Tag: Rich States Poor States
Tag: Rich States Poor States (page 7)
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North Carolina picks prosperity through pro-growth tax reform
Both houses of the North Carolina legislature are currently considering competing bills that lower taxes by $1 billion or more over the next five years, move the state to a…
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Government Accountability Office Releases Annual Waste Report
Every year, the Government Accountability Office (GAO) releases a report, first commissioned by Sen. Tom Coburn, detailing instances of waste and duplication by federal agencies. This year the waste…
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Center on Budget and Policy Priorities: Long on Opinion, Short on Research
The Left-wing Center for Budget and Policy Priorities (CBPP) is out with a new essay attacking the economic basis for low tax, free-market, limited government policy proposals like those laid out in …
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ALEC Releases New Report: Tax Myths Debunked
Across the country, states are seeking new ways to become more competitive and enhance economic growth. Unfortunately, economic prosperity can be elusive, as some “well-known” policy prescriptions fail to deliver…
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The California Sand Trap
Pro golfer Phil Mickelson might become the next victim of California’s new high tax rates. In a press conference recently he explained that he felt targeted by the federal…
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California Legislature Has Fate of State in its Hands | FlashReport.org
California Legislature Has Fate of State in its Hands | FlashReport.org By: Katy Grimes The California Legislature will be back in business on Monday Jan. 7. As the…
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The Real Snake Oil Salesmen
By: Sen. Howard Stephenson Since 1995, the Utah Legislature has worked to fully implement the sound tax policy of not collecting sales taxes on business inputs like manufacturing equipment, mining…
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No Snake Oil, Life is About Incentives
By Jonathan Small, CPA Many have heard the saying, “You reap what you sow.” This is an undeniable fact of life, reality. Essentially, this saying means that productive…
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A New Dose of Junk Economics
Despite the mountains of credible statistical evidence, the growing scholarly economic consensus, and sheer common sense, another report is released to claim that taxes don’t matter in state economies. The…
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Capital Gains Taxes: The Phantom Menace
Film fans are abuzz over news that George Lucas will sell LucasArts, along with the globally renowned “Star Wars” franchise to Disney for a staggering $4 billion. But as Quentin…
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Hired With a Silver Spoon?
At a time when states are tightening their budgets and looking everywhere to find savings, one area has been largely overlooked. A new study released by Citizens Against Government…
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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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Inside ALEC Takes on Taxes
“No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we’ll ever see on this…
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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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An Expensive Year for Government
The Cost of Government Center (CGC) is part of the Americans for Tax Reform Foundation, a non-profit group that promotes flatter, simpler and lower taxes across the US. CGC…
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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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A False Choice in Illinois
This Friday, the Illinois General Assembly will convene a one-day special session to address the state’s overwhelming pension liability. Illinois faces a pension funding crisis of at least $83 billion…
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The Avoidable Bankruptcy Catastrophe
Bankruptcy has become a real danger to municipalities that choose not to address their fiscal problems. And for most, the problem at the top of the list is unfunded pension…
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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…