Archives: Fara Klein / Articles
Archives: Fara Klein / Articles
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Governor Scott Takes Aim at the Corporate Income Tax
In a recent Bloomberg television interview, Governor Rick Scott of Florida detailed his plan to cut $500 million in state taxes and fees. The state of Florida is currently…
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Rain Tax Fines Drench Maryland’s Carroll County
Maryland’s Carroll County recently received a letter from Assistant Attorney General Paul DeSantis, threatening to fine the county $10,000 for each day that it does not enact a…
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Why work when welfare pays more?
The Cato Institute recently released an updated version of a decades-old study analyzing welfare benefits on a state-by-state basis. The study, The Work vs. Welfare Trade-Off, found that the…
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Successful Pension Reform in Rhode Island
In ALEC’s latest publication, Keeping The Promise: State Solutions For Government Pension Reform, former State Senator Dan Liljenquist details how the state of Rhode Island successfully addressed its unfunded…
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Pennsylvania Aims to Reform Government Pensions
By Fara Klein and Nick Oswald Pennsylvania legislators are gearing up to tackle one of the largest financial problems facing states today: unfunded pension liabilities. The traditional defined-benefit model for…
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Myth of the Day: Raising Tax Rates Will Not Harm Economic Growth
A centerpiece of the progressive case for big government is the premise that high taxes don’t effect economic growth. In Tax Myths Debunked, co-authors Dr. Pozdena and Dr. Fruits…
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Governor Patrick’s Tax and Spend Vision for Massachusetts
In a recent budget proposal that exemplifies the “tax and spend” approach to policymaking, Massachusetts Governor Deval Patrick has requested a 1 percentage point hike in the state’s income…
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Test Scores Decline Despite Increased Education Spending
Employment in America’s K-12 public school system has increased rapidly since the 1950’s. Interestingly, this growth in the number of teachers and public school employees has significantly outpaced growth in…
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The Need for Corporate Tax Reform
It’s no secret that the U.S. corporate tax rate is one of the highest in the world. However, a recent report released by the Cato Institute measured exactly…
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Stopping State Bailouts, Before They Start
First it was Wall Street, then it was General Motors, and now some expect that individual states will also seek a financial bailout from the federal government. Today, the…
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Taxes Push Firms Abroad
More and more U.S. companies are moving their corporate headquarters abroad to seek more favorable tax treatment of corporate income, according to recent analysis from the Wall Street Journal.
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New Study Shows State and Local Business Taxes on the Rise
The Council on State Taxation (COST) recently released a study revealing that businesses paid a total of $644 billion in state and local taxes in fiscal year 2011…
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Unfunded pension liability worse than expected
The issue of state pension sustainability has been a cause of major concern ever since the 2008 recession took a severe toll on pension investment portfolios. State Budget Solutions,…
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Taxpayers Flee Maryland
A recent study by the non-partisan group Change Maryland is garnering significant attention after finding more evidence that the state’s wealthiest residents are being driven out by excessive personal…