Lawmakers in Connecticut, Minnesota, and Vermont are considering raising taxes on capital gains —profits from selling an asset that has gained value, such as stock, real estate, or artwork — while New Mexico this year scaled back a tax break for capital gains. Historically, wealthy (mainly white) individuals used their political power to shape state tax policies in ways that largely benefit...
off the charts
POLICY INSIGHT
BEYOND THE NUMBERS
BEYOND THE NUMBERS
With Federal Funding Unreliable, States Must Invest in School Buildings
May 1, 2019
Summer is often a time to repair and improve school buildings or finish building new ones, but the nation’s K-12 schools — especially in low-income neighborhoods — have been neglected for years. The coming onset of summer provides a timely reminder that states should move more forcefully to help address the need.
State cuts to K-12 education over the past decade have affected more than...
By Expanding Wealth Taxes, States Can Expand Opportunity
December 12, 2018
The nation’s wealth is concentrated in the hands of a few (see graphic), and state tax systems have contributed to that concentration as wealthy individuals and corporations used their power to shape state tax policies to benefit themselves. But better state tax policies could help build...
States Can Still Prepare for Next Recession
October 30, 2018
Most states have most or all of the “rainy day” funds — reserves to use when recessions or other unexpected events cause revenue declines or spending increases — needed to weather a moderate recession, but they still face many risks, according to the bond rating agencies...
School Infrastructure Needs a Funding Infusion
April 17, 2018
As this week’s New York Times vignettes from teachers themselves show, school funding debates in states across the country must include an important piece of the funding puzzle: money to build new — and repair old — schools. Improving the schools in which children learn is one key to...
New Infrastructure Plan Would Boost Economy
March 14, 2018
Senate Democrats’ new Jobs & Infrastructure Plan for America’s Workers would invest roughly $1 trillion in public transit, roads, schools, water treatment plants, housing, and other critical infrastructure to create better-paid jobs, boost broadly shared economic growth...
Weaker Unions Could Mean More Income Inequality in States
March 6, 2018
The Supreme Court is considering whether public sector unions can require non-members to pay fees to cover certain union expenses and, if it decides they can’t, that likely will mean that such unions will lose members, hurting their ability to bargain collectively with employers. That, in turn, could worsen income inequality, which has been growing across the country and in individual states...
Trump Plan to Cut Federal Infrastructure Funding Puts Needed Improvements at Risk
February 15, 2018
President Trump’s infrastructure plan is a disappointment to states and localities looking for significant help from the federal government to address the country’s crumbling infrastructure. As my colleague Jacob Leibenluft explained, the plan is a mirage that would cut federal support for infrastructure...
Time for States to Invest in Schools
January 31, 2018
State cuts in K-12 education funding over the past decade, which we’ve detailed, have affected more than schools’ operating budgets for teacher salaries, textbooks, and so on. Capital spending — to, for example, build new schools, renovate and expand facilities, and equip schools with more...
States Should Take Initiative on Infrastructure to Boost Economic Growth
August 10, 2017
The condition of roads, bridges, schools, water treatment plants, and other physical assets greatly influences the economy’s ability to function and grow. Commerce requires well-maintained roads, railroads, airports, and ports. Growing communities rely on well-functioning water and sewer systems and uncrowded, safe schools. Every state needs infrastructure improvements that have the potential...
