extend Fiscal Relief to States Will Create New Budget Gaps, Forcing Cuts and Job Loss in at Least 34 States
Revised August 13, 2010
If Congress does not extend the enhanced Medicaid matching funds in last year’s Recovery Act, most states will cut public services or raise taxes for the fiscal year that begins July 1 by even more than they are already planning – laying off tens of thousands more teachers and other public employees, cutting education funding more … -
State-By-State Numbers: Critical Fiscal Relief at Stake In Tuesday’s House Vote
August 6, 2010
States stand to lose significant amounts of fiscal relief if legislation that the Senate approved yesterday, and the House is due to take up next week, fails to become law. The level of losses is shown on a state-by-state basis in the table below. Because of the long and deep recession, states have begun their third consecutive year … -
July 30 Data Release Will Capture Only a Portion of the Jobs Created or Saved by the Recovery Act
July 29, 2010
On July 30, the Recovery Accountability and Transparency Board will post on its website, www.recovery.gov, data on jobs funded by the American Recovery and Reinvestment Act (ARRA). This data release will capture only a portion of the jobs created and saved by the Act, due to ARRA’s limited reporting requirements. According to the … -
Podcast: New Fiscal Year Brings More Tough Times for States
July 13, 2010
Policy Analyst Phil Oliff discusses what the new fiscal year brings for states.
Duration: 2:56
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Podcast: Property Taxes
July 6, 2010
Senior Advisor Iris Lav discusses property taxes, and good and bad ways to address concerns about rising property tax bills.
Duration: 3:40
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New Fiscal Year Brings More Grief for State Budgets, Putting Economic Recovery at Risk
June 29, 2010
Dismal state revenue collections caused by the severe recession are setting the stage for a new round of state budget cuts as fiscal year 2011 begins in most states on July 1. The states’ cumulative budget shortfall will likely reach $140 billion in the coming year, the largest shortfall yet in a string of huge annual gaps that date back … -
What States and the Economy Lost When the Senate Jobs Bill Failed
Updated June 24, 2010
The Senate’s failure to pass its version of jobs legislation, which would have extended federal assistance to states, will force the states – which are struggling with an unprecedented drop in revenues due to the recession – to make even deeper spending cuts and raise taxes even … -
Health Reform Is a Good Deal for States
Revised June 18, 2010
Contrary to claims that the health reform law’s Medicaid expansion will place an unaffordable burden on states, the federal government will shoulder nearly all of the cost of the expansion, which will cover 16 million low-income children and adults while raising state Medicaid spending by just 1.25 percent compared to … -
Property Tax Cap Wouldn’t Improve New Jersey Policies
June 8, 2010
A report released by the Manhattan Institute on May 24 compares taxes, education spending, and standardized tests in Massachusetts and New Jersey, arguing that a property tax cap has reduced property taxes and school spending in Massachusetts without compromising student performance — and implies that a cap would do the same in New … -
Media Briefing: Property Tax Cap Wouldn’t Improve New Jersey Policies
June 8, 2010
Suggestions that Massachusetts’ experience under a property tax cap shows New Jersey could impose a similar cap without harming education and other public services are misleading. Senior advisor Iris Lav discusses why a property tax cap in New Jersey is likely to end up reducing essential … -
Podcast: The Recovery Act is Working
June 8, 2010
The latest information showing that the Recovery Act is creating jobs and the need to extend more aid to states is discussed by Senior Policy Analyst, Michael Leachman.
Duration: 3:29
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Press Release: Claimed Benefits of Massachusetts-Style Property Tax Cap Overblown, New Study Shows
June 8, 2010
Suggestions that Massachusetts’ experience under a property tax cap shows New Jersey could impose a similar cap without harming education and other public services are misleading, according to a new analysis by the Center on Budget and Policy Priorities. A recent Manhattan Institute report … -
Statement: Nicholas Johnson, Director, State Fiscal Project, on NGA and NASBO's “Fiscal Survey of the States”
June 3, 2010
Today’s “Fiscal Survey of States” from the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO) underscores the urgent need for Congress to extend fiscal relief to states in the pending jobs legislation. Without further assistance, … -
New CBO Report Finds Recovery Act has Preserved or Created up to 2.8 Million Jobs
May 26, 2010
View the most recent version of this report: New CBO Report Finds Hundreds of Thousands of People Still Owe Their Jobs to the Recovery Act Updated May 29, 2012 A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) had preserved or created between 1.2 million and 2.8 million jobs as … -
Hidden Consequences: Lessons From Massachusetts for States Considering a Property Tax Cap
Revised May 25, 2010
Executive Summary Advocates of reducing property taxes often cite Proposition 2 ½, the strict property tax cap Massachusetts adopted in 1980, as a model for reform. Most recently, New Jersey Governor Christie has proposed a cap similar to Proposition 2 ½, which limits property tax revenues in Massachusetts to 2.5 … -
Premature End of Federal Assistance to States Threatens Education Reforms and Jobs
Updated May 25, 2010
Recovery Act assistance to states will largely run out this year, which could not only eliminate hundreds of thousands of jobs and undermine basic education services but also impede education reform efforts. As Education Secretary Duncan recently told Congress, “We are gravely concerned that the kind of state and local budget … -
Stalled Estate Tax Proposal Could Threaten State Revenues that Support Education, Public Safety, and Other Key Services
May 20, 2010
A provision that several senators were reportedly considering for a now-stalled estate tax proposal could squeeze state revenues that support education, public safety, and other vital services to help cut taxes on the estates of the wealthiest one-quarter of 1 percent of Americans. The proposal, which several Senators (including Jon Kyl, Max … -
Budgetary Concerns Should Not Be An Obstacle to Passing the New Jobs Bill
Revised May 20, 2010
Congress is about to take up a jobs bill that will provide a needed boost to the economic recovery and help people still struggling to find work in a difficult labor market. Senate Finance Committee Chairman Max Baucus and House Ways and Means Committee Chairman Sander Levin today released a summary of … -
Podcast: Health Reform is a Good Deal for States
May 11, 2010
Policy Analyst, January Angeles, discusses how the Medicaid expansion in the new health reform law is a good deal for states. Duration: 3:58
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Podcast: State Budget Cuts Put Education Reforms at Risk
May 4, 2010
Nick Johnson, Director of the Center’s State Fiscal Project, discusses the risk that state budget problems will derail education reform. Duration: 4:58
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Some States Scaling Back Tax Credits for Low-Income Families
Revised May 3, 2010
Facing large budget shortfalls, a small number of states are scaling back tax credits for low-income working families, which not only harms some of the families hardest hit by the recession but also weakens the economy by lowering overall demand. States have other budget-balancing strategies that are better for both vulnerable … -
The Impact of State Income Taxes on Low-Income Families in 2009
April 29, 2010
State income taxes affect working-poor families in different ways. Some states’ tax codes help working-poor families lift themselves out of poverty. Others push them deeper into poverty. An analysis of state income tax systems for the 2009 tax year shows that: In 13 of the 42 states that levy income taxes, two-parent families of … -
Press Release: State Income Taxes Push Many Working-Poor Families Deeper Into Poverty
April 29, 2010
Thirteen states taxed working-poor families deeper into poverty last year, according to a new report from the Center on Budget and Policy Priorities. In some of those states, poor families faced several hundred dollars in state income taxes — a significant amount for a family struggling to … -
Budget Cuts or Tax Increases at the State Level
Updated April 28, 2010
The recent, unusually long and deep recession is making it difficult for states to maintain balanced budgets, as nearly all of them are required to do by law. Almost every state has reduced spending and 33 also have raised revenue to bring their budgets into balance. Additional cuts and revenue measures are being proposed for the next fiscal year. … -
Education, Health, Public Safety, and Infrastructure Would Decline Under SJR 2420’s Proposed TABOR Limit
April 26, 2010
The Florida legislature is considering a TABOR proposal, SJR 2420, to limit state revenue growth by the combined rate of inflation and population growth — the adoption of which would undermine Florida’s ability to meet the needs of its residents and invest in the future. [1] If the bill passes the legislature, the measure would go …
