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A Constitutional Convention Poses Grave Risks

July 16, 2014

The idea of convening a constitutional convention to propose a balanced budget amendment or similar amendments raises grave problems, as we explain in a new paper.  A number of states have passed resolutions calling for such a convention, and proponents of a constitutional convention are targeting more states in an effort to...

Year-End Revenue Numbers More Proof of Kansas’ Failed Tax Cut Experiment

July 1, 2014

Kansas officials yesterday announced that state revenue dropped more than expected again in June, adding even more to the damage we previously documented from the tax cuts that Kansas put in place last year.  All told, Kansas...

Setting the Record Straight on Kansas

April 24, 2014

Rex Sinquefield — who funds campaigns for drastic tax cuts in Missouri — claims that our recent paper about the budgetary and economic impact of Kansas’ recent tax cuts was “patently false” and offers information that he says we “chose to ignore or distort.”

In his...

5 Reasons Other States Shouldn’t Follow Kansas’ Tax-Cutting Lead

March 27, 2014

One of the largest tax cuts any state has ever enacted took effect in Kansas at the beginning of last year.  The state sharply reduced its income tax rates and fully exempted certain business profits from taxation.  It also adopted a plan to cut income tax rates even further over the next few years.
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Caution Is the Right Approach to State “Surpluses”

January 22, 2014

Wisconsin’s Governor Scott Walker and New York’s Governor Andrew Cuomo, as well as leading lawmakers in Michigan and elsewhere, are using their state’s budget “surplus” to justify new tax cuts.  That’s highly imprudent, if not irresponsible.

State budget surpluses typically appear when the economy emerges from recession.  After a few years of weaker-than-expected...

Unhappy New Year: North Carolina Eliminates Its EITC

January 13, 2014

Low-wage working families have less support in North Carolina as of January 1.  That’s when the state officially eliminated its earned income tax credit (EITC), giving North Carolina the dubious distinction of being the only state ever to do so.

Half the states have created EITCs (see map) to help working families with incomes up to roughly $50,000 make ends meet.  As...

Three Steps to Estimating the Cost of a State EITC

December 19, 2013

Half of the states and the District of Columbia have enacted earned income tax credits (EITCs) to supplement the federal EITC, the nation’s most effective tool for reducing poverty among working families and children.  The federal EITC lifted 6.5 million people — half of them children — out of poverty in 2012, and it has...

For Some States, Education Cuts and Tax Cuts Go Hand in Hand

November 11, 2013

Not only have many states imposed deep funding cuts for K-12 schools since the recession hit, as our recent report explained, but most of the states that cut the deepest also cut income tax rates, reducing revenue that might have gone to schools.

11-11-13sfp.pngFive of the seven...

The Price of Kansas’ Costly Tax Cuts

September 26, 2013

No state did more to cut taxes in 2012 than Kansas, and no governor proclaimed as loudly as Kansas’ Sam Brownback that tax cuts would have minimal negative impact on public services.  So it’s worth looking at what our recent 50-state report on...

K-12 School Funding Remains Below Pre-Recession Levels in at Least 34 States

September 13, 2013

States have made widespread and very deep cuts to education formula funding since the start of the recession, and those cuts linger in most states, our updated analysis of state school funding shows.

The reduced levels reflect not only the recession’s lingering effects but also continued austerity in...

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