Tag: Tax & Fiscal Policy | Economy | Regulation | Government | Rich States
Tag: Tax & Fiscal Policy | Economy | Regulation | Government | Rich States (page 2)
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Vermont’s Soft Drink Tax Is a Nightmare for Small Businesses
Vermont consumers have an unwelcome surprise at the cash register: a new six-percent sales tax on their favorite soft drink. This session, Vermont passed $63 million in new taxes,…
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State of the States Report: Pro-Taxpayer Innovation on the Rise
Nonpartisan fiscal watchdog group State Budget Solutions estimates total debt in the states is at least $5 trillion. Clearly, state governments need new solutions to address today’s fiscal…
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What State Governments Can Do to Protect Their Citizens from an Economic Downturn
Today was a rough day for global financial markets. The Dow Jones Industrial Average plummeted more than 1,000 points before recovering some of the lost ground. All told, the Dow…
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Puerto Rico’s Debt Crisis: Mitigating the Current Crisis and Preventing Future Ones
On August 3rd, Puerto Rico failed to pay $58 million to its Public Finance Corporation creditors. Nearly a month earlier, ALEC Tax and Fiscal Policy Research Analyst…
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California Budget Fails to Address Long-Term Fiscal Stability
California’s newly enacted budget for 2015-2016 falls short of properly addressing the institutional budget troubles the state has faced for years. The California budget shows some steps in the…
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Texas Legislature Passes Significant New Tax Relief and Continues to Lead on Pro-Growth Reforms
As the Texas Legislature finished its 2015 session, lawmakers from the Lone Star State have once again approved a tax relief measure that will only add to the Texas reputation…
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An Open Letter to Kansas Lawmakers: All Taxes Hinder Economic Growth…But Some Taxes are Worse Than Others
On May 20, 2015, ALEC CEO Lisa B. Nelson and Vice President of the Center for State Fiscal Reform Jonathan Williams distributed the following letter to lawmakers in the Kansas…
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Colorado Taxpayers Will Likely See TABOR Tax Refunds Next Year
https://www.shutterstock.com/image-photo/colorado-state-capitol-building-denver-216746854 Colorado taxpayers are very likely to get a break when they file their taxes next year as the state prepares to refund some tax revenues back to taxpayers…
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‘Strong Roots Nebraska’ Plan Would Boost Economic Outlook
https://www.shutterstock.com/image-photo/state-capitol-building-lincoln-nebraska-usa-185629838 The recent state of Nebraska’s tax and fiscal policy climate has been lackluster compared to other states in the region. In the most recent edition of Rich States,…
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University of California Pension Costs Force Tuition Increase
Time and time again, California proves itself to be a what-not-to-do handbook for states looking to responsibly balance their budgets. This reputation was clearly on display by the University of…
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The Blue States’ Economic Paradox
Blue states have a problem. Although there are some recently notable exceptions, most vehemently oppose cutting taxes, favoring instead a tax-and-spend or top-down redistribution approach. They require high…
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New 2014 Rich States, Poor States Rankings Show States Are Making Large Reforms
Since 2008, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index has used the latest economic data to determine which states are doing well and which states are struggling. The…
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Oklahoma Considers Pro-Growth Tax Reform
Last year, Oklahoma legislators voted on a tax reduction package to the state’s personal income tax. The measure passed the legislature and was signed by Governor Fallin. Ultimately, however,…
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The $5.1 Trillion Elephant in the Room
State Budget Solutions, a non-partisan public policy organization, has released their 4th annual report on state debt. The findings are not pleasant. The data shows that the total…
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Texas vs. Maryland: Opposing Economic Strategies
Recently, Texas Governor Rick Perry and Maryland Governor Martin O’Malley had a verbal sparring match on CNN’s Crossfire. Both participants mentioned various statistics and claimed the mantle of economic success…
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Keeping the Promise: State Solutions for Government Pension Reform
Navigating the difficult waters of unfunded liabilities and public pension reform can be a daunting task, which is why the American Legislative Exchange Council Center for State Fiscal Reform has…
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Right-to-Work Would Have Put Michigan in Top 10 in Rich States, Poor States
Economic growth has been at the top of legislative agenda in Michigan in recent years. The state has repealed the Michigan Business Tax, initiated the phase-out of the personal property…
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Rich States, Poor States on Wall Street Journal Live
This week, Rich States, Poor States co-author, and member of the Wall Street Journal editorial board, Stephen Moore recorded a video opinion for Wall Street Journal Live covering the recent…
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