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Posts on State Budget And Tax
May 5, 2010

To follow up on last week’s post on state taxes and the working poor (and TAPPED’s post on our recent report), these maps show the progress states have made over the past two decades in eliminating income taxes on working-poor families.

May 4, 2010

As today’s USA Today details, policymakers, unions, and celebrities are speaking out against large-scale teacher layoffs across the country — the Obama Administration estimates that as many as 300,000 teachers could lose their jobs. School districts face tough spending choices due to state budget cuts and an end to federal Recovery Act funding.

May 3, 2010

Analyzing the new GDP figures issued Friday, which showed state and local spending falling at the fastest rate in three decades, Matt Yglesias made the important point that the large cuts in state and local spending are a drag on the economy. The new figures are just the latest evidence that Congress should extend the Recovery Act’s fiscal relief to states.

April 30, 2010

Just before midnight last night, Georgia’s legislature voted to eliminate a tax credit for 1 million workers earning under $20,000, joining several other states that are cutting (or considering cutting) tax benefits for low-income families. While states face severe budget pressures due to the recession, sacrificing their low-income tax credits is a terrible idea, for a host of reasons:

April 29, 2010

Over the past two decades, a number of states have recognized the folly of taxing working-poor families deeper into poverty and, instead, have eliminated their income taxes on poor — and, in some states, near-poor — households. But our new survey finds that 13 of the 42 states with an income tax still tax two-parent families of four with earnings below the poverty line ($21,947).

April 23, 2010

The deep cuts in public services and millionaire-friendly tax policies that New Jersey Governor Chris Christie has proposed have made him a poster child for good governance for conservatives like Fred Barnes and George Will. But his proposals also highlight — if unintentionally — the need for a better, balanced approach to meeting public needs despite a recession-fueled plunge in state revenues.

April 21, 2010

The New York Times reports that hundreds of thousands of teachers across the country could face layoffs in June, as state revenues remain weak and federal Recovery Act assistance will soon dry up. (The Washington Post has a similar story.)

April 20, 2010

Critics who claim the new health reform law’s Medicaid expansion will place an unaffordable burden on states ignore the fact that the federal government will cover virtually all of the cost. They also ignore the ways in which the law will save states money.

April 19, 2010

As Congress considers whether to extend the state fiscal assistance in last year’s Recovery Act, it should keep in mind that without those funds, states will have a very hard time continuing their initiatives to improve their schools.

Education is the single biggest item in state budgets. So when the recession triggered an unprecedented decline in state revenues, it’s not surprising that most states cut education spending to help close their shortfalls.

April 15, 2010

How federal tax dollars are spent:

How state tax dollars are spent:

For more on where your taxes go, listen to...