Tag: Taxation

Tag: Taxation

  • Arizona State of the State: Confidence and Conviction, Promise and Possibility image

    Arizona State of the State: Confidence and Conviction, Promise and Possibility

    Arizona Governor Doug Ducey delivered a sunny State of the State address, highlighting the “capacity of our state, and its people, to always be ahead of the …

  • California State of the State: A High Speed Train of Taxes and Spending image

    California State of the State: A High Speed Train of Taxes and Spending

    California Governor Jerry Brown boldly championed an unabashedly liberal agenda throughout his 16th—and final—State of the State address. The governor declared, “California is prospering,” a stark turnaround from the economic …

  • Michigan State of the State: A Comeback Story image

    Michigan State of the State: A Comeback Story

    Fortune is changing in the state of Michigan following decades of extreme economic adversity, from the rapid downturn in the auto industry to the downward population spiral in Detroit. Governor …

  • South Dakota Legislative Proposals Would Dramatically Reform Spending, Provide Stability, & Deliver Tax Relief image

    South Dakota Legislative Proposals Would Dramatically Reform Spending, Provide Stability, & Deliver Tax Relief

    Two pieces of legislation working their way through the South Dakota legislature could provide spending restraint along with property tax relief for residents. The first is SJR 5, which is …

  • Missouri State of the State: Government Should “Do Fewer Things and Do Them Better.” image

    Missouri State of the State: Government Should “Do Fewer Things and Do Them Better.”

    The Show-Me State’s 2018 legislative session is off to an exciting start, as Eric Greitens begins his second year as Missouri governor. His inaugural session in office focused heavily on …

  • South Dakota State of the State: Mixed Agenda of Pro-Growth Regulatory Reform but Possible Tax Hikes image

    South Dakota State of the State: Mixed Agenda of Pro-Growth Regulatory Reform but Possible Tax Hikes

    South Dakota Governor Dennis Daugaard’s 2018 State of the State focused on workforce development, public education, occupational licensing reform, a possible transportation tax increase and support for overturning legal precedent …

  • The Williams Report image

    The Williams Report

    Budget  National: States in For Fiscal Crises Without Reining in of Irresponsible Spending. California: Despite Warnings of Recession, Gov. Brown’s Budget Proposal Massively Hikes …

  • Proposed Tax Increases Threaten to Stunt Oklahoma Recovery image
  • For High-Octane Growth, Exchange the State and Local Tax Deductions for Lower Income Tax Rates image

    For High-Octane Growth, Exchange the State and Local Tax Deductions for Lower Income Tax Rates

    Eliminating the state and local tax (SALT) deduction would provide upwards of $1.5 trillion over the next decade to implement broad-based tax cuts nationally. This overhaul would spur the growth …

  • Education Spending and Outcomes image

    Education Spending and Outcomes

    In 2016, the Connecticut Superior Court held that the state failed to uphold its constitutional duty to provide adequate education to children in certain school districts.[i] …

  • Taxpayers Score Win as Pennsylvania House Squashes Proposed Tax Hikes image

    Taxpayers Score Win as Pennsylvania House Squashes Proposed Tax Hikes

    Late Wednesday night, members of the Pennsylvania House of Representatives passed a budget that is free of the onerous tax increases included in previous budgets passed by …

  • Arkansas Fumbles the Ball With Fantasy Sports Tax image

    Arkansas Fumbles the Ball With Fantasy Sports Tax

    Rotisserie league and general fantasy sports betting contests have existed for decades. With the internet, now millions can compete in daily and season-long fantasy sports contests, often with entry fees …

  • North Carolina Accelerates Broad-Based Tax Relief image

    North Carolina Accelerates Broad-Based Tax Relief

    By further lowering economically destructive taxes on productivity, North Carolina lawmakers are giving the state’s economy yet another long-term boost, further magnetizing its draw for individuals and businesses alike.

  • Resolution Urging Congress to Cut the Federal Corporate Tax Rate image

    Resolution Urging Congress to Cut the Federal Corporate Tax Rate

    Summary: This resolution encourages Congress to cut the 35 percent federal corporate tax rate and replace the U.S.’s “cross-border” tax system with a “home country” tax system in order to …

  • State of the State: Illinois image

    State of the State: Illinois

    From Illinois’ crushing taxes and regulations to the state’s fiscal problems, it is easy to see why people are voting with their feet and leaving the state at disproportionately high rates. If the Land of Lincoln wishes to stop the bleeding, Governor Rauner can’t be the only one with good ideas—members of the General Assembly and the general public need to get behind necessary reform efforts to save the state.

  • State of the State: Delaware image

    State of the State: Delaware

    Governor Carney's agenda resists overall spending reductions, advocates for higher taxes and neglects other needed policy reforms (such as worker’s compensation and worker freedom). With a legislature unlikely to circumvent the lackluster agenda of the new governor, don’t expect Delaware’s economic outlook to break through the median anytime soon.

  • State of the State: Ohio image

    State of the State: Ohio

    A renewed focus on reforms-rather than government micromanagement-can ensure the governor’s homestretch is one of continued economic renewal.

  • State of the State: New Hampshire image

    State of the State: New Hampshire

    Despite the Granite State’s strengths and Sununu’s proposals, there remains work to be done. For example, the top marginal tax rate for corporations is a steep 8.2%; and although New Hampshire doesn’t have a personal income tax or sales tax, it does have the highest property tax burden in the nation. New Hampshire also ranks a lackluster 37th in the nation in terms of burdensome regulations according to the Pacific Research Institute. Furthermore, the recently released ALEC report Unaccountable and Unaffordable 2016 ranks the state’s pension funding level at 43rd nationally. Using a risk-free rate of return of 2.344 percent, New Hampshire’s state pensions are unfunded in excess of $13,000 per capita with a funded ratio of just 28 percent.

  • State of the Commonwealth: Massachusetts image

    State of the Commonwealth: Massachusetts

    Overall, however, the state’s steps towards economic competitiveness are yielding results. Governor Baker rightfully recognized this achievement, “We built a bipartisan team, worked in partnership with the legislature and looked for common ground.” Shrinking the state’s budget gap by over $1 billion without tax or fee increases is just one example.

  • State of the State: Vermont image

    State of the State: Vermont

    With Vermont’s economic outlook continuing to languish at 49th (according to the American Legislative Exchange Council’s Rich States, Poor States publication), legislators may be ready to take the governor’s charge to heart: “We must act now, and begin our ascent.”