Contrary to suggestions by Treasury Secretary Steven Mnuchin and others , borrowing isn’t a viable substitute for the substantial direct federal aid ... Read more
Borrowing is not a viable substitute for the substantial direct aid states need to offset their sharp revenue declines and cost increases stemming from COVID-19. Read more
Some Administration officials are arguing that states don’t urgently need more direct federal relief because they can borrow from the new Federal ... Read more
As Massachusetts lawmakers seek to raise revenue to make needed investments in roads, bridges, and public transit, they should abandon plans that rely solely on ... Read more
In an increasing number of states, lobbyists for large multistate corporations have been pushing for the enactment of a new tax break they call “deferred ... Read more
Update, July 12: we’ve updated this post. I’ve noted that the new federal Opportunity Zone (OZ) tax incentive program will automatically cut state ... Read more
Oregon’s conformity to changes made by the 2017 federal tax law would have resulted in a one-time loss of corporate income tax revenue. Senate Bill ... Read more
Some states have enacted, or are considering, changes in their corporate income taxes in response to federal corporate income tax changes in the 2017 federal ... Read more
