My list of “dos and don’ts to improve state economies” earlier this week advised states to ignore wild-eyed claims that broad-based tax cuts would strengthen state economies.
The Institute on Taxation and Economic Policy (ITEP) has a new report...
My list of “dos and don’ts to improve state economies” earlier this week advised states to ignore wild-eyed claims that broad-based tax cuts would strengthen state economies.
The Institute on Taxation and Economic Policy (ITEP) has a new report...
Our new guide to state fiscal policies that can create jobs now and prepare states for long-term prosperity has four main recommendations:
Today’s encouraging jobs report would have been even more encouraging if local governments weren’t still...
State and local government spending on goods and services fell at a faster rate — and hence had a bigger negative impact on economic growth — in 2011 than in any year in the last six decades, Commerce Department data released today show (see graph).
When states and localities cut...
Owners of large corporations, well-heeled law firms, and big investment funds would pay no taxes on millions of dollars in income under Kansas Governor Sam Brownback’s plan to abolish the income tax on business earnings that are “passed through” to owners, rather than taxed at the corporate level.
The plan would make Kansas the first state in...
Kansas Governor Sam Brownback and a legislatively appointed task force in Oklahoma have proposed raising taxes on working-poor families with children and impoverished seniors in order to help finance large tax cuts that mostly benefit the well-to-do.
The new proposals would eliminate each state’s Earned Income Tax Credit...
State policymakers are seriously considering an important policy option: Income tax increases on the wealthiest families in their states.
New York is about to impose higher taxes on individual taxpayers with annual incomes over $1 million and couples with incomes over $2 million. California’s governor and others in the Golden State have issued proposals for new tax rates on their...
We reported last week that 30 states are spending less per pupil on K-12 education this year than in the 2007-08 school year, before the recession started to take its toll on state budgets. We’ve tallied those funding cuts and found that, in aggregate, those 30 states are sending $25.5 billion less to school districts under their basic education funding formulas than they did in 2008.
Today’s jobs report shows that in August, cuts by states and local governments — especially school districts — wiped out private-sector job gains.
As Americans return from vacation to find shrunken state and local services — from fewer teachers in their children’s classrooms to less help for elderly and disabled residents to tuition hikes at public universities — we hope they’ll connect the dots as well as yesterday’s New York Times editorial did: